Many factors contribute to the cost of living in various countries, but it is now easier than ever for people to move across borders with globalization and increased trade. This can result in higher wages, better job opportunities, and college degrees.
Economist Intelligence Unit published the Most Expensive Cities In The World 2022; If you are looking to change the scenery or move up in the ranks of your career, then these are the top 10 most expensive cities for 2022!. Figuring out how to make the most money will be a crucial task for many in 2022. While people often wish to earn more money, usually they want to spend less.
The Most Expensive Cities In The World 2022
10. Osaka
The most expensive cities in the world and the most expensive cities in Asia are unsurprisingly in Japan. Osaka is number ten on the list of most expensive cities globally, with an average cost of living at $2,735. Osaka’s prices for rent and meals are about 1.4 to 3 times higher than Tokyo’s prices. Osaka has a cost of living index of 94.
9. Los Angeles
Los Angeles is the ninth most expensive in the world. In 2017, the average person in Los Angeles earned $61,129 a year and spent $33,232 on their housing. It has a cost of living index of 96 compared to the average index of 100 and ranks as one of the world’s most expensive cities. Food is also more costly than other US cities, with groceries costing an average of $30 per day.
8. Copenhagen
Copenhagen is ranked as the 8th most expensive city in the world. In addition, the Danish capital has risen to the top 10 list of the most expensive cities for the first time in 9 years in 2018. The cost of living in Copenhagen is now similar to that of Tokyo.
Many factors like property prices, transport, healthy eating habits and energy costs are responsible for Copenhagen’s sky-high pricing. Copenhagen has a cost of living score of 97.
7. Geneva
Geneva is the seventh most expensive city in the world. Factors including the housing market drive the city’s high cost of living; the total cost for essential items is also increased. Geneva is one of many European cities that have seen prices increase drastically in recent years because of an influx of wealthy residents and tourists. As a result, Geneva has a cost of living score of 99.
6. New York
New York is the sixth most expensive city globally for residents, according to a new report by Economist Intelligence Unit (EIU). In addition, new York City has risen the ranks of the most expensive cities globally, with New Yorkers now having to work two days extra to afford it. New York City has a cost of living score of 100.
5. Hong Kong
According to the Economist Intelligence Unit’s Worldwide Cost of Living report, Hong Kong is the fifth most expensive city globally. In addition, Hong Kong has ranked among the top six priciest cities since 1990. The Economist Intelligence Unit’s Worldwide Cost of the Living report found that Hong Kong is ranked as the fifth most expensive city globally with a cost of living score of 101.
4. Zurich
Zurich has become the fourth most expensive city in the world to live in, but while you might think that it is just another super expensive city, you need to know that Zurich is a city with a lot of character. Zurich cost of living score of 103.
3. Singapore
Singapore is the third most expensive city globally; according to the economist, living expenses in Singapore are higher than ever before. The analysis by UBS found that the monthly rent for an apartment was an average of $3,000, up from $2,700 last year. The Singapore cost of living score of 104.
2. Paris
Paris is the second most expensive city globally based on goods and services. Paris was also ranked tenth in the consumer price index (CPI). The cost of goods and services such as food, clothes, and transportation has increased by 10 percent over the past year—Paris’s cost of living score of 106.
1. Tel Aviv
The most expensive city in the world for 2022 is Tel Aviv; the cost of living index in Tel Aviv is at about 106. The price of goods and services in Tel Aviv is higher than that because of the difference in price levels.
The Most Expensive Cities In The World 2022
1. Tel Aviv
2. Paris
3. Singapore
4. Zurich
5. Hong Kong
6. New York
7. Geneva
8. Copenhagen
9. Los Angeles
10. Osaka
