When we compare cities around the world, we are going to realize each one has a list of pros and cons.
It often comes down to what you are looking for in a city before moving to it. However, one standard that is always going to be there will be the cost of living in a city.
Which cities are the most expensive to live in right now?
We find cities such as Singapore, Hong Kong, New York, and London to be the leaders when it comes to requiring a pretty penny to stay in. It’s not always easy for a person to find accommodations here and/or sustain their desired lifestyle.
Of course, there are reasons for these cities being as costly as they are.
You are going to want to take the time to learn more about these cities and then see how they fit with your requirements.
Most Expensive Cities In The World
When we are looking at the most expensive cities in the world, Singapore is going to be right at the top of the list.
It’s not affordable to live here.
You are going to see numerous advantages of staying in Singapore and there is no denying this. However, it is going to come at a cost.
You are going to have high living costs whether it is the food you are eating, fuel, or housing. Everything is expensive and it is going to add up quickly.
If you are looking at the general cost of a city, you will know Singapore is expensive.
It’s common for people to consider London an expensive city and rightly so.
This is a pricey city to live in as the real estate is quite expensive and you are going to need to maintain a high income to ensure you are meeting the expense requirements that pop up.
We find this to be important for those who want to ensure they are living in a safe place.
London is a multicultural hub and it is an economic powerhouse for the UK. As a result, you are going to like the idea of living in London.
While most people are going to wonder about the political nature of Hong Kong, there is no denying this is a cultural hub for people around the world.
It tends to welcome people from all over and it is quite an enjoyable place to stay in.
You are going to adore Hong Kong and all that it is about. For those who want to make sure they are getting more out of a place such as Hong Kong, you are going to have to spend money. This is where it starts to add up quickly.
The place is expensive whether it has to do with housing, medical fees, or your general expenses.
Shanghai is a beautiful city and it has everything you are going to expect from a cultural powerhouse.
We realize this is a place that is going to be on a person’s list as they are figuring out whether or not to move to China.
However, it is also going to be costly.
Living in Shanghai is going to come with a high price and it’s going to begin to add up as an expat. You will want to take the time to look at where you are staying because almost everything is expensive here.
When you are thinking about the best nations to live in, most people are going to wonder about the UAE.
Dubai is one of the premier places around the world and it tends to attract people of all ages. There is a sense of glamor associated with living in Dubai and rightly so.
Everything you touch is going to have a price and that also means you are going to rack up large bills for everything.
This is not ideal for those on a tighter budget.
Dubai is a place for those who want to spend and you will need to rein things in if you are not into this type of setup.
New York is one of those places where you are going to be mesmerized by how beautiful it is.
New York is a multicultural city and it is known as an economic powerhouse for the US. Since America is one of the biggest economies in the world, the role of New York and Wall Street cannot be underestimated.
When you move to New York, everything is going to appear to be costly.
It’s going to become difficult for a person to live in New York unless they are prepared for this type of lifestyle.
Most people thinking about living in the US are going to have one eye on the warmer states.
Yes, Miami is a beautiful city and it has great weather for most of the year. Even when it’s hot, you are not going to mind going to the beach with so many options around you.
While all of this is true, Miami is also expensive.
The closer you get to the downtown core, the more you are going to have to pay to stay here. This does add up for those who want to make sure they are living in a safe place.
This modern city is a wonderful place and it is commonly associated with wealth.
People that live here are going to have higher net worths, but that does not mean everything is wealthy. Taipei is a gorgeous place and has numerous attractions for you to see. Its Japanese-centric architecture is also appealing and it’s something you are going to adore.
Taipei has expensive housing and it is not ideal for those who are looking to spend a lot of money.
You will need to account for this before settling in.
Sao Paulo is a place that is all about great weather, fun-loving people, and a charming setup that’s going to impress you immediately.
We find Sao Paulo to be one of those places where you are going to enjoy your time here right away.
It’s intriguing, welcoming, and there is a sense of charm associated with Sao Paulo that does make it world-class. On the other hand, it is also quite expensive for a person to stay here and everything you are going to spend money on is going to be costly.
Canada has two expensive cities that tend to stand out more than the others.
These two cities are Vancouver and Toronto. We have run a comparison between these two cities and Toronto tends to be right up there with Vancouver.
We find this to be a costly city to live in but it’s also one of the most desirable regions of the world. It is a multicultural place, which allows people to settle in quickly regardless of where they are coming from.
This is ideal for those who want to settle in and feel confident in their quality of life.
Toronto is expensive but it’s also a fascinating place to live in.
When looking at the costliest cities in the world, these are the ones that stand out to us.
The amount of money you are going to need to sustain a good lifestyle in these cities is going to be much higher than in other places around the world.
We do recommend doing your research and seeing which cities are right for you. Narrow the list and always think about your budget along with other relevant elements of moving to a new city.
Feel free to also look at the best nations in terms of their quality of life.
Amanda Harper is a travel enthusiast with 10+ years of traveling experience across the planet. Her passion for writing and travel makes her a walking bibliography on modern-day tourism.