Top 10 Costliest Cities in the World

You may be thinking about shifting to some metropolitan city and you just had a thought if you would continue your luxurious life there also. So why not have a quick look over the most expensive cities in the world:

 

10. Nagoya:

Nagoya Top 10 Costliest Cities in the World

Nagoya takes the tenth place in this list. Nagoya is in Japan. In past few years the cost of living has risen very rapidly in Nagoya. It is a hub of auto manufacturing. It is also an important place for business for the leading car-makers like Toyota, Honda, Volkswagen and General Motors. The city has a large industrial sector that creates the demand of housing in an already densely populated area. It is also Japan’s third largest city and all the factors cause the cost of housing to rise. However the rent of an apartment is not that high as Tokyo but a cup of coffee would make you realize it is no less than Tokyo. A regular person is expected to spend about ¥100,000 a month here.  Some of the statistics regarding the topic are:

  • Fast-Food Meal: $8.42
  • Cup of Coffee: $6.38 
  • One Gallon of Gasoline: $6.70 
  • Monthly Rent of a Luxury 2 Bedroom: $2,551 
  • Daily International Newspaper: $6.38 

 

9. Hong-Kong:

Hong Kong1 Top 10 Costliest Cities in the World

Hong-Kong gets the 9th place in this list. It is a Chinese city. It is one of the most densely populated cities in the world so it is not surprising to say it has limited housing supply. So because of this fact the average monthly rent for an apartment has gone through a serious hike. The average house prices have risen over 93% in about 6 years. Hong-Kong is a major global financial center thus a great place for international business. All of the facts justify the rise in the cost of housing, food and fuel. Living in Hong-Kong is 50% more expensive than living in Thailand. Only the wealthiest gets to live a luxurious life in such a city in China. Some of the statistics regarding Hong-Kong are:

  • Cup of Coffee: $6.83 
  • Monthly Rent of a Luxury 2 Bedroom: $7,092 
  • Daily International Newspaper: $3.61
  • Fast-Food Meal: $3.54 
  • One Gallon of Gasoline: $8.36 

 

8. N’Djamena:

N’Djamena Top 10 Costliest Cities in the World

The Capital city of Chad, N’Djamena gets 8th place in the list. The city is the economic center of this Central African country. The main reason that leads to such an expensive living expenses in the place is the difficulty to find any safe or suitable place for accommodations. Thus it makes the less available, few places very expensive. Moreover keeping the safety in mind, in this violence-mired city, the employees’ personal safety is taken into consideration. Even a fast-food meal costs some $25. The oil fields in Chad also attracted many international energy giants like CNPC or Chevron or Exxon Mobil. Some of the common price approximations are:

  • Cup of Coffee: $3.32 
  • One Gallon of Gasoline: $6.55 
  • Monthly Rent of a Luxury 2 Bedroom: N/A 
  • Daily International Newspaper: $6.85 
  • Fast-Food Meal: $25.18 

 

7. Singapore:

Singapore1 Top 10 Costliest Cities in the World

A big inflow of expatriates has pushed up the City to the 7th place in the list. This Asian city us one of the financial centers that contributes to high costs of housing, food and fuel. Singapore is very expensive city in terms of property prices, rents and owning a car. But it is also the place with highest expat salaries in the world. If we consider the average income of the family be $4,000 per month, you can expect a modest living standard in Singapore. Some of the data statistics regarding the topic are:

  • Monthly Rent of a Luxury 2 Bedroom: $3,588 
  • Cup of Coffee: $5.18 
  • One Gallon of Gasoline: $6.55 
  • Daily International Newspaper: $3.59 
  • Fast-Food Meal: $5.66 

 

6. Zurich:

Zurich Top 10 Costliest Cities in the World

Zurich is a very expensive and the largest city in Switzerland. It gets the 6th place in the list because of the reason that it is the home to many banking giants like UBS, Credit Suisse etc. The fact that Switzerland has low tax rates; it automatically becomes an attraction for the international firms. Its high quality of life, good education, low taxes and security issues makes Singapore the favorite for the purchasers when it comes to buying property. You even have to pay for a bicycle license or parking in front of your own house, Dog Taxes, Health Insurance etc. Some of the prices of some daily products of the place are:

 

  • Monthly Rent of a Luxury 2 Bedroom: $3,614 
  • Cup of Coffee: $6.02 
  • One of Gallon Gasoline: $7.38 
  • Daily International Newspaper: $4.38 
  • Fast-Food Meal: $12.59 

 

