Top 10 Expensive Cities in the World
If you’re looking to live a luxury lifestyle for as cheaply as possible, you probably want to avoid of these cities. And today we’re counting down for top 10 most expensive cities and living costs in the World.
Out of the top 10 most expensive cities to live in the world, five are in Asia, three came from Europe and only two is located in America.
The list has been created based on the Worldwide Cost of Living data set. The data set comprises of 400 individual prices of 160 products and services across 90 countries.
10. Geneva Switzerland
Geneva is the second-most populous city in Switzerland and the most populous city of Romandy, the French-speaking part of Switzerland.
The Swiss city boasts high salaries and low taxes, and has seen a decrease in its cost of living in the last year, dropping five places in the rank.
Currently one Swiss Franc equals 1,10 USD. So, let’s see what some avarage salaries and life costs are in Geneva. The average annual salary in Geneva is $121,500.
This averages out to be $10,125 per month. The average rent in Geneva for a one-bedroom apartment in the city centre is approximately $2,500 per month, and utilities cost around $226 a month. Price per square meter to buy apartment in city center is USD$ 13,329
9. Tokyo Japan
Tokyo is the capital and most populous prefecture of Japan. Also, Tokyo is the political and economic center of the country. This place leading center of business and finance.
It hosted 36 of the Fortune Global 500 companies. Tokyo boasts the largest population in the ranking at 9.2 million people strong, resulting in a high cost of living and a 1kg loaf of bread costing US$7.41 on average.
Currently one Japanese Yen equals 0,009 (ninety three thousandth of a cent US). So, let’s see what some avarage salaries and life costs are in Tokyo.
The average annual salary in Tokyo is $69,400. This averages out to be $5,783 per month. The average rent in Tokyo for a one-bedroom apartment in the city centre is approximately $1,500 per month, and utilities cost around $198 a month. Price per square meter to buy apartment in city center is USD$ 11,080
8. Los Angeles
US City of Los Angeles and often known by its initials L.A., is the largest city in California. With an estimated population of nearly four million people, it is the second-most populous city in the United States after New York City.
Similarly to New York, the high cost of living in LA is influenced by the strengthening of the US dollar and firm domestic demand. The average annual salary in Los Angles is $64,800(After tax).
This averages out to be $5,400 per month. The average rent in Los Angeles, CA for a one-bedroom apartment in the city centre is approximately $2,500 per month, and utilities cost around $141 a month.Price per square meter to buy apartment in city center is USD$ 8,035
7. Tel Aviv Israel
Tel Aviv, is the most populous city of Israel. Located on the Israeli Mediterranean coastline and it is the economic and technological center of the country.
As the only Middle Eastern city in the rank, Tel Aviv’s rising transport costs, such as car ownership, have resulted in the city rising three places in the last year.
Currently one Israeli new shekel equals 0,29 US cent. So, let’s see what some avarage salaries and life costs are in Tel Aviv.
The average annual salary in Tel Aviv is $68,500. This averages out to be $5,708 per month. The average rent in Tel Aviv for a one-bedroom apartment in the city centre is approximately $1,500 per month, and utilities cost around $222 a month. Price per square meter to buy apartment in city center is USD$ 12,546
6. Zurich Switzerland
Zürich is the largest city in Switzerland, and the capital of the canton of Zürich. Zürich is among the world’s largest financial centres despite having a relatively small population.
The city is home to many financial institutions and banking companies. The Swiss city is listed as the #1 city in the world for quality of life.
The city also ranks second in terms of the highest salaries, driving up the cost of rent and groceries. Currently one Swiss Franc equals 1,10 USD.
So, let’s see what some avarage salaries and life costs are in Zurich. The average annual salary in Zurich is $125,275. This averages out to be $10,439 per month.
The average rent in Zurich for a one-bedroom apartment in the city centre is approximately $2,000 per month, and utilities cost around $215 a month. Price per square meter to buy apartment in city center is USD$ 12,886.
5. Paris France
Paris is the capital and most populous city of France. Paris has been one of Europe’s major centres of finance, diplomacy, commerce, fashion, science and arts.
Paris received 38 million visitors in 2019, measured by hotel stays, with the largest numbers of foreign visitors coming from the United States, the United Kingdom, Germany, and China.
While Paris has some of the richest neighbourhoods in France, it also has some of the poorest, mostly on the eastern side of the city.
Dropping five places from the top spot in just one year, France’s capital remains the most expensive city in Europe along with Zurich. Currently one EURO equals 1,18 US. So, let’s see what some avarage salaries and life costs are in Paris.
The average annual salary in Paris is $76,166. This averages out to be $6,347 per month. The average rent in Paris for a one-bedroom apartment in the city centre is approximately $1,500 per month, and utilities cost around $225 a month.Price per square meter to buy apartment in city center is USD$ 12,469
4. New York US
New York City is the most populous city in the United States.With almost 20 million people in its metropolitan statistical area and approximately 23 million in its combined statistical area, it is one of the world’s most populous megacities.
New York City has been described as the cultural, financial, and media capital of the world, significantly influencing commerce, entertainment, research, technology, education, politics, tourism, art, fashion, and sports.
New York is home to the highest number of billionaires of any city in the world. New York City is a global hub of business and commerce, as a center for banking and finance, retailing, world trade, transportation, tourism, real estate etc. I
t is home to some of the nation’s and the world’s most valuable real estate. Fifth Avenue in Midtown Manhattan commands the highest retail rents in the World.
The average annual salary in New York is $69,300(After tax). This averages out to be $5.775 per month. The average rent in New York, NY for a one-bedroom apartment in the city centre is approximately $3,500 per month, and utilities cost around $140 a month. Price per square meter to buy apartment in city center is USD$ 14,807
3. Osaka Japan
Osaka is the second largest metropolitan area in Japan and among the largest in the world with more than 20 million inhabitants.. Today, Osaka is a major financial center of Japan.
The Japanese city is often named as one of the best cities in the world for foodies, but it is also one of the most expensive places to buy groceries.
Currently one Japanese Yen equals 0,0009 (ninety three thousandth of a cent US). So, let’s see what some avarage salaries and life costs are in Osaka.
The average annual salary in Osaka is $52,200. This averages out to be $4.350 per month. The average rent in Osaka for a one-bedroom apartment in the city centre is approximately $1000 per month, and utilities cost around $210 a month.Price per square meter to buy apartment in city center is USD$ 6,233
2. Hong Kong China
The cost of buying property in Hong Kong makes it the most expensive real estate market in the world, with ownership out of reach even for people with higher salaries.
Hong Kong is home to the second-highest number of billionaires of any city in the world,It is the highest number of billionaires of any city in Asia, and the largest concentration of ultra high-net-worth individuals of any city in the world.
Although the city has one of the highest per capita incomes in the world, severe income inequality exists among its residents. Over 90 per cent of daily trips are made on public transport, the highest percentage in the world. Currently one Hong Kong dollar equals 0,13 US cents. So, let’s see what some avarage salaries and life costs are in Hong Kong.
The average annual salary in Hong Kong is $71,289. This averages out to be $5,940 per month. The average rent in Hong Kong for a one-bedroom apartment in the city centre is approximately $2,500 per month, and utilities cost around $217 a month. Price per square meter to buy apartment in city center is USD$ 31,800
1. Singapore
Singapore has the second greatest population density in the world. The country is home to almost 6 million residents, Singapore has a low unemployment rate for a developed country.
It also has one of the highest income inequalities among developed countries. Singapore is the world’s 3rd-largest foreign exchange centre, 3rd-largest financial centre, 2nd-largest casino gambling market.
Singapore is known to be patriculary expensive for buying car, with a Volkswagen Golf costing US$110,000 on avarege compared to US$44,000 in Norway.
Currently one Singapore dollar equals 0,74 US cents. So, let’s see what some avarage salaries and life costs are in Singapore. The average annual salary in Singapore is $67,152 (After tax).
This averages out to be $5,596 per month. The average rent in Singapore for a one-bedroom apartment in the city centre is approximately $ 3000 per month, and utilities cost around $119 a month. Price per square meter to buy apartment in city center is USD$ 18,687
