According to a survey by “The Economist” magazine the cost of living has gone up around the world, not least because of the COVID-19 pandemic. This year, Tel Aviv has surpassed Paris as the most expensive city.
TOP 10 MOST EXPENSIVE CITIES IN THE WORLD
1.TEL AVIV (ISRAEL)
The most expensive city in the world in 2022 is Tel Aviv. Legal employment in Israel today is in great demand among foreigners from the former Soviet Union. One of the most popular destinations is the large city of Tel Aviv, located on the Mediterranean coast. The most important economic and cultural center of the country. Potential immigrants should note that living in Tel Aviv today is very expensive. In particular, this applies to rental property. Even the most modest room without many amenities will cost at least 900 euros per month.
The most expensive city in the world in 2022 is Paris. One of the most beautiful megacities in the world and very expensive place for permanent residence. Prices for rental property in the world capital of fashion start from 1,000 euros per month, so a large number of Frenchmen prefer to work in Paris, and rent apartments on the outskirts or in neighboring cities. Food and services here are also very expensive. Note that France is the most visited country in the world, which last year alone was visited by up to 90 million tourists.
Singapore has been the most expensive city in the world for the past few years. This small city-state located on islands in southeast Asia is considered one of the most developed and prosperous on the planet. Thousands of migrant workers from different countries tend to find jobs in Singapore, so it is not surprising that with a population of just over 5.9 million people in the city do business or engaged in professional activities more than 1.3 million foreigners. Renting a modest apartment here costs at least 1,300-1,800 euros per month.
Switzerland is the richest country in Europe after Luxembourg. Of course, the high standard of living and strong economy is very attractive, but in most local cities real estate is so expensive that even wealthy Europeans can not afford to live permanently in such settlements. First of all, we are talking about Zurich. This is a very comfortable and beautiful city, which many people call the financial capital of the world. An official job in Zurich brings an average of 6 thousand euros a month, while renting a room costs at least 1,400 euros.
5.HONG KONG (HONG KONG/CHINA)
Hong Kong is considered the economic leader of China, as well as one of the largest financial, logistics and trade centers in the world. A huge number of international companies operates here and constantly attracts foreign investment. The city has a very high standard of life, quality infrastructure and almost no crime. Millions of tourists can enjoy a colorful cuisine and look at historical monuments and temples. However, the prices of food, goods and services, especially real estate, in Hong Kong are exorbitant. For example, renting a small studio apartment costs about 1,700 Euros per month.
6. NEW YORK CITY (USA)
The ranking of the top 10 most expensive cities in the world in 2022 are two settlements located outside of Europe and Asia, namely in the U.S.. In particular, New York. One of the richest cities in the world and the most populous, dynamic and developed megacities not only in the U.S., but also in the world with a large economy and excellent infrastructure. There’s an impressive amount of all-night bars, restaurants, and other entertainment venues. All kinds of festivals and sporting events are held there. Bored in this city will not be, but live here all the time is very expensive. Rent a studio in the center is about $3,000 per month.
The ranking of the 10 most expensive cities in the world includes two major Swiss population centers. In addition to Zurich, Geneva is represented here. It is an excellent place to live with many museums, parks and magnificent views of the Alps. Let’s just say that the rent of real estate in the city exceeds 2,000 euros per month. Therefore, about 27% of the French, who work permanently in Geneva, return home to France every day. The high cost of living is partly compensated by decent wages, quality public services, medical and educational system.
Many experts call Copenhagen one of the best cities to live in the world. It is a very clean and safe community, the economic and political center of the Kingdom of Denmark. The country as a whole has a high standard of living, but directly in the capital wages are often higher than in many other regions. Work in Copenhagen guarantees a qualified specialist an average of 5,800 euros per month. However, taxes here are also impressive. In addition, the real estate market is overloaded. Find a room in a normal area for less than 900-1,000 euros is virtually unrealistic.
9.LOS ANGELES (USA)
Los Angeles is one of the world’s leading centers of entertainment, tourism, science, education, information technology, and medicine. Largest economic and cultural center in USA. A job in Los Angeles provides an average income of $5,000 a month, but life in this metropolis is also very expensive. For example, real estate prices are 15 to 20 percent higher than the national average.
Japan in the list of the most expensive cities in the world is a major port metropolis – Osaka. However, until recently this locality was not included in the top ten ranking. The commercial, shipping and industrial center of western Japan. The second largest city in the country with a population of more than 10 million people. At an average salary in Japan about 2,600 euros per month, renting a one-room apartment in the center of Osaka costs about 600 euros.
The cheapest cities on the planet in 2022 are Damascus (Syria), Tripoli (Libya), Tashkent (Uzbekistan), Tunis (Tunisia) and Almaty (Kazakhstan). According to the publication EIU, Moscow in the ranking of the most expensive cities on the planet is on 96th place. Kiev, the capital of Ukraine, is ranked 88th.