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What are the most expensive cities in the world to live in?

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Can you tell me what cities in the world have the highest cost of living?
asked Sep 5, 2015 in Real Estate by anonymous
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There are certain parts of the world which are both captivating and dreamworthy, yet can be expensive to reside in at the same time. Among these cities, some are near impossible for one to live in due to expenses associated with owning and/or renting a property. Let's take a look at three of the most expensive cities to live in at the moment.

 

1) Hong Kong 

 

This is one of the most expensive cities in the world at the moment. Gas prices are high and the cost of living is through the roof. Recent studies were completed in the area showcasing property prices and how they were skyrocketing upwards. For a simple one bedroom apartment, rent comes out to be 17,000 (in local currency) which converts to $2200 a month [1]

 

Add in additional costs being higher than most places in the world and this is an easy addition to the list.

 

2) London (England)

 

Yes, this is one of the most popular tourist attractions in the world as a city, but also one of the most expensive locations as well. A simple one bedroom apartment is going to set you back 1500-2000 pounds per month, which comes out to be $2200-2800 [1].

 

Add in additional costs and this is one of the most expensive cities in the world without a doubt.

3) New York

 

Yes, this is a city full of budding dreams and the night lights are quite beautiful. However, you have to pay for this beauty in abundance. Just ask those who live there.

 

For a simple one bedroom apartment in the heart of New York, you will have to fork over $1500-2000 per month [2].

 

This will add up as time goes on especially for those who are not planning to stay holed up in their apartment all day long and wish to explore the city.

 

References

 

1. http://www.businessinsider.com/5-most-expensive-cities-in-the-world-to-live-in-2015-7

 

2. http://www.telegraph.co.uk/finance/property/pictures/11450782/The-worlds-10-most-expensive-cities-2015.html

answered Sep 5, 2015 by kingusama92 (23,380 points)

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