While most of us could only dream to live in a big city like Paris or New York if you are one of those lucky ones who is travelling or especially thinking about moving to any of these cities, then you might want to check over your budget one more time. Apart from the obvious heavenly beauty and historical attraction, these cities present a more glamorous and modern lifestyle, easy transportation, better education, more career opportunities, more diverse cultural experience. And with all of these facilities comes an overly expensive lifestyle.
According to the survey of the Economist Intelligence Unit 2018 that compares more than 400 individual prices across 160 products and services in cities around the world including rent, food, drink, clothing, household, personal care items, transportation, utility bills, schools, these are the top 10 most expensive cities to live in :
1. SINGAPORE, MALAYSIA:
Singapore is one of the best cities in education, business and modern transportation. Singapore officially the Republic of Singapore is an island city-state in south-east Asia. For 5 years in a row, Singapore has become the costliest city to live in. Singapore has a highly developed economy. Singapore is one of the original Four Asian Tigers but has surpassed its peers in terms of GDP per capita. Between 1965 and 1995, growth rates averaged around 6 per cent per annum, transforming the living standards of the population. The currency of Singapore is Singapore dollar Singapore has the world’s highest percentage of a millionaire. Though it’s a small city Singapore offers a great diverse culture and beautiful sites. EIU says the most expensive place in the world to buy and run a car and the third-priciest destination in which to buy clothes in Singapore. The people already living there might not realise but if you are moving there from another place it can be difficult with the expenses.
2. PARIS, FRANCE :
Paris is one of the most popular cities in the world. Paris is located in northern central France. Also known as the most romantic city in the world it’s always praised for its heaven on earth kind of beauty and it’s diverse culture. The fashion and art are one of the many reasons for its popularity. Apart from its glamour, most people like to move to this city for its education & job opportunities. But with the modern lifestyle comes high expenses. If one doesn’t have a high paying job then it can be difficult to settle in, in this city. According to the EIU compared to other European cities, its alcohol, transportation, and tobacco are the only things that are priced competitively.
3. ZURICH, SWITZERLAND :
Zurich id the largest city in Switzerland, a global centre for banking and finance. Zurich is regularly recognised as one of the world’s most liveable cities because of its culturally vibrant, efficiently run and attractively set at the meeting of river and lake. Zurich and Geneva are the most expensive European cities in the categories of household, personal care, recreation, and entertainment, “perhaps reflecting a greater premium on discretionary spending,” according to the EIU. The breathtaking scenarios can make anyone want to move into this city but being the third most expensive city it doesn’t make it easier.
4. HONG KONG, HONG KONG :
Hong Kong is mostly popular for its vibrant culture and tourism. It is also one of the major shopping hubs for fashion lovers. hong kong is an autonomous territory and a former British colony. The surveys show that Asian cities tend to be the most expensive locations for general grocery shopping. Stated in south-east China, it’s a vibrant, densely populated urban centre is a major port and global financial hub with a skyscraper-studded skyline.
5. OSLO, NORWAY :
Mostly known for its picturesque view and modern lifestyle, Oslo is also one of the most expensive cities in the world. The capital and also the most popular city of Norway sits on the country’s southern coast at the head of the Oslofjord. It’s known for its green spaces and museums. Living in a city like Oslo could only be a dream for most of us. Oslo is also the fourth-most-populous urban area in the Nordic countries by population If the cost of a pint of beer were the sole indication of the cost of living, Oslo would be at the top of the list. A study found that the price of a pint in the Norwegian capital ($9.90) is higher than anywhere else.
6. GENEVA, SWITZERLAND :
Geneva is the second most populous city in Switzerland. Geneva is also one of the most popular places for adventure lovers due to the many activities it has to offer. Headquarters of Europe’s United Nations and the Red Cross, it’s a global hub for diplomacy and banking. Geneva is the French-influenced part of Switzerland. Also known as the city of peace Geneva is the 6th most expensive city according to the EIU making it the 4th most expensive city in Europe.
7. SEOUL, SOUTH KOREA :
Seoul is the capital of South Korea. The biggest attractions of this city are its huge metropolis where modern skyscrapers, high-tech subways and pop culture meet Buddhist temples, palaces and street markets. Seoul was the only city after Singapore to retain its ranking from the last year. In this city, groceries cost almost 50 per cent more than in New York City
8. COPENHAGEN, DENMARK :
Denmark’s capital Copenhagen is the 9th most densely populated European Union city proper. Sitting on the coastal islands of Zealand and Amager this city is linked to Malmo in southern Sweden by the Oresund Bridge. One of the most popular places among tourists because of its historical landmarks and statues, this city also offers an easy life in a very modern way through its education system and career opportunities. Because of its relatively high transportation, recreation, and personal care costs, Copenhagen is the 8th most expensive city.
9. TEL AVIV, ISRAEL :
Tel Aviv is a city on Israel’s Mediterranean coast. Tel Aviv, the second most populous city in Israel, is marked by stark 1930s Bauhaus buildings, thousands of which are clustered in the White City architectural area. Tel Aviv has jumped up the list from the 34th most expensive city five years ago to the 9th most expensive city in 2018. According to the EIU, the high costs associated with car ownership, which push transport costs 79 per cent above New York prices are the main reason for its being in the third position. The EIU analyst says Tel Aviv is also the second most expensive city in the survey in which to buy alcohol. Where New York came in at number 13 because of the dollar weakening against other currencies.
10. SYDNEY, AUSTRALIA:
Sydney is the capital of New South Wales. IT is also one of the largest and most populous metropolitan/urban areas in Australia and Oceania. Famous for its beaches and fun culture Sydney is also the 9th most expensive city in the world. It has hopped up four spots from last year. Apart from being a heaven for foodies, it’s also famous for its vineyards, mountains, dramatic scenarios. It also has the most famous Opera house, Sydney’s Opera House and fascinating landmarks like the Harbour Bridge.