Most Expensive Cities in the World to Live or Work in!

Most expensive cities in the world are the cities that we are going to introduce in this article to you. So, read ahead if you are also about to know which parts of the globe are the world’s most expensive cities to live or work in!

 

Most expensive cities in the world’s list is what we are going to discuss in today’s article. The mentioned question might have passed from your mind. Everyone has wondered once about what are the most expensive cities to live in around the world in 2022?

That’s actually one of the most interesting questions that can raise curiosity possibly in every individual. If you have any plans to immigrate yourself, it will critical for you to answer this question, and if you are just curious, again it’s fine, as it is a good question of all time.

While the question can come to everyone’s mind easily, it seems very hard to answer. Furthermore, the answer to this question is varied year by year, as it is subject to circumstances that are dominant all over the globe.

Keeping the above significant facts in mind, we made the most updated list of the world’s most expensive cities for you today. So, let’s not give you more waiting and dive into the list.

Most Expensive Cities in the World

Most Expensive Cities in the World

The research that we are extracting information from in today’s paper, was out some days ago. So you can trust it the most, as it will provide you with the most expensive cities of 2022 to live or work in.

While we are going to introduce each of the cities from the most expensive ones’ list in detail, but here prior to diving into the list itself, we intend to make you familiar with the way and how we have come to this conclusion and why the following cities are considered the most expensive ones.

World’s Most Expensive Cities in 2022

Based on the costs of each city, we can rank them in the following order:

  • Ashgabat (the most expensive city in the world)
  • Hong Kong
  • Beirut
  • Tokyo
  • Zurich
  • Shanghai
  • Singapore
  • Geneva
  • Beijing
  • Bern

All of the information in this article in regard to the most expensive cities in the world as gathered by the Mercer institution research. The institution’s researches were out a few days ago. It indicates that Ashgabat, the Turkmenistan capital, is the most expensive place in the world.

This city has also outpaced Hong Kong, one of the giants, in this regard. As per the Mercer institution paper, Beirut, which was ranked 45th in the former year, this year is the 3rd most expensive city in the world. The reasons for such an increase in ranks are the Covid-19 crisis, the deep Lebanon economic crisis, and the fearsome explosion last year in Beirut’s harbor.

Jean-Philippe Sarah, Mercer’s head of the Immigrant Employment Department at the Polling Institute, as per the France news agency, talked about the Ashgabat improvement from the 2nd rank last year to the 1st rank this year. She named “severe inflation in Turkmenistan” as the reason for this improvement in the current year.

The Most Expensive Cities to Live in Around the World

Most Expensive Cities in the World

Turkmenistan is strongly dependent on natural gas export revenues. Under the influence of the considerable energy value declaration since 2014, the manat, the nation’s money, lost a significant proportion of its value.

That made a major group of people poor. Despite the deep economic crisis of the nation, the government launched the ambitious Ashgabat city expansion plan since the current year’s May. That’s one of the reasons why Ashgabat has the first rank in the most expensive cities in the world list.

Qurban Qoli Berdimuhamedow, the authoritarian president of Turkmenistan, has promised to make Ashgabat one of the “Richest and Happiest Cities of the world.” In this year’s probe, Hong Kong has declared to 2nd rank from the 1st rank, in which housing costs are staggering.

On the other hand, Tokyo also declared from the 3rd rank to the 4th rank. Zurich, Geneva, and Bern, three Swiss cities, are among the ten first ranks on our list. Swiss has the most share of the most expensive cities in the world.

Two cities in China are among the most expensive cities to live in around the world as well. Shanghai is ranked 6th and Beijing 9th in the current year. Singapore is additionally another city, which is ranked 7th on our list.

Most Expensive Cities in the World

As per the results of the Mercer institution investigation, due to the fluctuation in the value of the dollar and the inflation, the American cities’ ranks have also decreased compared to the last year.

New York, which is the most expensive city in America, has declined eight ranks and is ranked 14th currently. In addition to the most expensive cities in the world to live in, the Mercer institution has introduced the cheapest city in the world likewise.

This city is Bishkek, the Kyrgyzstan capital, which has the lowest costs to live and work in for now. Well, now you are familiar with the list of the most expensive cities and know how we have come to such conclusions. In the following, we will talk about each city a little bit to give you more insights into them.

Ashgabat; the Most Expensive City in the World!

Most Expensive Cities in the World

Ashgabat is the capital of Turkmenistan. The city is located in Hot Coupe mountain within the Qaraqom desert. It is near the county’s border with Iran. The city was ranked 111th in 2018, and now it is the most expensive city on the list!

Turkmenistan’s capital is mostly known for its expensive and splendid architecture. Furthermore, it has the universal record for “the densest buildings with white marble view” by having more than 500 instances of them.

While it is also known as the “dead city,” as most of its streets are empty, it is the first city of the most expensive cities in the world as well. Hearing such a fact may be surprising, however, if you were familiar with the economic crisis of this country, you would predict such a thing to happen one day.

Hong Kong; the 2nd Most Expensive City in the World!

