Cities are part of the attractions that drive the tourism sector of every country. While they are quite sought after because of their relative advanced development, their cost of living could be quite high.
Thanks to remote working that was fueled by the pandemic, some people may now have the options to decide where to live and work jobs they may have travelled to the city for.
In this report, Legit.ng will be looking at the top six expensive cities to live in.
1. Tel Aviv
According to a BBC report, the city has been named the most pricey place to live going by the cost of goods and services in dollars.
Do you have a groundbreaking story you would like us to publish? Please reach us through firstname.lastname@example.org!
The media gathered that it would be the first time an Israeli city would be topping the ranking. While the cost of goods could be rising in other countries, the situation in Tel Aviv has been connected to the rising value of the Israeli currency.
2. Paris and Singapore
These two cities are in a tie for the second most expensive cities. Paris which is the capital of France is sited along the Siene River according to Britannica. The city has been a destination for tourists for ages.
Singapore on the other hand is an independent island city-state in Asia. It should be noted that between 1965 and 1995, it had an annual growth rate of six per cent.
Zurich is known as the biggest city in Switzerland, no wonder it is expensive to live in. It is also the economic centre of the country.
According to a report by CityMayors in 2009, the city ranked 9th among the world’s 10 most powerful cities.
5. Hong Kong
Hong Kong is the administrative region of China and it became that in 1997. The city had a labour force of 3.9666 million as of 2019.
The city operates a six working day system. The city covers a total of 262 islands. And its total land area is given as 1,110.18 square metres.
6. New York
The history of cities is never complete without mentioning New York as it is the hub of the financial markets in America. It should be noted that about 800 languages are spoken in the city as it is the home of immigrants.
The city is home to business and commerce, finance, traditional and new media to mention a few. Most of the biggest American companies have their headquarters in the city.
Companies should consider other location options
As more cities may be becoming quite expensive for the average worker in some countries, it is perhaps important for companies to start looking for options in rural places with good roads. networks.
It's better to stay in your country
Meanwhile, Legit.ng earlier reported that a young Ghanaian lady by the name of Eva Yeboah was granted an interview on SVTV Africa on YouTube where she opened up about some of her regrets after moving to the UK.
In the video sighted by Legit.ng, Eva revealed that she would not have moved abroad if she had a job in Ghana that made it possible to save at least Ghc300 (N20,089.79).
She gave that response after the host, DJ Nyaami asked her if she would advise the youth in Ghana to migrate.