The question that everybody asks is how can one adjudge which city is the most expensive? Well, the ECA international is a global mobility company that compiles the different financial data of different cities across the globe and puts out a list of the cities where the expenditure on daily life is the most. One thing is for sure, Asia is the most expensive continent in the world. The fact that Hong Kong claimed the position of the most expensive city in the world three times in a row speaks volumes about how expensive it would be to live in Asian cities. Today, a list ofexpensive cities acrossthe globe will be discussed.
List of the most expensive cities across the globe
Hong Kong: 1st in Expensive Cities In The World
The second city on our list is London. London is known for its beautiful architecture and its many famous tourist destinations, such as the Shard and Buckingham Palace. London also has a high concentration of the wealthiest businessmen in the world, making it one of the most expensive cities to live in.
New York, USA: 2nd in Expensive Cities In The World
The concrete jungle of the USA is home to some of the highest rents in the world. The city is known for its opportunities, and because of that, thousands of people come to New York each year to make a name for themselves. With high rent prices and an abundance of apartments and houses, New York is one of the most expensive cities on our list.
Geneva, Switzerland: 3rd in Expensive Cities In The World
Geneva is a highly modernized city with a luxurious lifestyle. It is popular for its highly modernized living, the lavish restaurants, and providing one of the most high-class social atmospheres.
London, United Kingdom:
If you’re looking for a city that is known for its high living costs and luxurious apartments, then London is not the place for you. The city is known for having some of the highest rents in the world and it’s also known for having some of the most expensive living conditions. Even public transport in London would seem expensive to someone with a normal economic background. If you want to have a comfortable life in London, the only advice is to have a truckload of cash available to you at all times.
Tokyo, Japan:
The lifestyle depicted in the famous movie, Fast & Furious: Tokyo drift is not affordable. In order to enjoy the fast-paced and advanced Tokyo life, one needs to have a respectable bank balance.
Shanghai, China:
Shanghai is one of the most expensive cities in the world, and largely due to the massive inflation rates that the city faced recently. With a population of above 26 million people, Shanghai is an extremely big city with some of the most high-priced rents and other necessities.
Seoul, Korea:
Korea is one of the largest automobile manufacturers in the world, along with numerous other industries such as construction companies and shipbuilders. The economy of Korea has performed well lately. However, the hefty housing costs and security deposits made by the residents make Seoul one of the most expensive cities in the world. ..
CONCLUSION:
In order to live in one of the aforementioned cities, one has to have a great source of permanent income. This income has to come from a lot of different sources, including but not limited to: business, investments, inheritances, and even government contracts. If one wants to live in one of the aforementioned cities and make a great living from their work, they will need to have a lot of money.
Yes, the wages in expensive cities are often better than in less expensive cities. This is likely because the cost of living in expensive cities is higher, and there are more opportunities for advancement and salary growth.
The hourly wages or salaries are dependent on a long list of factors, but usually, expensive cities do have better job options. This means that one can earn more money. ..
Yes, it is possible to own property in the most expensive cities. However, doing so comes with a cost. The higher the price of real estate, the more expensive it becomes to maintain and operate a property in these cities. ..
It is possible to own property in cities like Geneva, New York, or London if one has the money. ..
