Most Expensive Cities – Paris, Lagos, Zürich, Geneva, Basel, Bern, Tel-Aviv New York City and Singapore all dropped off the top 8 list, and almost every other major Eurozone city did as well. That’s a result of the Euro performing poorly against the US dollar and British pound last year.
Of course, the rankings can be affected by external factors as well, such as the conflict in Ukraine and sanctions against Russia. As a result, St Petersburg, Russia, slipped from its top spot to the 150th spot. One notable exception was Geneva, Switzerland, which was third on the list.
Lagos
Lagos is the commercial center of Nigeria and one of the most expensive cities in the world. The city has a population of 22 million. The Mercer consultancy firm recently conducted a study to determine the cost of living in 209 cities across the world.
Lagos came out on top, with the cost per m2 of $2,056, and Kampala came in second. However, the prices on Lagos island have spiked over the last six months, and it may be difficult for the city to hold onto its title.
The city has a vast road network and a rail network. However, due to the rapidly increasing population, highways and bridges are often congested. Public transportation is provided by the Lagos Metropolitan Area Transport Authority. The city’s bus network is extensive, and most buses are air-conditioned.
Lagos is also a cultural center with a number of festivals and events each year. These events differ in their offerings and may be held in different months of the year. There is the Festac Food Fair in Festac Town, the Eyo Festival, and the Lagos Carnival. The city is also home to the annual Lagos Jazz Series, a highly acclaimed live music franchise that takes place at top outdoor venues throughout the city.
Zürich
The Economist Intelligence Unit (EIU) recently ranked the most expensive cities around the world. High oil prices and inflation impacted the cities’ rankings. Despite the rising costs, the Swiss capital remained relatively cheap, at least when compared to other European cities. The report also cited the influence of taxes and subsidies.
The high cost of living in Zurich can be explained by its efficient public services and high wages. Throughout history, the city has drawn people from across Switzerland and the world. Its location is also close to the famous Swiss Alps, making it a popular destination for tourists.
Another cosmopolitan city in Switzerland is Lausanne. It is a popular student town and hosts the Olympic headquarters. It is also home to a beautiful lake where locals practice windsurfing.
Although salaries in Zurich are some of the highest in the world, they depend on education and the position you hold within the company. As a rule, the average monthly net salary in Zurich is around 6,440 Swiss francs. This is not the highest amount, but it is enough to cover the basics. The most expensive expenses in Zurich are groceries, rent, clothing, entertainment, and health insurance.
Geneva
According to the Economist Intelligence Unit, the cost of living in Geneva and Zurich will rise by an average of 3.5% by 2021, making it one of the most expensive cities in the world. The survey looked at household costs, personal care and recreation and entertainment costs. If beer were an item, then Oslo would be the most expensive city in the world.
According to a study by Deutsche Bank, the price of beer in Oslo is the highest in the world. Zurich and Geneva are the most expensive cities in Europe, and three cities in Switzerland rank among the top five most expensive in the world.
The cost of living in Geneva and Zurich is very high compared to other European cities, but it’s still not as expensive as many other places. Food, utilities, healthcare, clothing, entertainment, and entertainment are all very expensive. In fact, Geneva has the world’s most expensive cinema.
In addition, the price of a boneless skinless chicken breast in Geneva is the highest in the world. However, the cost of transportation and electronics is relatively comparable to other European cities. In countries such as France, owning a car is expensive.
Basel
Switzerland’s Basel is one of the most expensive cities in the world. The city is located on the Rhine River and is close to the border with Germany and France. It’s also home to the largest art fair in the world, which happens every June. Average monthly expenses in Basel are around $3,500. In addition to its prestigious art scene, Basel offers a unique combination of modern architecture and historical buildings.
Basel is the third-most-populous city in Switzerland. It’s known for its architecture and popular art scene, and hosts an international art exhibition each year. While Basel is not the actual capital, Bern is considered to be the de facto capital of the country, and has beautiful, scenic views.
