The 28 Most Expensive Cities To Live In Around The World

Like it? Share it!

Facebook

Pinterest

Reddit

Twitter

Google+

Monaco

Source: https://www.worldatlas.com

Monaco, the beautiful sovereign city-state on the French Riviera, is the most expensive place in the world to buy residential real estate, with the average home costing $4,560 per square foot. That’s even higher than the most expensive housing markets in the world, namely New York City at $1,773 per square foot and Hong Kong at $2,859. Even the average resale price of homes in the Larvotto district, one of Monaco’s most populous neighborhoods, is pegged at over $16 million. Though tiny, spanning only 200 hectares, this playground of the rich and famous is brimming with lavish casinos, opulent bars and clubs, chic and exclusive designer shopping centers, and a man-made beach. While it’s smaller than Central Park in New York City, it is one of the densest countries in the world, with a population of 37,443 people. It is also home to 12,261 millionaires, so you can expect to bump into a millionaire for every three people that you meet. It’s no surprise that Monaco has a poverty rate of zero.