Everyone wants to live the luxurious life whether in their home country or moving out of the state, it can get really expensive. No matter where you choose to live, you’re probably going to pay an arm and a leg for some basic necessities. The good news is, in many cities you can get a lot of bang for your buck, but for the most expensive cities in the world, you’ll need to break the bank to get the same life style.
Here we will present a list of the most expensive cities in the world based on various factors such as rent, food, transportation and other living costs to help you make an informed decision when choosing where to live.
Most Expensive US Cities to Live In
- New York City, New York
As the most populous city in the United States, New York City is known for its iconic skyscrapers, world-class shopping, and one-of-a-kind culture. However, New York tends to be quite expensive. The average rent for a one bedroom apartment is $3,100/month, making it one of the most expensive cities in the US to live in.
- San Francisco, California
San Francisco, or “The City by the Bay,” is known for its liberal culture, stunning views, and of course, high cost of living. The city’s average rent for a one bedroom apartment is $3,300/month and over the last 5 years, the real estate market has experienced significant price increases.
- Los Angeles, California
LA is known for its movie stars, beautiful beaches, and high prices. The average rent for a one bedroom apartment is $2,200/month and due to the city’s high demand, housing prices are increasing. LA’s popular areas such as Hollywood, Beverly Hills, and Santa Monica, tend to be even more expensive.
- Boston, Massachusetts
Boston is known for its New England charm, rich history, and prestigious universities. Although the city is home to some of the world’s most elite organizations, the cost of living is still incredibly high. The average rent for a one bedroom apartment is $2,100/month and that cost is steadily increasing.
- Washington, D.C.
The nation’s capital is known for its vast network of national monuments and landmarks. Washington, D.C. also tends to be very expensive. The average rent for a one bedroom apartment is $2,100/month and the city also demands a high median income.
Most Expensive International Cities to Live In
- Hong Kong, China
The bustling metropolis of Hong Kong has long been one of the most expensive cities to live in. It is one of the most densely populated cities in the world and has some of the highest real estate prices. The average rent for a one bedroom apartment is $2,800/month and the cost of living is only getting more expensive.
- Singapore, Southeast Asia
For those looking to move abroad, Singapore is a great city with a high quality of living and high incomes. However, it is also one of the most expensive cities to live in. The average rent for a one bedroom apartment is around $2,100/month and the cost of living is steadily increasing.
- Zurich, Switzerland
Zurich is renowned for its stunning scenery, lush green mountains, and rich banking culture. Despite its natural beauty, the city is incredibly expensive. The average rent for a one bedroom apartment is $2,400/month and the cost of living is only going up.
- Geneva, Switzerland
Geneva is considered one of the most expensive cities in the world and is well known for its luxurious lifestyle. The average rent for a one bedroom apartment is $2,000/month and the cost of living is among the highest in the world.
- Tokyo, Japan
Japan’s capital is renowned for its bustling streets, vibrant nightlife, and robot restaurants. The cost of living in Tokyo is also incredibly high. The average rent for a one bedroom apartment is $2,500/month and the cost of living is steadily increasing each year.
Living in one of the world’s most expensive cities can be both an incredible experience and a massive financial burden. There are fantastic opportunities in these cities that can not be found in many other places in the world, but it comes with a price. The cost of living in these cities can be terrifying and with the ever-growing real estate market, it won’t get any cheaper. Before making the decision to move to one of these cities, make sure to consider all the financial costs and ramifications beforehand.
