What are the most Expensive Cities To Live in? Some here will be obvious but some of the top 10 will likely shock you.
Cost of living is such an important consideration when moving to a new city. It is intrinsically linked with whatever salary you can earn and you have to make a decision based on both factors. There isn’t much point of earning a very good salary if rent and general expenses are going to take the majority of it. Often you are better off taking a worse salary in a place with a lower cost of living. This infographic from Hansen and Company outlines the most expensive cities to live in the world. Unless you have very deep pockets, it will be difficult for the average person to add much to their savings living in these cities.
The most expensive cities are actually somewhat surprising and some of the places you’d expect to feature, such as London and New York, do not make the list. For example, coming in at number eight is Luanda – Africa’s most expensive city to live in. The massive infrastructural investment is the primary reason for the high costs.
Many cities in Asia also feature and some of these are less surprising. For example, the economy of Shanghai has been transformed in recent years and it is now a finance and foreign investment hub.
Not forgetting Europe, with two cities in Switzerland make the list. Zurich is the most expensive city in Europe and it is often considered the global centre for banking. Geneva isn’t far behind at number six and it is another global financial powerhouse.
Number one on the list is Tokyo and this won’t be too surprising to many. Japan has always been known as a very expensive city to visit and even the locals can find it hard to manage the large expenses. Find out everything you need to know about the top 10 most expensive cities to live in the infographic.
most Expensive Cities To Live in