Most Expensive City In The World
However, there are also the expensive city that makes you wonder if it’s worth it. If you’ve ever wondered about the most expensive cities in the world to live in, we have answered that thought below.
Hong Kong.
The bubbly city of Hong Kong takes the place as the most expensive place to live in, as Asia dominates the list of the top ten most expensive cities to live in. Hong Kong is a Chinese territory recognized for drawing some of the world’s most successful and wealthiest businessmen, as well as thousands of foreigners. Hong Kong has claimed the title of the world’s most expensive city for the third year in a row, according to the ECA index. It has a total area of 1,114 kilometers square with 7.482 million people living in it.
New York, United States.
New York, the concrete jungle of the United States, is next on the list. It was founded in the year 1624 with 783.8 kilometers square area of land, it is 10 meters above sea level and in 2020 about 8.38 million reside there. New York is the only North American city to make it to the top ten, and it is no surprise that it attracts hordes of individuals from all over the world who are all striving to build a name for themselves in the city. As a result, it’s no surprise that it’s such a costly city to live in everyone wants a taste of the Big City.
Geneva, Switzerland.
Geneva, Switzerland’s top entry, has long been considered the epitome of all things class and luxury, known for permitting the most luxurious of lifestyles, with the finest restaurants, social scene, and state-of-the-art houses. Geneva is where the headquarters of the United nation is located. The city is 375 meters above sea level with an area of 15.93 kilometers square and 198,979 residing in it. You will understand why it is one of the most costly cities to live in when walking down their beautiful streets and visiting one of the local grocery stores.
London, United Kingdom.
London, the city of dreams, has established itself as the world’s fourth most expensive city. People from all over the world rush to London with bright eyes, expecting to develop a career, achieve fame, or simply get a taste of the life the Londoners enjoy. Rent and public transportation rates in London are among the highest in the world, so you will need a lot of cash to make a comfortable life for yourself here. It is 11m above sea level, 1572 kilometers square with 8.982 million people residing here.
Tokyo, Japan.
Japan’s capital, Tokyo, is another metropolis that is propelling Asia to become the continent with the most costly cities. Japan is recognized for having extremely high living costs, and given that Tokyo is the country’s capital, it’s no wonder that costs are highest there. Rent is the most expensive item, followed by automobile ownership and transportation, those slick, fast bullet trains don’t come cheap. It is 40m above sea level with an area of 2,194 kilometers square with 13.96 million people living here.
Tel Aviv, Israel.
Tel Aviv is the most expensive city in the Middle East to live in. Tel Aviv, the only city in the Middle East to reach the list of the world’s ten most expensive cities, is a center for all things luxury and monarchy, which contributes to the city’s high cost of living but is mostly due to the strengthening of the shekel, Israel’s currency, the shekel. It is 113 years old, founded in 1909, 52km in size with 435,855 people living in the city and 3,854,000 living in the metro area.
Zurich, Switzerland.
It is no secret that Switzerland is a wealthy country, as evidenced by the fact that it has two cities in the top ten most expensive cities to live in. Along with drawing some of the world’s most wealthy people, the city has some of the highest incomes in the world, owing to the city’s sophisticated vibe, perhaps this can be attributed to all those huge banks who have their headquarters there. It is 408 meters above sea level, with an area of 87.88 kilometers square and 402,762 people residing there.
Shanghai China.
Shanghai, China’s largest city, is not only one of the world’s most densely populated, but also one of the most expensive. One of the reasons why the city is so expensive to live in is due to the country’s increased rates of inflation, which have been revealed in recent years, paired with the Chinese yuan’s sustained strength alongside other major currencies. The city was founded in the year 1291, It has an area of 6,340 kilometers square with 26.32 million people residing here.
Seoul Korea.
Seoul, the capital city of South Korea, also made the list. The city’s high cost of living is mostly attributable to the high cost of housing and security deposits required by residents. It also has to do with how, since the latter half of the twentieth century, the South Korean currency has performed well thanks to the Republic of Korea’s economic stability and growth. The country is also home to some of the world’s largest car and shipbuilders, as well as a slew of prominent construction firms, all of which generate significant revenue. It was founded in the year 1394, It is 38 meters above sea level with an area of 605.2 kilometers square with 9.776 million people living here.
Conclusion
The cities in this article span different countries, although Asian have the larger chunk of this list. But be assured that living or even spending a vacation in any of these cities is money-draining, so should not be undertaken with a low budget.
