The most expensive cities are ranked based on the average cost of staples like cooking oil and milk, rent, public transport, utilities, and local currency. PrillionaireNews has ranked the most expensive cities.
Top 10 Most Expensive Cities in the World
Hong Kong
Hong Kong, China, is the most expensive city in Asia and the world. Its success has attracted the most wealthy and successful business people and expats from all over the world.
Geneva
Geneva, Switzerland, holds the record for the city with the most lavish lifestyles accompanied by expensive scenes and hotels. Walking around the city, you will realize why it is at the top of the list.
New York
New York is the most expensive city in the US and at the top of the list in the world. With the numerous opportunities, New York is a hub for expats, business people, and different investors.
London
The city of London takes place on the list too. Many people from all parts of the world come to London for fame, to find a career, or to live in the UK’s beautiful city. Others that follow on the list are:
- Tokyo
- Zurich
- Seoul
- Guangzhou
- Shanghai
- Paris
What are the 10 Most Expensive Cities to Live in the World?
Cities provide numerous opportunities like food, good shelter, jobs, and access to places. However, these opportunities come at a cost. Here are the world’s most expensive cities to live in.
Hong Kong
Hong Kong is also on the list of the world’s most expensive cities to live with gas prices being on top of the list of most expensive commodities.
Tel Aviv
In Israel, the sunny city is on the list of the most expensive cities. The prices of essential commodities seem to keep increasing.
Singapore
With its cleanliness and impressive buildings, Singapore also falls in the second position with Paris as the world’s most expensive city.
Zurich
The city is also expensive, probably because it is the world’s finance and banking center. It has beautiful scenes and mountains that attract tourists too.
Paris
The home of the Eiffel Tower is the second most expensive city to live in, probably because of the high number of local and foreign tourists.
New York
New York is on the list because of its high prices for almost everything from rent to gas and groceries.
Other expensive cities you can live in include:
- Los Angeles
- Copenhagen
- Geneva
- Osaka
The Most Expensive City to Buy a House in 2023
The following cities have a high demand for properties, job opportunities, schools, and recreational activities, making them the most expensive cities to buy a house in 2023.
Geneva
It makes sense that Geneva is among the cities where the house cost is the highest. Expect to pay around $15 496 per square meter of property.
Moscow
The Russian inflation has also impacted the price of housing. It ranks on the list of the most expensive cities to live in and buy a house. You can pay about $16,021 per square meter of property.
Mumbai
Property prices continue to soar in Mumbai, India, despite a decline in the real estate market. The city’s properties are in high demand due to the development opportunities here.
Tokyo
A square meter of property in Tokyo costs about $16 320. The main reason for the high prices could be because the capital city of Japan has limited land with a high population and numerous opportunities. Oher cities on top of the list are:
Paris
You will also have to dig deeper into your pockets if you want to buy a house in Paris this year. Being on the list of the most expensive cities to live in, its property price continues to rise. Expect to pay a whopping $14,100 for a square meter of property.
- Vienna
- New York
- London
- Hong Kong
- Monaco
These are the most expensive cities in the world, from food to rent, utilities, leisure activities, real estate, and others.
