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We have prepared a list of most expensive cities in 2024 and everything that you need to know about them. Living in these cities costs a lot because of pricey housing and higher costs for getting around, buying stuff, and using services.
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World’s Most Expensive Cities In 2024
Hong Kong
Hong Kong has grabbed the number one spot as the most expensive city for foreigners for the fifth time since last few years. The city offers a lively and diverse lifestyle and attracts tons of workers from other countries. However, it is believed that it’s super hard to find a place to live that isn’t much costly because there’s not much space across the city as the city is beautiful yet not very large geographically. This makes Hong Kong the most expensive place to be.
Singapore
Singapore has kept its spot as the second-priciest city for people living abroad, right behind Hong Kong. The city-state has become a hotspot for global talent because of its prime location. The place has every feature that one might need such as a stable government, and its pro-business rules. However, this popularity has also made living there more expensive when it comes to housing. Singapore doesn’t have huge land area and therefore has strict rules about city planning, so people from other countries have to spend a big chunk of their money on rent or buying a home. This has an impact on how much it costs to live there overall.
Zurich Switzerland
Zurich is also known as the Switzerland’s money hub. This city holds third place on the list of the priciest cities for people working abroad. The city has been a popular one that is known for its wealth and excellent living standards. Moreover, here you will also be able to find a solid economy that makes it super expensive to live in. However, people often choose this city due to its immense beauty and architectural aesthetics.
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Geneva, Switzerland
Geneva is a global centre for world organizations and diplomacy, has once again ranked as the fourth-costliest city for people from other countries to live in. The city has a status of being a prominent place of riches, fancy stuff and other luxuries. Moroever, the size of the city is small which has further pushed up living costs.
People from abroad in Geneva deal with high rents downtown and have to handle the steep prices of things and services. However, the city is situated at a good location and offers a set of mix of languages. Furthermore, its top-notch amenities make it a place many international workers want to be.
Basel Switzerland
Basel is another Swiss city. It is located at number five on the list of priciest places for people from other countries to live. This city is known for its big deal in the field of medicinal and chemical companies and therefore, quite some migration could be seen here as lots of workers from all over come here. The city has got good roads and beautiful buildings.
Another feature of this city is that here you will be able to find some of the best doctors. Furthermore, this city is also perfect for all those who love to do cool stuff and adventurous activities. All this makes people want to live there, but it also hikes up the prices, making it more expensive to live there.
Bern Switzerland
Bern is the Switzerland’s capital. The city has moved up to become the sixth-costliest city for people living abroad this year, pushing New York down to seventh place. Bern has good roads and public services, which makes it an excellent place for diplomats and bankers to live. This drives up the cost of living when it comes to finding a place to stay.
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New York City
New York City is known to be the money and culture hub of the US. This city sits at number seven on the list of priciest cities for people from other countries to live in. The city’s famous skyline mix of neighbourhoods and power on the world stage makes it a hot spot for folks from all over who work in big jobs.
It is because so many people want to live there that this city has now come to cost a ton for those who wish to settle here from other places. Therefore, people who do so end up spending a considerable chunk of their pay on a place to live because getting around and buying basic stuff costs so much. Furthermore, it is believed that the cost of transporation here is high as well which makes it a litttle difficult to get around as well.
London
London is the UK’s capital city. This city has jumped up the rankings big time in the last feaw years. It went from number 17 to number 8 this year, making it one of the priciest cities for people from other countries to work there. London is often seen as a spot which is known for world money centre.
Moreover, this city has its own share of its deep history and mix of different cultures and people from across the globe has settled in this city. Moreover, all these features have made a living there super expensive. The cost of the city hits foreign workers in London hard when it comes to finding a place to live without spending a lot of money.
Nassau
Nassau is the the capital city of The Bahamas. The city has made its way into the top 10 list as the ninth priciest city for people living abroad. This place is known to attract lots of tourists and it’s not just for one season but tourists visit this city all year around as the beauty of this city never goes dowm.
The city also serves as a centre for global business due to which the costs of this city are more to live in. It is often advised to people from other countries who settle in Nassau that they should be ready to save up out big bucks for a place to stay and for stuff to buy but the beauty and aesthetics of the city and things to do here are countless and therefore, also makes it a city that is worth spending money for.
Los Angeles
Los Angeles wraps up the top 10, making it the second US city on the list. This place has turned into a hot spot for people from other countries to work in. The city makes it a big deal when it comes to movies as you could find some of the coolest movies here. Moreover, the city is also known for its tech stuff, and money matters. But living there costs a hefty amount due to its costly housing. Houses are super pricey, and getting around, buying things, and using services all add up.
That’s why it’s one of the most expensive places for people that come here from other countries to live in. The city has an impact on many areas, from show business to finance. It’s causing a revolution in how people see work and life in the US. Even so, the high costs make it challenging to consider moving there. At last, the beauty of the city is unmatched.
