Top 10 most expensive cities in the world 2020

Top 10 most expensive cities in the world 

The cost of living goes up everywhere the world as new generations flocked to big cities in search of better jobs and more robust culture the price of rent skyrockets and the addition of multinational conglomerates buying huge swathes of property exacerbates the problem making many cities in excessively expensive today we're counting down the top 10 most expensive cities in the world. 

Number 10

Los Angeles

Everyone knows that Los Angeles is home to some of the world's wealthiest and most influential people so it comes as no surprise that it's one of the most expensive ZIP codes on earth to be exact Los Angeles is the 10th most expensive city on the planet the median cost of a home is 689 thousand five hundred dollars and the average monthly rent for a seven hundred square foot apartment is two thousand five hundred and forty-five that's far above average and leads many of LA's aspiring actors and filmmakers to live in cramped squalid conditions in order to make rent Los Angeles is a perfect study in how that demand curve works.

when the demand for something is high prices rise and there is plenty of demand to live in Los Angeles, as a result, everything including rent food gas and utilities is expensive when considering a move to LA the first order of business is understanding how much money it's going to take to pay the bills on top of this Los Angeles has minimal public transportation and bike infrastructure meaning that most people are dependent on cars to get around the price of gas is another huge addition to the cost of living for Angelenos however the average salary in Los Angeles is seventy-four thousand dollars far more than the US average of 56 thousand dollars that means many locals can afford the astronomically high cost of living. 

Number 9 

 Tel Aviv 

Many people are surprised to learn that Israel has an extremely high cost of living, in fact, Tel Aviv is by far the most expensive city in the Middle East the sunny beach location and vibrant youth culture contribute to the appeal of this expensive city the average price of a mid-sized apartment is $2,500 meaning it's tied with LA as the tenth most expensive city in the world through Israel is home to some of the most contested territory on earth.

 Tel Aviv has a decidedly apolitical atmosphere compared to more traditional cities like Jerusalem as a result of many ex-pats from around the world flock to tel Aviv and drive up the already astronomical cost of living the average salary is 69 thousand dollars meaning that most Israelis can afford the city of Tel Aviv titled the Mediterranean capital of cool by the New York Times this is a 24-hour city with a unique pulse combining sandy Mediterranean beaches with a world-class nightlife a buzzing cultural scene incredible food UNESCO recognized architecture and an international outlook while its relationship with Palestine dissuades many people from visiting Tel Aviv has many undeniable. 

Number 8 

New York 

Charms the second u.s. city on the list New York City is infamous for its prohibitively high cost of living the average apartment costs $2,600 meaning that most residents are forced into close quarters and population density is higher than anywhere else in North America however it has one of the most powerful economies in the world with an annual GDP of 840 2.3 billion that's more than many entire countries the average household income in New York City is 57,000 meaning that it's lower than either of the previous cities.

but it's important to remember that while New York City has expensive rent and food the cost of transportation is relatively low that's because the subway and bus system shuttle citizens around the city for a few dollars so most residents do not rely on a car beyond this New York is home to amazing theatre comedy music film and more it is there's always something going on here New Yorkers have endless activities at their disposal only a train right away you truly can do anything at any time the city is also on the cutting edge of the food scene and foodies have a unique opportunity to witness firsthand some of the most inspired cuisines in modern gastronomy.

 Number 7

Copenhagen Denmark

 Scandinavia is for announced for its peaceful society beautiful nature and high cost of living the most expensive city in the region and the seventh most expensive in the world is Copenhagen Denmark the average price of an apartment is $1,200 which is much lower than the other cities on the list however Denmark has a very different pricing structure from the average country citizens pay a lot in taxes sometimes 50 per cent of their total income and in return, they get free education health care and rent subsidies if necessary with a shorter work week and a healthy work-life balance.

 Copenhagen residents are a happy bunch, as a result, it's one among the very best qualities of life in the world the average salary is 86 thousand dollars giving most citizens more than enough money to explore the city's legendary culinary and culture scene, in fact, it's home to Noma which is widely considered to be the best restaurant in the world Denmark has topped the UN's world happiness report three times and Copenhagen has become emblematic of the country's proud reputation for happy living more than this it's a safe city Denmark is the world's fifth most peaceful country according to 2018 .

Number 6 

 South Korea Seoul City

Global Peace Index with a lower crime rate than most European cities 24-hour transport options and an inclusive family-friendly culture rounding out the freeway type of 7th place is Seoul South Korea Seoul City motto is the soul of Asia and once moving here or even visiting it's easy to see why people fall in love with this megacity in apartments can easily cost $2,500 a month in Seoul but it's common for your employer to pay this cost a cultural difference that makes South Korea very appealing for ex-pats considering the average salary is only fifty-seven thousand dollars it's fortunate that employers typically pay a large percentage of their employees to rent springing from the ruins of the South Korean.

