Do you know the most expensive cities in the world? Let’s see if you have visited any of the cities mentioned below. This article will discuss the ten most expensive cities in the world. It will let you know what makes all of these cities stay on top.

As the COVID-19 pandemic has jolted the travel economy, it has also moved other factors and made the cities rank differently than the years before. From Singapore to Hong Kong to Paris and United States, let us figure out which ones rank on the list of top ten!

World’s Most Expensive Cities for Living

All these cities have a set standard of prominence that makes them unique in their way. They have a strong currency and economy that balances and makes them firm on the list. Our team compiled a list of the most expensive cities in the world for living. Let us discuss what other factors make these cities not suitable for low budget.

1.Hong Kong, China

On top of the list and number 1 is Hong Kong, the city of the People’s Republic of China. The city’s name has been derived from its Cantonese name, “Heuong Gong,” which means “Fragrant Harbor”. Hong Kong is known to be under British Control before 1997, after which it was passed back to China. Today Hong Kong has the maximum number of billionaires, and its currency is the 8th most traded currency.

Hong Kong holds a lot of inheritance of its past. It has several museums that showcase the history of the place. Moreover, it has many foundations that bring about art and expertise. The city is well famous for its beautiful and dazzling lifestyle. It has the most lavish shopping spree in the world. Hong Kong’s energetic lifestyle and splendid skyscrapers treat the city’s people. Check our guide about moving to another country to have an idea about the best tips to save cash while relocating.

Hong Kong holds the most extravagant places. From skyscrapers to historic temples to Themed parks, the city has all the things to attract a person.

Why is Hong Kong expensive?

Hong Kong is expensive because of the number of people living in the city. It is populous with around 7 million people who live there. Simultaneously, the city’s land is smaller than that of the population. Hence, it is the main reason for the living spaces to cost a fortune in the city. It is considered great luck to afford a house in Hong Kong with a handsome salary.

Famous places you can visit in Hong Kong

  • The Peak
  • The Big Buddha
  • Hong Kong Disneyland
  • Hong Kong Museum of history
  • Madame Tussauds Hong Kong
  • Causeway Bay
  • Hollywood road
  • Egg Waffles
  • Dim Sum

2.Zurich, Switzerland

Zurich of Switzerland stands 2nd on the list. Switzerland is a country known for its splendor, scenic beauty, and high-end living. Zurich is the hub of banking life in Switzerland. However, Zurich is the largest city in Switzerland and its leading financial center.

Zurich is situated on the northern side of the country. Its features are that of Alpine settings that give it a picturesque view. The name is derived from Lake Zurich that it touches at the north end. Zurich is known for its high-end lifestyle, amazing views, arts and crafts, and economic focus. The number 2 city provides the finest quality of life to its residents. It is balanced socially, lawfully, economically, and is environment friendly.

Zurich is identified as the most expensive city for tourists to visit.” The rents, food and other shopping activities are pretty upgraded.

Why is Zurich expensive?

Zurich, as mentioned before, is the banking hub of its country. Almost more than half of the city population is working in banks. On the whole, Switzerland has an extreme banking power in the whole world, and Zurich is its central heart for banking work. Hence, it ends up making itself the top most expensive city in the world

Famous places you can visit in Zurich

  • Uetliberg
  • Kunsthaus Zürich (Museum of Fine Arts)
  • Limmatquai and the Rathaus (Town Hall)
  • St. Peter’s Church
  • Zurich’s Zoo

3.Paris, France

Who does not know about Paris? Let the Eiffel tower do the talking when we discuss Paris. The most happening and expensive city of France that stands tall at number 3 is Paris. Paris is also the capital of France and is highly known for its fashion plus art industry. It is said that Paris was originally a Roman city which was known by the name of ‘Lutetia’.

As Paris is referred to, the ‘City of Lights’ is the most visited city by tourists. The Romance and cultural art it exhibits in its streets is worth the watch. It has many historical, cultural and fancy places that the tourists love to visit when they are in the city. Paris is expensive for the tourists as well as for the residents. Apart from the fact that the salaries provided to the people are high, the living is also equally upgraded. The rents, groceries, and basic living motives are not too easy to afford in Paris.

Why is Paris expensive?

Paris runs in a currency circle by the real estate prices linked by the retail prices. This makes a huge difference in the advancement of the economy. Moreover, the more the city’s people’s salaries, the more the expenditure. Paris also has a huge tourist hub. Hence, all of these points make it an expensive city in the world.

Famous places you can visit in Paris

  • Eiffel Tower
  • Sacre-Coeur
  • Notre Dame Cathedral
  • Arc de Triomphe

4.Singapore, Republic of Singapore

Singapore on the 4th is known as the economic ‘tiger’ of Asia. Belonging to Singapore’s Republic, Singapore makes itself the most expensive cities’ list. Standing tall on an island, Singapore has made itself the most robust city in the world too. With its strict laws, high end living, and excellent tourism industry, the city has made itself an unwavering place.

Singapore offers excellent shopping opportunities, dazzling dining, threshing culture, and a vibrant history for the people who visit. It has many five and seven-star hotels to stay in with many places to visit in the city.

The city focuses intensely on its technological development. However, it makes sure that it does not affect the city’s people’s living. For example, the city has made cars so expensive that it is difficult to buy a car in Singapore. This, in turn, keeps the roads of the city less crowded. Consequently, it has made public transportation very strong for convenience.

Why is Singapore expensive?

The prices of the property and vehicles are sky-high in Singapore. Also, the basic things like groceries, education, and bills are set to the elite’s standard. The city has made its reforms such that it is standing in a much secure state. These reforms connect the reasons for expenses in the city.

