Living in a city is not about beauty and lushness. It has plenty of perks, including good opportunities, jobs, food, theatre, shopping malls, easy access to the best roads, museums, and everything that luxury can afford. However, it does not always come cheap – you will have a price to pay.
In these places where you can easily find the stuff that makes life worth living, you would have to pay more to afford them. For instance, it is a norm to find higher rents in cities. Buying food is not always cheap.
The expensive metros are found in the cities. Walking down to a cinema already demands something from your pocket.
We can never deny that the cost of living for city dwellers increases dramatically and may not have plans to come down. Over the years, we have seen these things happen; not that the price suddenly skyrockets.
Of course, some cities are more affordable than others. The cost of living in some of them can make you wonder how people survive.
Nevertheless, whatever price you pay to afford the luxuries may also be recouped from having good jobs and enjoying better living standards. Even the best versions of all the luxuries of life are found in the cities.
Again, in some parts of the world, the cost of living has tried to go down a bit, according to a report by the Economist Intelligence Unit. The survey discovered that currency weakness followed after the pandemic and has spread it across the world.
Thus, it contributed to lowering the cost of living in the cities located in Africa, America, Eastern Europe, and others. On the other hand, cities in Western Europe flew upwards.
Here, we want to look at the most expensive cities the world has ever produced and what makes them what they are. But before then, let us look at what to consider before moving to a new city.
What should you consider before moving to a new city?
Whether you have been offered a mouth-watery job some miles away from home or you have just set your mind to live there and enjoy a better view of life, what is more, important is that you are doing what you consider best for your life.
But then, you do not just pack your bag and set out on a journey. You’ve got to think about certain issues that may affect your citing your location there.
Here are the major things to think about before setting out to live somewhere with good perks:
1. Find out about the cost of living:
It is not just about living where you are heading, you have certain headaches to think about. While you may enjoy the many beautiful offers of the city, the cost of living may put a strain on your ability to enjoy that. Research about the cost of food, transportation, healthcare, and housing.
These are the basic elements you must deal with, whether you like it or not. Then, you must be realistic with your budget when you compare it with the price the city is offering you. You can have a rough estimate of what to expect when you have done so.
Then, you can decide whether to live there without any qualms, cut down on your expenses, or move elsewhere.
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2. What about job opportunities awaiting you?
Except someone is funding your luxury, you do not have any other option than to work. Remember you have piles of bills to attend to at the end of the month. If bills come when you don’t have money, believe it; you can develop emotional cramps.
So, you’ve got to have an idea of the kind of job the city dwellers do and how they fund their lifestyles. Find out if there are usually more job openings during a certain season of the year.
Would you be able to make pretty good connections? Except you already had a job offer, find out the length of time it can take you to get a good job.
3. Have you thought about the prospects of your future company?
If you are relocating with some jobs in mind, you need to find out if the industry is large enough and how the market grows. What do you stand to gain in the future, especially with your kind of skills?
For instance, when the pandemic happened, some jobs lost their relevance, and workers were trapped at home for what seemed like ages.
Even at that, several other jobs sprang up and stole the show, while taking the lead as most sought-after jobs.
Sometime later, some of the jobs have gone back to their origin, people who suffered hitches have come back to life and some never resurrected. You need to put these into consideration.
Ask yourself; is your job among those that may not stand the test of time? If you lose your job today, will you ever recover quickly?
4. You will need to make social and professional connections:
You need to take stock of the kind of people living in the new city and what they stand for. Would you like to be associated with that?
Aside from that, you need to form genuine connections with your friends, distant family, alumni connections, and more. These days, a simple post on social media can get you connected to the best of people there.
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Top 10 most expensive cities in the world to live in
Here are the top cities of the world you may need to make avid efforts to maintain your standards of living if you are living in any of them. However, they are in no special order.
This does not also mean that there are no cities more expensive than they are but they are our top ten, after making careful research.
1. Hong Kong:
Hong Kong is an urban area and special administrative region of the People’s Republic of China. It is highly developed and sees only the top members of the society living there.
You can find the highest number of skyscrapers in Hong Kong. You cannot talk about the most expensive cities in the world without mentioning Hong Kong.
The average cost of living per year – $3,900 to $6,500
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Singapore is one of the major characters in education, healthcare, personal safety, housing, and quality of life. Living in Singapore means you will enjoy one of the world’s longest life expectancies.
You will enjoy a speedy internet connection as well as other qualities that make you not look forward to leaving Singapore.
The average cost of living – $3000 – $6,500 per year
Another on our list of the most expensive cities in the world to live in is Paris. This is the capital city of France whose native language is French.
However, you can find virtually all classes of people from different language backgrounds here. This is due to its cultural diversity and open arms towards strangers.
Paris is famous for its exotic restaurants and haute cuisine. You can find every French regional cuisine here.
In short, you would not be surprised to find your native food in Paris because of the cultural backgrounds of the dwellers.
The average cost of living – $4000 per month
Visiting Switzerland, you have not seen historic sites if you have not visited its capital city. Zurich, as the capital city of Switzerland, is one of the world’s largest financial hubs.
Although the population is pretty small, Zurich has so many things that make it rich and inviting.
It is home to many financial institutions and banks. If you are looking for one of the most expensive cities in the world, you may have to visit Zurich.
Average cost of living – $1,681per month
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You cannot talk about moving to Japan without this city in the Kansai region of Japan. It is one of the major financial hubs of Japan. Osaka is home to multinational electronic corporations like Panasonic and Sharp.
It also has great landmarks like Osaka Castle, Sumiyashi, Taisha Grand Shrine.
The average cost of living – $1,574 per month
6. Tel Aviv:
Tel Aviv is an urban city in Israel. The country prides itself on it because it is the city hub and economic and technological offering.
If you enjoy parties, you would enjoy living in Tel Aviv. The nightlife in the city is bubbling, making it the life of the party.
The average cost of living – $2,199 per month
A global city, financial center, and worldwide center for diplomacy, Geneva has got various international organizations and that is a great achievement.
It is also the headquarters of many world-class agencies, especially the United Nations and Red Cross. This Switzerland city is one of the most expensive cities to live in.
The average cost of living – $1,444 per month
8. New York:
The United States is located in this great city with the highest population in the country. New York is diverse in culture, finance, and media, making it very easy to live here.
The highest number of billionaires live in New York, making it difficult for those who have nothing to offer the United States of America to live there.
The average cost of living – $4,706 per month
This is the capital city of Denmark. It is one of the key financial players in the world and offers the best for international students who wish to study in Denmark.
Northern Europe can never recount its story without adding Copenhagen.
The average cost of living – $1,200 per month
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10. Los Angeles.
Aside from New York, Los Angeles is the most populous city in the United States of America.
It has awesome weather and is ethnically diverse; the reason many people from different parts of the world visit the city for education, tourism, and many more.
Moreover, Hollywood and other top entertainment industries have their hub in Los Angeles.
You would not like to be told the many beautiful things Los Angeles has in stock for you as one of the most expensive cities in the world.
The average cost of living – $2,668 per month
Going through the list, you will discover that Asian cities dominate the list, with Hong Kong and Singapore earning the top two spots. New York is the only city in the United States to crack the top ten. However, none of them is a cheap city. If you must live in any of them, you must count the cost.
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