War Seoul has boomed in just 50 years to become the world's 10th most economically powerful city and second-largest metropolitan area no matter how large or small Seoul lights have never met a job they couldn't finish ahead of schedule also renowned for its culinary scene Seoul has a huge appeal Korea's most recognized dish after Korean barbecue is bibimbap a rice bowl mixed with sauteed roots marinated beef and chilli paste in a hot stone pot Seoul also has the most art openings per square mile of any city on earth. 

 Number 5 

 Osaka Japan 

Is Osaka Japan Osaka is a cosmopolitan city near the ancient capital Kyoto best known for its dynamic food and drinking culture and famously outgoing people the cuisine is what draws many culinary travelers to Osaka the people of Osaka are notorious for their obsession with eating and drinking which has given rise to the local expression ku Adora to eat oneself to ruin but locals pay the price when they pay roughly one thousand five hundred dollars every month for rent Japan has a reputation for its high living costs especially Tokyo which annually makes it into the list of the world's top ten most expensive cities like most major cities in the world rent tends to make up a large chunk of living costs in Japan followed by car ownership and transport some of the world's most expensive land can be found in Central or Sunka which contributes to its reputation of being an expensive city rent can vary from cheap tiny apartments of around ten square meters to exorbitantly priced luxury apartments in prime districts but the average salary in Osaka is only 46 thousand dollars the lowest on the list so far tied for.

Number 4

 Geneva Switzerland 

  Geneva Switzerland Geneva is a gorgeous City one that's filled with mountains of chocolate and some incredible history surrounded by the Alps to the south the city is a perfect place to begin your adventure in Switzerland Geneva is home to the largest lake in Europe Switzerland second-largest city is slick in cosmopolitan and it's people chatter in almost every language among streets paved by gold but for all its Ulua Geneva is criminally expensive a one-bedroom apartment can cost $3,500 a month with an average salary of 120 thousand dollars a year students have a lot of money and an amazing quality of life but remember that a beer often costs $10 and it's difficult to find a meal without paying 30 to 40 dollars if you can get over these exorbitant costs you can enjoy some of the best hiking skiing and climbing in the world in the nearby Swiss Alps as we just covered Switzerland is an expensive country with a lot to offer Zurich edged out Geneva to become the uncontested fourth most expensive city in the world.

 Number 3 

Zurich  Switzerland

Zurich is the most important business location in Switzerland due to good connections safe high quality of living and excellent education and research institutions Zurich is an extremely attractive location for companies and their employees it's not without reason that the Zurich Economic Area accounts for around 1/5 of the overall value-added and jobs in Switzerland with rents between 2000 to 3000 Zurich is undoubtedly one of the priciest places on earth however the average salary is 226 thousand dollars.

Far more than any other city on the list suddenly a few thousand dollars in rent doesn't sound so bad Switzerland's largest city is on the shore of its glistening eponymous Lake Zurich is a financial powerhouse with the livability ranking that outstrips almost anywhere in the world you can catch trains from the health Bahnhof and beyond pink breathing in sparkling air in a matter of minutes in the city's rivers and that magnificent Lake has supreme water quality for swimming these outdoor pools or bar dish have become nightspots in the centre of the city. 

Number 2

 Paris

 Paris's seductive charms are legendary and for good reason inviting sidewalk cafes glooming boutiques world-class museums endless things to do and a fabled restaurant scene make Paris the runway model of city's beautiful fashionable confident and inspiring envy at every turn the average rent is $1300 and food is also relatively expensive but with an average income of only 49 thousand dollars a year these French residents have less money than their Swiss or American counterparts all the same Paris is a very livable city with good transportation and access to many cultural amenities including many of the most celebrated museums and galleries in the world. 

Number 1 

Singapore

Rounding out the three-way time for first place in Singapore it may be the most expensive city in the world but Singapore has racked up plenty of other superlatives cleanest best planned and quite possibly most entertaining the Lion City is home to the world's largest rooftop infinity pool the world's first Safari Park for nocturnal animals centuries-old temples and of course some of the best food in the world you'll also find extraordinary gardens righteous architecture world-class performance venues shopping streets and experimental art galleries the city-state offers a fascinating melding of the old and new the historic and the modern it's not uncommon to see apartments listed for more than three thousand dollars and every activity is extremely expensive as well but Singapore is a business hub and the average salary is 67 thousand dollars that means that most Singapore residents aren't millionaires but they make a very comfortable income to match their ultra-expensive city.

top 10 most expensive cities in the world 2020 thanks for my article.