There are 10 most expensive cities in the world you should aware of. Especially if you want to move abroad. When we travel or move to another country, money is always a serious matter. Especially in recent uncertainty.
You might want to keep an eye on your money during the ongoing pandemics and war, also the rise of almost daily needs. Unfortunately, it happens in almost every corner of the world. Things get harder in big and fast-rising cities.
Many of us will think that the most expensive city in the world will be in the US or Europe. Turns out that we should move our eyes to Asia as Hongkong is the most expensive city in the world today. This is according to the annual release from ECA International.
Research recently reports that around 60 percent of those between 18-35 want to live abroad. The purpose is varied, from work to study or just for a new experience. That is why we need to know some insight into the living cost in the desired city.
This insight will help you determine how to afford a place of living. Whether it’s an apartment or sharing a room with roommates. Also, how is your income able to manage your daily needs, or maybe you will need an extra income?
Here are the 10 most expensive cities in the world for your reference:
10. Seoul
The vibrant city of Seoul is home to more than 10 million people. The massive spread of K-Pop leads to many people wanting to move there. The total living cost in Seoul is around USD 1,460/person and USD 3,914 for a family of 4. This is what you have to pay if you rent an apartment.
But, for some people who get rent allowance from their office, the cost will be USD 742 to USD 2,255 on average. Despite the high cost, living in Seoul is interesting as many people describe it as the best place to live.
9. Guangzhou
Guangzhou develops through the years and becomes a modern city. This city is also homes to many big global companies. Offering attractive daily life with business, trade, and culture blended together, living here is far from cheap.
You will have to spend an average of USD 270-870 only for one bedroom apartment. While a three-bedroom apartment will cost you around USD 725-1,741. Surely, this is a lot of money. Meal allowance in this city is vary depends on where you eat or drink. Approximately, it will cost you around USD 1,45 to 5.
8. Shanghai
The 10 most expensive city in the world includes Shanghai on the list. As one of the most popular cities in China, Shanghai attracts tourists from all over the world. Many even want to live there. But, to spare you some money, you can choose to live outside the coastal promenade.
The highest expense in Shanghai is the rent. People must pay at least USD 500-1,400 just for one bedroom apartment. Transport costs may vary but you better take public transportation to save money. Taxi will cost you at least USD 0,36/km plus you must pay an extra waiting charge.
7. Zurich
Zurich is known as the safest place on earth to save money. It is also one of the most expensive cities in the world to live in. Although tourists love this city for its quiet and peaceful environment.
A week’s visit to Zurich will cost you around USD 310. So, you better chose to rent an apartment and buy food at the supermarket when you go there. Using public transportation is also the best way to save money while you are there.
6. Tel Aviv
The next expensive city is Tel Aviv. Should you choose to work or study in this city, you must prepare for the high living costs. It will cost you around USD 5,500/month for the nomad. For a family, it is more expensive.
Despite its high living cost, Tel Aviv offers you a vibrant way of life where culture and modernity blend smoothly. As the second largest city in Israel, Tel Aviv is busy with locals and tourists. Meal costs vary though.
5. Tokyo
Japan is a beautiful country and Tokyo is one of the biggest and busiest cities in Japan. Tokyo is also known for its immigrant to study or work. Living in Tokyo is expensive, especially for rental fees and transport.
It is why you better take public transport, share a room with a roommate, and buy food and drink at a convenience store. You can also make extra income by working part-time in a supermarket, hotel, or restaurant.
4. London
Living in Queen Elizabeth’s country was considered to be expensive, especially in London. If you want to visit London or live there, you must prepare your savings. To save money, try to cook your own meal rather than dining out at a restaurant.
Despite its cloudy wet climate and high rent, London still has its comfort. If you’re a student, then you’re allowed to share a room with anyone. So practically, no gap in ages or communities related to renting houses.
3. Geneva
Living cost in Geneva is mind-blowing. The average cost you must pay for a person is around USD 2,895. Meanwhile, if you’re a family then it will be around USD 7,148. Eating out in Geneva considers being expensive as well.
Read More: 10 Most Expensive Land in the World
Some tourist attraction is quite expensive also. For example, skiing. But, you can still enjoy Geneva by choosing free trails such as biking and hiking. On the other hand, Geneva is known for its good health system though.
2. New York
The second most expensive city in the world is New York. Everything seems to be expensive in Big Apple, no question. Bars, restaurants, parking fees, rent, meals, fuel, as well as transportation. Not to mention high-income tax for every level of employment.
This high cost of living comes together with convenience. Jobs are easy to find, restaurants are open 24/7, non-stop entertainment, and the salary is high. New York is the best place to start a business, small or big.
1. Hong Kong
As stated above the leader of the 10 most expensive cities in the world is Hong Kong. You need to be a tycoon or millionaire to have a property in this city. Hong Kong has the most expensive square meter rent in the world.
Your pocket must be deep because you need USD 1 million just for rent. Nothing is cheap in this fast-rising city. The strength of the Chinese economic influence high living cost here.
So, which city do you want to move to? The top 10 most expensive cities in the world may change over time. Recent events such as pandemics, war, climate change, the economic issues may influence the living cost.
