And the most expensive city in the world to live in is…

When we look at postcard-perfect photographs of global cities, we are consumed with the need to travel to, or even live there, these places. But, when it comes to finances, it can seem like a struggle, especially if the city is too expensive. And there are several such cities that seem simply majestic and magical, but when it comes to everyday expenses and the high cost of living, they can bring tears to your eyes.

the Economist Intelligence Unit Global Cost of Living Report has revealed the list of 10 of the most expensive cities in the world right now. He claimed that the average cost of living rose 8.1 percent in 2022 due to the ongoing Russian war in Ukraine, coupled with the effects of the Covid-19 pandemic.

Upasana Dutt, head of global cost of living at the EIU, said in a press release: “The war in UkraineWestern sanctions on Russia and China’s zero covid policies have caused supply chain problems which, combined with rising interest rates and exchange rate swings, have resulted in a cost of living crisis all over the world”.

Dutt added: “We can clearly see the impact on this year’s index, with the average price increase across the 172 cities in our survey the strongest we’ve seen in the 20 years for which we have digital data. Gasoline price increases in cities were particularly strong (as they were last year), but food, utilities and household items are becoming more expensive for city dwellers.”

So what are the 10 most expensive cities in the world to live in in 2022? Here is the list:

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1. New York and Singapore (tie)
3. Tel Aviv, Israel
4. Hong Kong and Los Angeles (tie)
6. Zurich, Switzerland
7. Geneva, Switzerland
8. San Francisco, Calif.
9. Paris, France
10. Copenhagen, Denmark

New York, a city in the state of New York in the US, is visited by thousands of tourists from all over the world every year. Also known as ‘The Great Apple‘, is the most populous city in the United States. Interestingly, New York City comprises five boroughs, each of which is a respective county of New York State: Brooklyn (Kings County), Queens (Queens County), Manhattan (New York County), Bronx ( Bronx County) and Staten Island (Richmond County).

Singapore it is understood to be one of the most expensive places to live, not just this year, but overall. Officially known as the Republic of Singapore, this global financial center has four official languages, which are English, Malay, Mandarin, and Tamil. Singapore Changi Airport will be one of the world’s busiest airports; It has also been rated the ‘World’s Best Airport’ by Skytrax many times, with its futuristic look and many passenger-friendly features.

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Tel Aviv is in third place. The city is located on the Mediterranean coast of Israel and is the fifth most visited city in the Middle East and Africa. Famous for its culture, the city also has a thriving nightlife.

Next on the list are Hong Kong and Los Angeles. While Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China, is a city and a special administrative region of China, Los Angeles is a city in California, USA, famous for its iconic Los Angeles sign. Hollywood and for being the residence of many famous actors. It is also the nucleus of the country’s film and television industry.

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Zurich in Switzerland ranks sixth. Another world center for banking and finance, the beautiful city is famous for its museums and art galleries. Interestingly, Zurich was founded by the Romans, who called it ‘Turicum’. Another Swiss city, Geneva, lies just below Zurich. While Zurich is the German-speaking part of Switzerland, Geneva, the second most populous city after Zurich, is the French-speaking part.

San Francisco, California is ranked eight. It is the home of the famous golden gate bridgewhich is one of the most famous tourist destinations and also one of the most photographed bridges in the world. The city has been featured in many Bollywood movies and is known for its architecture and steep, elevated streets.

Next on the list is ParisFrance, followed by Copenhagen, Denmark, both capitals and visited by tourists throughout the year.

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