These are the most expensive cities in the world
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These Are the 9 Most Expensive Cities in the World
If you’re thinking about relocating to one of these popular cities, it is definitely going to cost you a pretty penny.
If you’ve ever dreamed of living in one of the world’s most populous and bustling cities, you are certainly not alone. Millions of people move to major cities each year only to discover the often insurmountable cost of living once they settle in. The more in demand a city becomes, the higher rent prices are likely to be, not to mention utilities, transportation, dining, and groceries. There is so much to love about living in busy cities, but to truly live the dream there is often a hefty price tag.
From New York to London to Singapore, these world-renowned cities offer a wealth of career opportunities, five-star dining, and unparalleled cultural attractions, but to enjoy each city to the fullest visitors and residents will need to spend quite a bit of cash. Here are the most expensive cities in the world.
New York City
Alexander Spatari // Getty Images
With an average monthly rent over $4,000, New York City is undeniably one of the most expensive cities in the world. Residents can save money by taking public transit, which costs $2.75 per ride, a fraction of the cost of a monthly parking space, which can be as costly as $900 per month.
Singapore
Allan Baxter // Getty Images
Singapore—which is technically a city-state—has long been recognized as one of the most expensive places to live in the world largely due to the fact that it depends on other countries for imports and is unable to produce its own energy, which it sources from Malaysia. Transportation is also costly, as a single gallon of gas can cost as much as $10.
Hong Kong
Kanok Sulaiman // Getty Images
The demand for housing in Hong Kong is high, resulting in high rent prices for relatively small apartments. Like Singapore, Hong Kong relies heavily on imports from other countries, making many basic essential items more costly.
These are the most expensive cities in the world
The falling value of the euro pushed cities like Stockholm and Luxembourg down the list of the most expensive cities in the world. Image: EIU.
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