The Most Expensive Cities in the World: Even though many cities around the world offer amazing facilities and exciting lifestyles, some of them are very expensive. Rent, food costs, transportation, health care and imported goods are just a few factors that can cause the cost of daily living to soar.
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Looking at the top 10 most expensive cities in the world, the survey compares over 200 factors in more than 400 cities around the world, according to the 2024 Mercer Cost of Living Survey.
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List of the most expensive cities in the world
rank |
City |
nation |
notes |
1. |
Hongkong |
China |
Due to the extremely high housing costs, the world remains the most expensive city |
2. |
Singapore |
Singapore |
Expensive transportation and high demand for real estate |
3. |
Zurich |
Switzerland |
High service costs and strength of Swiss francs |
4. |
Geneva |
Switzerland |
Similar to Zurich, the cost of living is luxurious |
5. |
Basel |
Switzerland |
Financial hub with high rental and service costs |
6. |
Bern |
Switzerland |
Expensive public services and limited housing |
7. |
New York City |
USA |
Expensive housing, food and transportation |
8. |
London |
U.K. |
Real estate and daily expenses rise |
9. |
Nasty |
Bahamas |
A life that is highly dependent on imports and luxury goods |
10. |
See more : Brain Teaser IQ Test: Spot The Fake Millionaire In This Picture In 5 Seconds! Los Angeles |
USA |
Expensive housing market and car-centric costs |
The ten most expensive cities in the world
1. Hong Kong (China)
Hong Kong remains the most expensive city in the world. Due to the high rental costs and the import of most commodities, daily life is expensive. In this country, even a small apartment can cost more than an entire house. Due to space restrictions, many residents live in small apartments called “micro apartments”.
2. Singapore (Singapore)
Singapore ranks second on this year’s list. It’s nice to live here, but definitely not cheap. Despite the high cost of living, it is modern, clean and efficient. Renting a house, owning a car or dining out comes with high prices.
3. Zurich (Switzerland)
Zurich is one of the richest and most expensive cities in Europe. Due to its excellent standard of living, professionals from all over the world come here. Everything from coffee to food to rent costs a lot. Zurich is a popular choice for bankers, technologists and business professionals around the world
4.Geneva (Switzerland)
Geneva is another Swiss city with high cost of living. Even basic groceries or services are expected to pay the highest price. Housing supply is short and very expensive. It is also known for its quality dining and luxury watch shops, adding high costs.
5. Basel (Switzerland)
Basel may be quieter, but it is as expensive as other Swiss cities. It offers a peaceful lifestyle, but with a luxurious price tag. It offers beautiful river views and powerful art scenes that attract wealthy residents. It is also a key hub for banks and pharmaceutical companies. Many professionals live here, which also increases housing costs.
6. Bern (Switzerland)
Bern is the capital of Switzerland. It is also one of the most expensive places to live. Despite its size, it is still the highest level of cost of living. It is smaller and calmer than Zurich or Geneva, but still expensive. Public transportation and rent constitute a large amount of living expenses. Many people commute from nearby towns to save rent.
7. New York City (USA)
New York is the most expensive city in the Americas. Its fast-paced lifestyle and endless opportunities have attracted millions. There is value in realizing New York City’s dream. Everything from Broadway to brunch is at a premium.
8. London (UK)
London has been ranked due to rising rentals and inflation rates. This is a global power, and everyone has something. This is a busy global city that offers a lot but has high prices. Everyday foods like travel and groceries are higher than ever. Despite the cost, it still attracts its history, work and culture.
9. Nassau (Bahamas)
Nassau looks like a tropical paradise, but living here is very expensive. The cost of luxury homes and travel drives raises prices. Most items are imported and can increase prices. Tourism and limited local production drive higher prices. There must be a huge bill to live in heaven.
10. Los Angeles (USA)
Los Angeles is a hot topic for celebrities, startups and creatives. Housing, car costs and food are all more expensive here. It is known for its sunshine and entertainment industry. Living in Los Angeles means paying extra for the Hollywood lifestyle.
From the island’s paradise to the snowy European capital, these cities showcase high-priced labels for living in global hotspots.
Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion