Life in a big city is a dream that can make everything you want easily accessible and it is not even a hassle to travel from one place to another with so many transport facilities available which makes living there quite easy. The life here is not only empowering but also liberating with newer challenges every day where you can embrace yourself fully, get out there and socialise well, find a number of interesting people and leave your past behind you.
With all of this, there are also great expenses everyone needs to keep in mind where you need to pay for all the ravishing facilities big cities offer. Here is the list of the top 10 most expensive cities in the world in 2018.
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10. London, UK
London is one of the largest cities in the world that is a prime hub for some of the largest trade businesses in the world and influences fashion, finance, industry and cultural careers for its citizens as well. This city has one of the most financially disciplined economic systems that provide people with high quality lifestyle and dependable services by the government. As tempting as these facilities sound, there is also an equal price to pay for. London is the most expensive city in the UK and the 10th most expensive city in the world. Restaurants and food markets can be a bit expensive with $5.50 for a gallon of milk and alcohol between $80 to $100. The cost of living, rent and education is also relatively high.
9. Copenhagen, Denmark
Copenhagen is one of the most beautiful and well planned cities in the world filled with clean and smooth roads, large museums and ravishing restaurants which are the factors that makes this city so expensive to live in. Rent, education and maintenance costs are also considerably high but people are offered very high salaries to compensate for the expenses. Copenhagen is home to some of the richest people in the country who can afford to live there and most of them hold large business within the city that contribute to high quality goods sold there. All these factors make Copenhagen an expensive city to live in.
8. New York, USA
The city that never sleeps. No doubt, New York has been the prime example of a city where dreams come true. With major multibillion dollar national and international businesses, it is one of the fastest running metropolitan cities in the world. Taking all expenses into account, it is one of the most expensive cities in North America especially in the Manhattan area where prices of food and rent can be ridiculously high. Cost of parking could cost you a lot of money on an average and hence most people living in the city do not own vehicles, instead they use taxi, subways or other public services that are quite punctual.
7. Paris, France
The city of Romance, Paris is indeed one of the most beautiful cities ever built. With its ravishing and beautiful architectural heritage and well maintained city administration, it makes Paris a lovely place to live in. Paris is also the most expensive city in Europe. It is also the Fashion Capital of the world that makes perfumes, clothing and other cosmetics expensive as well. Cost of rent and living is quite high as people tend to live in posh areas and in houses with stylish designs and expensive building material.
6. Geneva, Switzerland
One of the most beautiful artworks of Nature, Geneva in Switzerland is one of the major tourist attractions of the world. The cost of living in this city and wages are very high where the Swiss Franc has been appreciated against the US dollar which makes living costs even more expensive. With this city being so expensive, it also facilitates its citizens with great quality of life and well administered public services.
5. Seoul, South Korea
The city of Seoul is the capital of North Korea which is a huge metropolis full of skyscrapers, large malls, high tech subways and a rich cultural hub for its citizens. This city is home to one of the biggest drama and movie industries in Asia. The pop culture is also very rich in this city and is well administered. The public services are high quality and the infrastructure is well advanced which makes living in this city so expensive.
4. Tokyo, Japan
Tokyo is the capital city of Japan which is one of the most developed cities in the world. It is home to some of the fastest railway transport systems in the world and the roads are well planned and maintained to offer the best travel experience. Technology is highly developed and utilised to make everything about this city worth living in. The cost of living and rent is also very high as is the cost of food, clothing and education. Goods are mostly imported than manufactured that causes their prizes to rise.
3. Zurich, Switzerland
Zurich is the global hub of banking and finance and is the largest city in Switzerland. The city is extraordinarily beautiful with its ravishing restaurants and well maintained roads, architectural hotspots and popular tourist attractions. Due to large finance, insurance, pharmaceutical and Luxury goods businesses around the city, the wages get very high. The cost of other necessities like fuel, power and food are also high. Due to the Swiss Franc being more expensive than the US dollar, the cost of all the goods imported to the country become quite pricey which makes this city so expensive to live in.
2. Hong Kong, China
Hong Kong is the largest hub for imports and exports in Asia where multinational companies across China ship imports and export goods through the harbours of Hong Kong to the rest of the world. Hong Kong also enjoys great revenue on tourism with its historical monuments and temples that have been well maintained by the government of Hong Kong. The food in restaurants are incredibly unique and are in demand. All of this said, all of these facilities cost equally as much with rent being quite pricey and food markets costing a lot. Hong Kong is the most expensive city in China and the second most expensive city in the world
Singapore is an island off southern Malaysia which is an extremely attractive place with its highly disciplined rules and large businesses which makes it a prime hub for some of the biggest multinational business deals in the world. Singapore’s attracts both human resource and financial capital with most of the goods exported from countries that makes living in the city very expensive. The housing costs in Singapore can be very high even for an average sized flat. Singapore is also synonymous with food and has one the best quality food businesses in the world which also makes it very expensive as well. Cab fares and public transport facilities are also quite pricey and all these factors contribute to why Singapore is currently the most expensive city in the world to live in.
The growth and quality of life of a city depends on how people work together to make it more sustainable. With greater quality comes greater price. These cities are not only the most expensive but also some of the safest and best cities to live in.