Famous Places you can visit in Singapore

  • Gardens by the bay
  • Singapore Zoo
  • Singapore Flyer
  • Sentosa Island
  • China Town

5.Osaka, Japan

Number 5th on the list is Osaka, the third-largest city in Japan. It is located just near where the River Yodo flows and sweep into Osaka Bay. However, Osaka dates back to an entirely old scenario. But today, Osaka is one of the most modern cities in the world.

It is the liveliest city in Japan. Osaka has many cultural heritages for the people to acknowledge. Lots of places for food, which is the city’s main feature. And lots of impressive architecture is found around the city. Not only this, but the entertainment life is also very happening in the city.

Why is Osaka expensive?

Being the hub of commerce and culture for Japan, Osaka tends to be expensive. Consumer goods and living are more costly than the city’s tourist industry.

Famous places you can visit in Osaka

  • Osaka Castle
  • Shitennō-Ji Temple
  • The Tempozan Ferris Wheel and Harbor Village
  • The National Museum of Art
  • The Umeda Sky building
  • Universal Studios Japan

6.New York, United States

One of the most energetic cities, New York of United States of America, stands 6th on the list. The city has everything you might ask for, rivers, lakes, mountains, city lights and what not! This city is known for ‘never sleeping’ for the job opportunities it offers.

New York is a core of economic strength and a whirlwind of spending for its people. The tourist economy is also very strong in New York. Many industries in the city are flourishing with time, but so are the city’s expenses. Basic facilities and rents of properties are too high. Let alone thinking of buying property is out of the question for a mediocre.

Why is New York expensive?

Job opportunities and the industry is indeed on a boost in New York. But on the other hand, the utilities, rents, and taxes are the reasons it is difficult to manage a decent salary. Living in New York is a big deal.

Famous places you can visit in New York

  • Central Park
  • Statue of Liberty
  • Metropolitan Museum of Art
  • Broadway
  • Times Square
  • Brooklyn Bridge

7.Shanghai, China

Number 7th is China’s largest city. The global hub of the country, Shanghai, settles itself as an expensive city for several reasons. It has a population of over 24 million, yet; it never rushes at areas. The city is always working to improve itself in one way or another.

The city’s location helps it have a great tourist catch up. Yangtze River and China’s coastline provide an opportunity for the people to enjoy the city’s spots. There are many places in the city for tourists to visit. Museums, art galleries, and some adequate dining spaces flourish the city’s tourist economy.

Why is Shanghai expensive?

Like many other cities of the world, Shanghai is also the country’s economic hub. China depends on its largest city for many global networks. Hence the expenses of the living in the city increased.

Famous places you can visit in Shanghai

  • Longhua Temple and Pagoda
  • The Shanghai Museum
  • The Oriental Pearl Tower
  • People’s Square
  • Shanghai Science and Technology Museum
  • Shanghai Disney Resort

8.Geneva, Switzerland

The main mid-center of global industries and collaborations in Switzerland, Geneva is the 8th most expensive city in the world. Red Cross and United Nations have their head offices in the city. Geneva has some distinct features and importance as it is mainly also connected to France borders.

Many business activities are taken place in the city. Moreover, it also has a strong banking pivot. Apart from all of these economic strengths, Geneva has a beautifully scenic nature-friendly environment, enhancing the tourist industry.

Why is Geneva expensive?

Geneva is the second-largest city in Switzerland and is home to many international firms. The city’s diplomacy and business strength make it the most expensive city.

Famous places you can visit in Geneva

  • Lake Geneva
  • Jardin Anglais (English Garden)
  • Temple de Saint-Pierre
  • Palais des Nations

9.Bern, Switzerland

Switzerland’s capital is 9th on the list of most expensive cities in the world. The beauty of Bern is undoubtedly mind-blowing. The fact that the city is settled on a stonework crest is phenomenal. Bridges and waters are flowing into the city’s valleys, making the place look exactly like movies.

There are numerous buildings and little valley houses preserved for three centuries. This gives an insight into the place and people that used to live there in the past. The rich culture and heritage give Bern extra numbers for attracting the tourists. Festivals and art entertainments take place yearly in the city too.

Why is Bern expensive?

The rents and other city expenses are comparatively higher, making it an expensive place to stay in. if you are a tourist in the city, you can still have options to look up to a lesser expensive place to stay in.

Famous places you can visit in Bern

  • The Einstein Museum and the Historical Museum of Bern
  • The Old Town
  • Rosengarten
  • Clock Tower
  • Botanical Garden
  • The Granary

10.Beijing, China

The last and number 10 on the list is Beijing of China. Beijing has almost 60% mountainous areas, and the other is flat land. Beijing stands as one of the ancient cities there are, which makes it have a tremendous historical heritage in itself. A city as old as London holds a complete firm foot on its culture, education, and science.

Bearing the Great Wall of China and many other such old architectures, the Beijing city has much to offer to the tourist economy. Beijing is one of those cities that have a strong road network. The city connects many other cities with rails and metros. With many tourist opportunities like shopping, dining, and attractive places to see, the city offers many events.

Why is Beijing expensive?

A city that holds almost 800 years old of history has a treasure in itself. Moreover, as the city’s economy flourishes, so do the expenses of the people living there, like all cities discussed above.

Famous places you can visit in Beijing

  • The Imperial Palace and the Forbidden City
  • The Great Wall of China
  • Beihai Park
  • The Temple of Heaven
  • The Summer Palace
  • Beijing Capital Museum

Conclusion

From all the countries worldwide, numerous cities are settled on the globe. Some of them go unnoticed, whereas some make themselves so prominent that they get more attention than the country they are in. All the cities discussed above are such cities of the world. All of the cities have some amazing and astounding specialties that make them rich in every manner. It will rather be a splendid experience to visit such cities.

Pin It on Pinterest