According to Mercer’s 2024 Cost of Living ranking, here are the most expensive cities in the world.
Hong Kong
Hong Kong, the special administrative region of China, is the most expensive city in the world. The city’s high population density coupled with small geographic area, drives up the prices.
Singapore
Asia's financial hub, Singapore is the world's second-most expensive city. High property prices and the highest car ownership cost makes living expensive in this city.
Zurich
Switzerland’s most populous city, Zurich is the third-most expensive globally. The strength of the Swiss franc and high costs of groceries, goods and recreation drive up the cost of living.
Geneva
The Swiss city of Geneva, home to numerous international organisations, is the fourth-most expensive city in the world.
Basel
The cultural capital of Switzerland, Basel is the fifth-most expensive city in the world. While its ranking remains the same as 2023, its cost of living has increased by 4%.
Bern
The Swiss capital, Bern, ranks as the sixth-most expensive city. As the political heart of the country, the city has a high standard of living.
NYC
The global financial capital, New York is the seventh-most expensive city in the world. High property rates and taxes contribute to the city’s inflated cost of living.
London
Ranking eighth on the list is the UK’s capital city, London. Soaring rents have inflated the cost of living, pushing London up a rank compared to 2023.
Nassau
The capital of the Bahamas, Nassau is the ninth-most expensive city in the world. Being a financial hub and popular tourist destination adds to its high cost of living.
Los Angeles
Los Angeles, the entertainment capital of the world, is the tenth-most expensive city. High housing costs and taxes drive up the cost of living in this city.
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