Top 5 Most Expensive Cities In The World

Here is a blog to guide you on the 5 most expensive cities in the world.

Ever cried out loud looking at your gas or electricity bill, only to find out that it has increased? This could still not be equivalent to the prices of some unfortunate people might be paying who live in the most expensive cities in the world. Paying ridiculously high prices for transport and groceries living in expensive cities is not such a treat. The vast difference between the prices of one country to another also depends on how strong the currency of the place might be. The city which tops this list has left the big apple behind in its ridiculously high expenses. Believe it or not, it is Hong Kong that tops the list of the world’s most expensive cities. Let’s find out which other city made it on this list.

1. Hong Kong   

Asia dominated the list of the world’s most expensive cities, clearly illustrating that it has the capacity to dominate the world. And in Asia, which other city other than Hong Kong can stand in the first position on this list. Hong Kong lies in the region of China and is known to attract the world’s wealthiest businessmen into the ever-growing economy. It will be the third time in a row that Hong Kong is standing strong on the ECA Index.

Continent: Asia

Population: 7.482 million (2020) World Bank

Currency: Hong Kong dollar

2. New York City, USA

It’s even a list for the most expensive cities if the big apple is not on it? Known as the concrete jungle of the USA, New York is the next entry on this list. This North American city is a whirlpool of opportunities and new chances. This is the reason people from America and all around the world are attracted to it. This is the only city in North America that makes its name in the Top 5 where people battle to make a life of their own. With all the possibilities, it has no doubts become one of the most expensive cities to live in.

Population: 8.38 million (2020)

Elevation: 10 m

Currency: American dollar

3. Geneva, Switzerland

The first entry from Europe, Geneva from Switzerland holds its reputation for all things luxury. For years Geneva has been known for its lavish lifestyles, finest restaurants, scenic beauty, and state-of-the-art homes. Walking down its elite streets and entering one of its local grocery stores will end your questions about why it’s on the list. 

Population: 198,979 (2017) United Nations

Elevation: 375m

Currency: The Swiss franc

4. London, United Kingdom

London, known as the city of dreams, holds the number four position in the list of the world’s most expensive cities. Like the big apple, people come to London with high hopes of establishing their careers or finding fame. Rent and mode of transportation are the most astronomical when it comes to pricing. If you are still vision yourself having a comfortable life in London, make sure you have pockets full of cash!  

Population: 8.982 million (2019) Eurostat

Elevation: 11 m

Currency: Pound sterling

5. Tokyo, Japan

Another city from Asia, which is densely populated and is the capital of Japan, that automatically makes it the most expensive city is Tokyo. In the bustling city of Tokyo, most of the cash is washed away in rents, car ownership, and transport. The city with magnificent bullet trains and other advanced technology, no doubt about it being on this list.

  Population: 13.96 million (2021)

  Elevation: 40 m 

  Currency: Japanese Yen

Let’s Wrap It Up

Living in cities with high skylines and unlimited opportunities is the dream that everyone sees. With high expectations and a fancy lifestyle comes a price that not everyone can pay. These cities may be the best places to make a name but living under the pressure of not knowing how to fulfill all expenses is no fun. These are the world’s most expensive cities and living here comes with a cost!