sure it’s a nice place to visit but how
can anybody afford to stay there
welcome to watchmojo.com and today we’re
counting down our picks for the top 10
most expensive cities to live in before
we begin we publish new content every
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this list we’re taking a look at cities
across the globe with the highest cost
of living as of 2018 according to The
Economist’s annual report number 10
Sydney Australia
thanks to landmarks like the Sydney
Opera House the capital of New South
Wales generates 30 billion dollars
annually from tourism alone considering
how costly it is just to travel there it
shouldn’t come as a surprise that Sydney
is Australia’s most expensive city to
live in just to give you an idea of how
pricey life in Sydney can be a pair of
jeans reportedly costs over $100 on
average at least Sydney workers receive
one of the highest wage levels in the
entire world they’re pretty high up
there in terms of purchasing power –
meaning many residents can afford to
spend almost twenty dollars on movie
tickets
number nine Tel Aviv Israel Tel Aviv
might only be the second most populous
city in Israel but it’s number one in
terms of living expenses not only that
it’s also the most expensive destination
the whole Middle East has to offer on
the worldwide cost of living chart tel
aviv escalated from 34th place to the
top ten over the course of five years
this is largely due to the cost of
buying a car to say nothing of ensuring
and maintaining it in terms of paying
for transportation tel aviv actually
beat out new york by 79 percent as
expensive as living there maybe it’s
worth the price of admission for those
with an interest in history or nightlife
number eight Copenhagen Denmark back in
the 10th century Copenhagen was a mere
Viking fishing village
fast forward to modern times and it’s
one of the most expensive cities in
Europe transport personal care and
recreation are among the major
contributing factors to Copenhagen’s
high cost of living
while the gross wages are among the
highest in the world
taxes take a significant toll following
mandatory deduction that being said the
capital of Denmark is also often ranked
as one of the best cities to live in due
to its quality of life given its
education social safety and beautiful
scenery we can certainly see why living
in one of the happiest places on earth
doesn’t come cheap
number 7 Seoul South Korea within just a
few years the Seoul special metropolitan
city has skyrocketed up the cost of
living chart between 2013 and 2016
it moved from 21st place to 15th place
by 2017 it cracked the top 10 and has
maintained that spot to this date the
capital of South Korea is one of the
most expensive places to purchase
groceries exceeding New York by 50
percent on a routine market trip you
could spend roughly 4,000 won on white
rice 3,000 won on a dozen eggs and 9,000
won on a gallon of milk you might
actually be better off eating out with a
meal for one costing somewhere around
8,000 won at most in expensive
restaurants number six Geneva
Switzerland Geneva is one of the most
populous cities in Switzerland second
only to another entry on our list while
wages are high and tax rates are
surprisingly low you’ll still need a
sizeable Swiss bank account to live
there this can be primarily attributed
to the cost of insurance groceries and
various services good luck trying to pay
for a 2-bedroom apartment with the
monthly rent being between 2300 and 3500
Swiss francs and that’s not even
including utilities eating fast food
won’t save you much money either with a
Big Mac costing fifteen Swiss francs
even by the European average life in
Geneva comes with a hefty price tag but
at least residents have high purchasing
power number five
Oslo Norway the capital of Norway Oslo
has a booming economy with the maritime
sector hosting 980 companies and 8,500
employees as one of the richest cities
in Europe the residents of Oslo are used
to breaking out the big bucks
having Norway’s most expensive housing
market a one-bedroom apartment close to
the center of the city will cost you
over 12,000 Krone per month on top of
that you
utilities for an average apartment can
cost nearly 1,600 Krone goods and
services are especially expensive
compared to other cities a Big Mac from
Geneva may sound pricy but a McMeel from
Oslo will also drain your wallet of
around 110 Crone number for Hong Kong
China if you think coffee is overpriced
at your local Starbucks try moving to
Hong Kong where a cappuccino costs
almost 35 Hong Kong dollars meanwhile
you can spend 50 Hong Kong dollars on a
pint of domestic beer and 150 Hong Kong
dollars for a bottle of wine the price
of consumer goods is one thing but the
housing market is another for several
straight years Hong Kong has been cited
as the most unaffordable urban area in
the world to buy a house a 3-bedroom
home in the city is going to cost your
family 40,000 Hong Kong dollars per
month despite the high living rates Hong
Kong’s has also been regarded as the
freest economy in the world for over two
decades number three Zurich Switzerland
although Zurich is considered one of the
globe’s top financial centres as well as
one of the most livable cities in the
world it’s also one of the priciest
places in all of Europe Zurich even
gives Geneva a run for its money as the
most expensive and largest city in
Switzerland as far as transportation
goes a gallon of gasoline costs just
under six francs taking a taxi isn’t the
most ideal way to get around either as
waiting in normal traffic for an hour
can set you back 72 francs in short time
is money in Zurich it’s only natural
seeing is how a quarter of the
population is employed at banks and
investment firms number two Paris France
france’s most populous city hosts
numerous iconic landmarks like nuts a
dam Cathedral the Louvre and the Eiffel
Tower for many people the idea of living
in this cornerstone of culture probably
sounds like a dream come true once you
receive your credit card bill in the
mail however that dream will quickly
turn into a nightmare ever since 2003
Paris has easily reigned as one of the
most expensive cities in the world being
the home of world-class restaurants
fabulous shopping centres and incredible
sights the astronomical living price
makes perfect sense
it’s called the city of light but not
for people who can’t even afford their
electric bill number one Singapore
Singapore for five years in a row
Singapore has dominated as the single
costliest city to live in
granted not every service will cost you
an arm and a leg compared to some other
cities health care and certain domestic
goods are actually quite cheap
however owning a car will eat up a good
chunk of your paycheck a new Volkswagen
Golf comes with a sticker price of
roughly around 120,000 Singapore dollars
then to keep your gas tank full be
prepared to pay around 8 Singapore
dollars per gallon Singapore is
additionally the third most expensive
place to purchase clothes with a pair of
Nike running shoes going for about 127
Singapore dollars so whether you drive or run you are spending a fortune