Most expensive cities in the world 2019

Most expensive cities in the world 2019

In the current age where there are many job opportunities abroad, the world has a myriad of destinations that can be prospective offices. For this reason, you must know the country you are destined for if you are to have an easy time in your new location. Make sure that you know the most expensive cities in the world 2019 before starting life in a new place or before choosing a tourist destination.

Most expensive cities in the world 2019

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Different rankings done on the most expensive cities in the world show how currency shifts and fluctuations in the prices of services and goods can affect the purchasing power of expat workers. The cost of living in different towns is determined by a number of factors such as:

  • Housing
  • Food
  • Utilities
  • Footwear and clothing
  • Personal care
  • Entertainment and recreation
  • Domestic supplies
  • Transportation
  • Alcohol and tobacco

Top 10 most expensive cities in the world 2019

most expensive cities in the world full list

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Source: UGC

Hong Kong tops the list of top 20 most expensive cities in the world for individuals working abroad. Hong Kong has dominated the first position for two consecutive years.

Hong Kong is particularly the most expensive when it comes to housing. The median price of a home in Hong Kong is HK $229,244, equivalent to US $29,203 per square meter. The average monthly rental price is HK $29,342 (US $3,737) for two-bedroom apartments, and the average salary is HK $374,569 (US $47,742). Hong Kong has been the least affordable city for housing worldwide for eight years.

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Most of the top 10 highly-priced cities in the world are situated in Asia. Below is a list of the top ten costliest cities on the globe in 2019:

  1. Hong Kong (China)
  2. Tokyo (Japan)
  3. Singapore
  4. Seoul (South Korea)
  5. Zurich (Switzerland)
  6. Shanghai (China)
  7. Ashgabat (Turkmenistan)
  8. Beijing (China)
  9. New York City (USA)
  10. Shenzhen (China)

The most expensive city in the US

most expensive cities in the world to visit

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New York City is the most expensive city in the United States. This city boasts of a population of above 8.3 million and is among the top 10 world’s expensive cities. The cost of living in this region is 120% more than the nationwide average. The average price of homes in New York is around $501,000 as compared to the $181,000 national average price. Everything in the city costs more, from public transportation to groceries. The unemployment rate in New York is much lower than the country’s average of 4.3%.

It is not surprising that California cities top the list of the priciest cities of America. The towns usually provide a myriad of employment opportunities alongside loads of entertainment, culture dining, and sports.

Below is a list of the costliest cities within the United States according to rank:

  • New York City
  • San Francisco, California
  • Honolulu, Hawaii
  • Boston, Massachusetts
  • Washington, D.C.
  • Oakland, California
  • San Jose, California
  • San Diego, California
  • Los Angeles, California
  • Miami, Florida

If you intend to move or visit another city, it is advisable to do lots of research. You need to know how much it will cost you to rent or purchase a home, pay for groceries, buy clothing and other items while visiting that city. You need to know if the cash you have set aside will be enough to cater for your stay in the city. The above list of the most expensive cities in the world will come in handy to any travellers or people intending to change locations.

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Source: Legit.ng

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