The 28 Most Expensive Cities To Live In Around The World

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Many of us are drawn to busy and fast-paced cities where constant motion and large populations support a rich culture and offer many professional and educational opportunities. When choosing our new hometown, we consider the cost of living, including rent, transportation, food, and entertainment. Chances are you’d like to get the most bang for your buck, but there are many upsides to moving to an expensive city. There’s certainly a better job market if you’re looking to advance your career. Most likely, the higher cost of living in the city is due to higher average salaries. You can find major colleges and universities in or near the city, with prominent institutions attracting famous professors you can learn from and open even more opportunities for you. The social scene is also pretty strong, with high-quality shops, fine dining restaurants, chic cafés, clubs, theaters, cinemas, and other forms of entertainment to keep residents culturally stimulated.
We’ve listed the most expensive cities to live in for 2020 according to Julius Baer’s Global Wealth and Lifestyle Report. The report compares the prices of various goods and services in cities around the world, looking at the cost of things from residential real estate to handbags, as well as experiences such as fine dining, boarding schools, and wellness lifestyle trends. Based on the review, Asia came out as the most expensive region with three of the costliest cities topping the list—Hong Kong, Shanghai, and Tokyo. And while European cities offer reasonable value for high-end goods and services, they also have one of the most expensive property markets in the world.
Keep on reading to find out the most expensive cities to live in around the world in 2020.