Most Expensive Cities in the World

Hong Kong is a city in the south of China, which is placed in the free zone of this country. The city is one of the most powerful economies on the Asia continent and was one of England’s colonies until 1997.

However, it is now a part of China. The living costs are more suitable compared to Europe and England countries and we can say the living costs in Hong Kong are mostly related to residence and housing.

Beirut; 3rd Expensive City of the Globe!

Most Expensive Cities in the World

Beirut, the biggest city of Lebanon, as well as its capital, is one of the prominent ports of the east of the Mediterranean Sea. This city, which is one of the most expensive cities in the world, is located on a peninsula from the foothills of Lebanon.

This city is known as one of the significant cultural centers of the east of the Arab world. It’s an old and ancient city whose name is referred to even in tablets of old times. Beirut has so many tourist attractions, such as pigeon’s rocks, Roman baths, the national Beirut museum, Police de Martires, diving in the sea, the art center of Beirut, and flying with the balloon in the Beirut sky.

Tokyo; the 4th Most Expensive City All Over the Globe!

Most Expensive Cities in the World

Tokyo, under the official title of Tokyo Metropolis, is Japan’s capital. The cost of living in Japan is subject to different factors, including the annual inflation rate, individual’s lifestyle, the city in which they are inhabiting, and so many more.

To get right into the point, as per the 2022 statistics, the fact is that the average living costs in Japan is nearly $1,403, and Tokyo is the most expensive city in Japan with an average living cost of $2,080. The city of Tokyo is a place where the most active and hardworking people live in. That’s why its economy is referred to as the best third economy in the world with a GDP of about 5.37 trillion dollars in 2022.

Zurich; 5th Most Expensive City in the World!

Most Expensive Cities in the World

Zurich is one of the best and most expensive cities in the world to live and work in. It’s like the heaven inside Europe and undoubtedly one of the most beautiful cities in Swiss. It is still known as the economic hob, as well as the cultural center of the country.

This important and beautiful city of Swiss now has become the economic hob of the nation. It features lots of well-known banks. The mentioned city was successful in reaching the best-quality city of the world title in terms of life value. Zurich is the biggest city in Swiss and has the highest population in the nation. It has been known as the most expensive city in the whole world since about 7 years ago.

Shanghai; the 6th Most Expensive City in the World!

Most Expensive Cities in the World

Shanghai is a city in China with a 24 million population. It was considered the most populated city in the world in 2020-2021. It’s rather an economics center in the globe, which port is one of the busiest container ports of the globe.

The city is one of significant China’s ports. It is a giant city and full of population. Shanghai is the connector between China and the world abroad. It is also referred to as the forest of skyscrapers. Now you can easily understand why it is one of the most expensive cities in the world to live in.

Singapore; the 7th Most Expensive City on Our List!

Most Expensive Cities in the World

Singapore is one of the small cities of Asia southeast, which capital is also named Singapore. This expensive city is advanced a lot in terms of economics. From the attractiveness of this city, we can name the celebrations which are held in regard to traditional Eids and special days.

Nowadays, the city became a great idol for the nations in the progress of development, due to the existence of an effective government, which could give it a priority in terms of tourism and commerce.

Geneva; Our List’s 8th Most Expensive City!

Most Expensive Cities in the World

Geneva is one of the most populated cities in Swiss. As you may be familiar with this city, Geneva is a host of most of the international foundations in the world. The primary language of its people is French, then English, Spanish and Italian at the following.

This city is considered one of the most expensive cities in the world as well. The weather in this city is also mild and humid due to being close to the sea. Moreover, Geneva features so many attractive sightseeing, great restaurants, and so on.

Bern; the 9th Most Expensive Place in the World!

Most Expensive Cities in the World

Bern is one of the other most expensive cities in the world as well, which is also the bear symbol of the globe. Life costs in Bern include food, clothes, housing, transportation, and so more costs.

It is the capital of Swiss, as well as one of the most populated cities in the nation. In terms of population ranking, Bern has the 5th rank. The spectacular city is surrounded in three ways by the Aare River. For the ones who love medieval vibes, Geneva is a dreamy place to visit or live, as a part of this city is completely old and features medieval attributes.

‌‌Beijing; the Last Expensive City on Our List!

Most Expensive Cities in the World

The 3000 years old city of Beijing is the second most populated city in the whole world as well as one of the most popular destinations for all tourists. The antiquity of Beijing, which is also the capital of China, is more than 3000 years ago.

The city was the capital of China for most of the eras within the 8 recent decades. There are a few cities in the world, which remain the political and cultural center of their country for such a long time. In addition, that’s the reason why you can find so many historical works in Beijing as well.

Final Thoughts

Most expensive cities in the world to live in, are not the most suitable places to choose but are the most interesting ones to know about! In the above paper, we have discussed the most expensive cities in the world in the current year.

The present article is based on recent and updated research by a famous research institution. Hence, if you are also interested to know which countries and cities of the world are the most expensive ones, you’d better not miss today’s article!

 

Sources:

wikigeram

emigrationplus

wikipedia

emigrationplus

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