It is also the seat of the federal government. Tel Aviv, on the coast of Israel, is another popular city for vacationers. This coastal city is known for its Bauhaus-style architecture and nightlife.
Switzerland’s other top-ranking cities are Geneva, Zurich, and Basel. However, the costs of living in these cities are made up by the rewarding contracts and high quality of life. The same is true for Vancouver, Copenhagen, and Vienna.
Bern
Despite being a small town, Bern is one of the world’s most expensive cities. The country’s capital is a UNESCO World Heritage Site, and a four-room apartment can run upwards of $2,000 per month. In contrast, rural areas in Switzerland are considerably cheaper than the capital.
Swiss citizens pay on average 168 francs for a basket of consumer goods, compared to just over 100 euros in the EU.
Prices are much higher for some services, such as annual health insurance premiums, housing, and public transportation. The high prices are due to a number of factors, including lack of competition and protectionist policies.
The canton of Thurgau is located on the German border. The area has a beautiful Alpine climate and charming timbered housing.
While its capital Frauenfeld is relatively affordable, an apartment in the city center costs between CHF 410 and CHF 1,223,600. The monthly cost of utilities for a two-bedroom apartment is about CHF 123/month.
Tel-Aviv
A recent study by the Economist Intelligence Unit reveals that Tel-Aviv is one of the most costly cities in the world. The strong shekel and rising prices have pushed the city to the top spot.
Last year, Paris was the most expensive city in the world, but the Parisian capital is now on par with Tel-Aviv. The ranking is based on prices of 200 products in 173 cities around the world. Prices in each city are benchmarked against those in New York City.
In the city, the cost of one out of every ten goods increased by 2021. Grocery items, alcohol, household goods, and cars rose significantly. The cost of a glass of wine in a restaurant is rarely under $10. The average price of an apartment in Tel-Aviv now exceeds $1.1 million. Transportation costs rose 21% by 2021.
The increase in prices was mainly due to the strengthening of the Israeli shekel compared to the US dollar. However, other factors also played a part. During the past year, prices in Tel-Aviv increased by 2.2%. Moreover, Tel-Aviv was ranked as the most expensive city for alcohol and transportation. However, prices in the city were still lower than in many other cities.
New York City
The cost of living in New York City is unrivaled in the United States. The city’s booming economy and high employment rates are contributing to the high cost of living. However, the city is also home to 1.5 million people who live in poverty. For these reasons, it is necessary to understand why living costs in New York City are so high.
Queens has some of the most expensive neighborhoods, including Ditmars Steinway and Todt Hill, which have a median sales price of $1,150,000 and $1,170,000, respectively. In Manhattan, the price of homes averaged $1,160,000, while the prices in Staten Island are slightly lower.
The cost of living in New York City is largely determined by where you live and the type of property you buy. This can make a huge difference to your budget. It’s important to know how much your new home will cost, as the cost of living in New York City is higher than the national average.
Singapore
Singapore is one of the most expensive cities in the world, according to a recent study by the Economist Intelligence Unit. The city is ranked as the most expensive in Asia, followed by Hong Kong, Geneva, and Copenhagen.
New York City ranks ninth. The report compares the prices of over 200 goods and services, and the report includes costs of private schools, domestic help, and recreational activities.
Most expats in Singapore live in privately-owned condominiums, which can be pricey. A three-bedroom apartment in the River Valley neighborhood can cost upwards of SGD7,000 a month. On the other hand, about 80% of Singaporeans live in public housing blocks, known as HDBs.
According to the latest study, Hong Kong is still the most expensive city in the world. This is despite the fact that a third of the population is foreign, and the government is trying to reduce the number of in-bound workers.
Nevertheless, foreigners continue to rank Singapore highly among other cities. Other cities in the world have also increased and decreased in rank this year, depending on the foreign exchange market.
While New York has dropped from its top ranking as the US dollar has depreciated, London has slipped by 18 places this year as a result of the weakening pound.
