Sunday, January 17, 2016

The Top 10 Most Expensive Cities in The World

Ship, Hainan, China, SkylineI've been following Ryan Biddulphs blog recently in which he shares his adventures as he travels the world.  His latest post made me wonder which cities are the most expensive to live in.

As with any list, the top 10 or 11 change as one city slips and another gains.  In addition, there are several different lists based on different criteria such as cost of luxury apartments, over all costs or other things.

Business Insider created their list based on the Economist Intelligence Units biannual report on cost of living.  Yes, many places on their list appear on other lists but this report seems to look at the overall picture as they look at 400 different costs rather than just a specific segment.

1.  Singapore.
2. Paris, France.
3. Oslo, Norway.
4. Zurich, Switzerland.
5. Sydney, Australia.
6. Melbourne Australia.
7. Geneva, Switzerland.
8. Copenhagen, Denmark.
9.  Hong Kong.
10. Seoul, South Korea.

I had an idea that Paris was expensive due to watching one of those International House Hunters type shows but I didn't realize it topped out at number 2.  A friend moved to Denmark a few years ago and mentioned trying to get a certain type of apartment because it was essentially rent controlled.

Although, the United States didn't make this list, they did make the list on the top 10 luxury property with Los Angeles, California and New York City, New York.  Shanghai, China made the same luxury list, Moscow, Russia made the most expensive list

In the scheme of things, I doubt I'd ever get a chance to live in any of the places.  I might visit a couple of them but right now I'm still trying to figure out how to buy the house I want that is about $100,000 more than what I can easily afford.  Oh well, who knows what the future will bring.


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