5. Geneva:

Geneva Top 10 Costliest Cities in the World

Another city from Switzerland, Geneva gets a place in our ‘top ten’ list. Geneva is the second largest city in Switzerland. It shows the most expensive metropolitan area in the country. Reason for the expensive prices of goods in the country is the Swiss franc’s appreciation. Strength of Swiss franc against the dollar has the result.  It has raised the cost of living. Moreover, it is also a home to 20 international organizations like United Nations or World Trade Organization etc makes it quite expensive. The city has about 44% population made up of foreigners that makes it a cosmopolitan hub also. So that leads to most expensive private schools in the world also, further adding the cost of living here. 3,500 CHF per month will get you a decent life there. Some of the statistics regarding the topic are:

  • Cup of Coffee: $6.57 
  • One Gallon of Gasoline: $7.46 
  • Monthly Rent of a Luxury 2 Bedroom: $4,818 
  • Daily International Newspaper: $4.38 
  • Fast-Food Meal: $12.59 

 

4. Moscow:

Moscow1 Top 10 Costliest Cities in the World

Moscow, a European city, gets the 4th place in the list. It has been a main center of politics and business that makes it top choice for the expatriates. Despite of the facts like corruption, pollution, traffic congestion or red tape, the place still is wise choice for the expat workers. Safety issues also add up to the living cost. The growing wealth due to country’s oil or commodities boom also adds to the reason. It is home to many billionaires, that shows you need to have a lot of money to live a nice life in Moscow.  The cost of living can be guessed from the prices of:

  • One Gallon of Gasoline: $3.67 
  • Daily International Newspaper: $9.78 
  • Monthly Rent of a Luxury 2 Bedroom: $4,200 
  • Cup of Coffee: $8.37 
  • Fast-Food Meal: $6.70 

 

3. Osaka:

Osaka Top 10 Costliest Cities in the World

After Nagoya, Osaka is another Japanese city that gets a place in this list. It gets 3rd place this year.  Osaka is an important commercial center for Japan. About 1.1 million people commute during the day time in the city. That shows how densely populated the city is. This dense population leads to limited accommodation thus a rise in high price rise. The city is known for its food and night life but it is hard to imagine for the expatriates. Daily goods required for living that includes daily bread, fuel, newspaper of just a cup of coffee; all have a high price making it very difficult for a common man to continue his comfortable living in the city. Osaka is a key industrial hub that makes it a home of a large number of manufacturers. Some of the goods with their prices are:

  • Cup of Coffee: $7.02 
  • One Gallon of Gasoline: $6.85 
  • Monthly Rent of a Luxury 2 Bedroom: $3,062 
  • Daily International Newspaper: $6.38 
  • Fast-Food Meal: $8.29 

 

2. Luanda:

Luanda Top 10 Costliest Cities in the World

Another African city that got its place on the 2nd number in the list is Luanda. It is the capital of second largest oil producer in Africa. Oil boom, Crude oil sales etc caused the price rise as an outcome. Renting property has become the most costly expense in the city. It is the largest recipient of FDI ie Foreign Direct Investment. Cost of living in Luanda can be described more like astronomical. Even a general Gym Membership can cost you like 2,000 AOA for each session! The under supply and over demand is the main reason why the city has so expensive goods or property. Some of the figures that could help to show how expensive it is to have a nice living in such an expensive place are:

  • Monthly Rent of a Luxury 2 Bedroom: $6,500 
  • Daily International Newspaper: $5.46 
  • Cup of Coffee: $3.90 
  • One Gallon of Gasoline: $2.38 
  • Fast-Food Meal: $19.94

 

1. Tokyo:

Tokyo Top 10 Costliest Cities in the World

Tokyo gets the top place in this list; the third Japanese city to get its place on the list. The cost of renting is although relatively same as last year, but the prices of other goods including food, fuel or coffee has raised a lot. According to a survey, Tokyo is one-third more expensive than Karachi where Tokyo is the most expensive city in the world while Karachi is the least expensive city in the world among those 214 surveyed cities. In this survey the cost of over 200 items were compared in those cities and it was found that Tokyo leads them all. Tokyo is the most important economic center in Japan and is the most desirable place to live in. Some of the goods with their prices in Tokyo are:

  • One Gallon of Gasoline: $7.34 
  • Daily International Newspaper: $6.38 
  • Monthly Rent of a Luxury 2 Bedroom: $4,848 
  • Cup of Coffee: $8.29 
  • Fast-Food Meal: $8.29 

So, you better rethink of shifting if the city of your dreams just got a place in the list! Not if you are super wealthy;)

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