List of Top Ten Most Expensive Cities In The World

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What are the most expensive cities in the World? Let me guess. I think you would respond London, New York and astonishingly, they are not according to the top ten in the Economist Intelligence Unit’s 2016 Worldwide Cost of visiting survey. What grabbed our notice was the fact that there wasn’t an only North American city in this list. Game and free markets seemingly didn’t let prices go too high. It is a well-known fact that US travelers spend the most on business travel, but usually European cities are most expensive than U.S.

However, the rankings will probably change in 2016 as the euro declined nearly 20% against the dollar. We must note that these rankings aren’t identical to the cost of living rankings. Here is what Economist said about its cost of living rankings: Asia and Western Europe, according to the bi-yearly cost of living formula from the Economist Intelligence Unit, our corporate sibling.

Singapore retains the top spot as weak inflation and the yen’s devaluation have pushed Tokyo and Osaka to 11th and 16th place respectively. Asia is also home to various of the world’s cheapest cities. Karachi and Bangalore are the joint cheapest locations in the 133 cities in the survey, and five of the six poorest cities surveyed are in Pakistan and India. Caracas’s descent from top ten to back five is due to the survey’s use of an alternative exchange rate. The cost of being in New York has risen by about 23% over the past five years.”

List of Top Ten Most Expensive Cities In The World 2015 Rankings

10. Copenhagen, Denmark

According to the former Economist report, the Danish capital, Copenhagen was in 15th place, although it is now in the top ten. Though you will be to understand that Copenhagen became top in the UN’s first World Happiness Report. So, certainly people come to tour this city will be delighted.

List of Top Ten Most Expensive Cities In The World

9. Melbourne, Australia

Melbourne is one of the most expensive cities in the world. Though the cost of some products has decreased, butts are still at a price around $18 AUD a packet. Looks like smokers have to wait quietly for a while visiting Melbourne.

List of Top Ten Most Expensive Cities In The World

8. Geneva, Switzerland

Geneva is widely popular as one of the most expensive cities around the world. Living cost is on a high day after a day. As consequence, it is tough to find a suitable place within your budget. On the real side, unleaded petrol costs less than $2 per liter in this city, and Geneva is the only North European city in the top ten to have it.

List of Top Ten Most Expensive Cities In The World

7. Caracas, Venezuela

Caracas is the top most expensive city to visit in the Americas. It is the capital of Venezuela and is a position where even the rent of typical one-bedroom apartment costs 2.5 times the normal salary in that region.Black market and also unofficial market rates are present over there and are helping people in slightly to reduce the official and original costs.

List of Top Ten Most Expensive Cities In The World

6. Tokyo, Japan

The capital of Japan, Tokyo is ranked amid the ten most expensive cities in the world to visit, and it was once top ten of the Economist’s survey. Due to falling Yen, it is now in the sixth position along with Melbourne, Geneva and Caracas. We recently wrote a very interesting article about Japan titled “50 Crazy Facts About Japan“.

List of Top Ten Most Expensive Cities In The World

5. Sydney, Australia

Sydney, forward with Melbourne is on the top ten in our list, and it is the most expensive place to buy properties in Australia. As mentioned before, tobacco is most expensive in Australia, and so it is in Sydney. Alcohol is also very expensive and also going for a movie in cinema theaters is even 50% more expensive than New York City.

List of Top Ten Most Expensive Cities In The World

4. Zurich, Switzerland

People of Switzerland have the advantage of high salaries and small rates of tax, but that still doesn’t suggest that it’s less expensive to live and visit. It has higher rates for food, insurance and other services than most of the other European countries. Thus, Zurich ranks high on the list.

List of Top Ten Most Expensive Cities In The World

3. Oslo, Norway

Oslo is considered the third most expensive city in the world, that is why the inclusion of this city is a must in our list. Drinks are expensive here that beer will cost you around 82 NOK.

List of Top Ten Most Expensive Cities In The World

2. Paris, France

The French capital, Paris is on the list due to higher rates of living comparing other big cities. The rate for per square feet is also more than that London. The Eiffel Tower is in this city, giving Paris surely a huge attraction for tourists thus expensive to visit.

List of Top Ten Most Expensive Cities In The World

1. Singapore City, Singapore

Singapore City ranks first among top 10 most expensive cities in the world to visit while London is not even in the top ten. The cost of cars is almost four or five times comparing with that in North Europe or the US, and the charge of the service is sky high. It is the most expensive place in the world to buy clothes; economy depends heavily on introduced commodities and has a progressively strong currency. The city’s transport costs are almost three times more than New York, which it used as a standard for comparisons.

List of Top Ten Most Expensive Cities In The World

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Nimra Ijaz is the senior link builder and Editor at TopLisTenz, She Completed her Master's Degree in Masters in Information Technology (Ms-IT) from University of The Punjab. Nimra Ijaz has been featured on Various websites and enjoys guest posting about every topic.

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