Today, in this new article we will know about the top 10 expensive cities in the world. There are many expensive cities in the world, but we choose only top 10 cities due to their stats so we hope you will get some good ideas from this article.
City living has lots of perks — job opportunities, good food, theater, and straightforward access to world-renowned museums — but it comes at a price. within the world’s biggest and best cities, rent tends to be high, restaurants can charge top dollar, and a $20 cocktail is that the norm.
If you have been feeling the pinch in 2021, that’s because the price of living for city dwellers has seen its most dramatic increase in five years, per data released by the Economist Intelligence Unit (EIU). And, consistent with the team’s economists, it’s going to still rise in 2022
Pandemic problems
The EIU reports that, on average, prices for the goods and services covered by the index have risen by 3.5% year on year in local-currency terms, compared with an increase of just 1.9% this time last year.
Those much-reported global supply-chain problems have contributed to price rises and the Covid-19 pandemic and social restrictions are still affecting production and trade around the world. With a new coronavirus variant currently causing widespread alarm, these issues won’t be going away in a hurry. Rising oil prices drove a 21% increase in the price of unleaded petrol, reports the EIU, but there were also big price hikes in the recreation, tobacco, and personal care categories
World’s most expensive cities to live in 2022:
| Positions | Name of the city |
| 1 | Tel Aviv Israel |
| 2 | Paris, France |
| 3 | Singapore |
| 4 | Zurich, Switzerland |
| 5 | Hong Kong |
| 6 | New York City |
| 7 | Geneva, Switzerland |
| 8 | Copenhagen, Denmark |
| 9 | Los Angles, California |
| 10 | Osaka, Japan |
- Tel Aviv, Israel
Tel Aviv, the capital of Israel is that the world’s costliest city to measure in. Compared to last year metropolis has jumped 4 places this year because of the exceptional strength of the national currency, the shekel, and therefore the rise in prices for transport and groceries. Tel Aviv-Jaffa is that the economic and technological center of the country having a population of over 460,000.
2. Paris, France
Paris, the capital of France has lost its much-loved rank last year and slipped to second place within the list of the world’s most costly cities. Paris is France’s most populous city with an estimated population size of $2.1 million. Paris is thought for its museums likewise as architectural landmarks.
3. Singapore
Singapore is ranked at joint second within the list this year together with Paris. The home-ownership rate during this city is around 91% and it ranks high in various important key social indicators like education, healthcare, quality of life, and private safety.
4. Zurich Switzerland
Zurich takes the fourth spot within the list of the foremost expensive cities within the world. it’s the financial capital of Switzerland that’s home to international organizations just like the WTO, the WHO, the ILO, the headquarters of FIFA, the UN’s second-largest office, and therefore the Bank for International Settlements.
5.Hong Kong
Hong Kong may be a special administrative region of China that consistently appears each year on the list of the world’s costliest cities to measure in. it’s one in all the foremost densely populated places on planet earth. This year it featured in fifth place as prices of clothing and private care decreased.
6. New York
The financial & cultural capital of the globe also called as capital of the globe; big apple City ranks 6th on our list. With headquarters of varied MNC’s & two of the world’s largest stock exchanges, town is financially overpowered. Not only the govt. policies but the geographical location is in favor of NYC making it one among the most important natural harbor’s within the world.
7. Geneva, Switzerland
Geneva could be a port city located within the western a part of Switzerland. Geneva isn’t only a worldwide city in terms of finance but also in diplomacy. Organizations just like the world organization & NGO have their bureaus in Geneva. the gut of Switzerland ranks 7th on the list of the foremost expensive cities.
8. Copenhagen, Denmark
Copenhagen is that the capital city of Denmark & ranks 8th on the list of the world’s costliest cities. The culture of town could be a mixture of the heritage of Vikings & the art of the Renaissance. one among the foremost developed cities of geographic area, Copenhagen has successfully made its spot within the list of the foremost expensive cities.
9. Los Angles, California
Los Angeles ranks 9th on the list of the world’s costliest cities to measure in 2021. L.A is that the home of the richest industry, Hollywood. the town isn’t only known for its culture & climate but is additionally the busiest container port within the US.
10. Osaka Japan
Osaka may be a port city located within the Kansai region of Honshu in Japan. it’s the 2nd largest metropolitan area in Japan. Not only today but also traditionally, Osaka was the financial hub of Japan. Various MNC’s including Panasonic have their origins in Osaka.
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