The lion's share of potential immigrants dreams of moving to a big beautiful city with an ideal infrastructure and high standard of living. As a rule, the world's major metropolises offer ample opportunities for career development and business, contain a convenient public transport network and a developed health care system, offer many options for interesting recreational activities, including sports and social events. The only significant disadvantage is the cost of living in such cities.

Various international agencies annually publish rankings of the most expensive cities to live in the world. One of the most authoritative is considered an Economist Intelligence Unit (EIU) Worldwide Cost of Living, which covers 172 major settlements on the planet. The analysis is subjected to more than 400 prices of 200 goods and services – from bakery products to real estate rent. The top ten steadily includes representatives of the most developed countries of Europe and Asia, as well as the United States. Based on the latest EIU ranking, let us highlight the most expensive cities in the world in 2024.


1. New York
2. Singapore
3. Tel Aviv
4. Hong Kong
5. Los Angeles
6. Zurich
7. Geneva
8. San Francisco
9. Paris
10. Copenhagen



New York

The most expensive city in the world in 2024 is New York. One of the richest cities in the world and the most populous, dynamic and developed megacities not only in the U.S., but also in the world with a large economy and excellent infrastructure. There's an impressive amount of all-night bars, restaurants, and other entertainment venues. All kinds of festivals and sporting events are held there. Bored in this city will not be, but live here all the time is very expensive. Rent a studio in the center is about $3,000 per month.



Singapore has been the most expensive city in the world for the past few years. This small city-state located on islands in southeast Asia is considered one of the most developed and prosperous on the planet. Thousands of migrant workers from different countries tend to find jobs in Singapore, so it is not surprising that with a population of just over 5.9 million people in the city do business or engaged in professional activities more than 1.3 million foreigners. Renting a modest apartment here costs at least 1,300-1,800 euros per month.


Tel Aviv

Tel Aviv was the most expensive city in the world in 2022. Legal employment in Israel today is in great demand among foreigners from the former Soviet Union. One of the most popular destinations is the large city of Tel Aviv, located on the Mediterranean coast. The most important economic and cultural center of the country. Potential immigrants should note that living in Tel Aviv today is very expensive. In particular, this applies to rental property. Even the most modest room without many amenities will cost at least 900 euros per month.


Hong Kong

Hong Kong is considered the economic leader of China, as well as one of the largest financial, logistics and trade centers in the world. A huge number of international companies operates here and constantly attracts foreign investment. The city has a very high standard of life, quality infrastructure and almost no crime. Millions of tourists can enjoy a colorful cuisine and look at historical monuments and temples. However, the prices of food, goods and services, especially real estate, in Hong Kong are exorbitant. For example, renting a small studio apartment costs about 1,700 Euros per month.


Los Angeles

Los Angeles is one of the world's leading centers of entertainment, tourism, science, education, information technology, and medicine. Largest economic and cultural center in USA. A job in Los Angeles provides an average income of $5,000 a month, but life in this metropolis is also very expensive. For example, real estate prices are 15 to 20 percent higher than the national average.



Switzerland is the richest country in Europe after Luxembourg. Of course, the high standard of living and strong economy is very attractive, but in most local cities real estate is so expensive that even wealthy Europeans can not afford to live permanently in such settlements. First of all, we are talking about Zurich. This is a very comfortable and beautiful city, which many people call the financial capital of the world. An official job in Zurich brings an average of 6 thousand euros a month, while renting a room costs at least 1,400 euros.



The ranking of the 10 most expensive cities in the world includes two major Swiss population centers. In addition to Zurich, Geneva is represented here. It is an excellent place to live with many museums, parks and magnificent views of the Alps. Let's just say that the rent of real estate in the city exceeds 2,000 euros per month. Therefore, about 27% of the French, who work permanently in Geneva, return home to France every day. The high cost of living is partly compensated by decent wages, quality public services, medical and educational system.


San Francisco

The ranking of the top 10 most expensive cities in the world in 2024 includes three locations outside Europe and Asia, namely in the United States. The state of California in the list of the most expensive cities in the world is represented by two cities at once – Los Angeles and San Francisco. However, until recently, the latter locality was not included in the top ten of the ranking. The commercial, shipping, cultural and financial center of the western part of the United States and one of the most cosmopolitan cities in the country.



Paris moved from second to ninth place in 2023. One of the most beautiful megacities in the world and very expensive place for permanent residence. Prices for rental property in the world capital of fashion start from 1,000 euros per month, so a large number of Frenchmen prefer to work in Paris, and rent apartments on the outskirts or in neighboring cities. Food and services here are also very expensive. Note that France is the most visited country in the world, which last year alone was visited by up to 90 million tourists.



Many experts call Copenhagen one of the best cities to live in the world. It is a very clean and safe community, the economic and political center of the Kingdom of Denmark. The country as a whole has a high standard of living, but directly in the capital wages are often higher than in many other regions. Work in Copenhagen guarantees a qualified specialist an average of 5,800 euros per month. However, taxes here are also impressive. In addition, the real estate market is overloaded. Find a room in a normal area for less than 900-1,000 euros is virtually unrealistic.

The cheapest cities on the planet in 2024 were Damascus (Syria), Tripoli (Libya), Tehran (Iran), Tunisia (Tunisia) and Tashkent (Uzbekistan).

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