Residents of modern cities have at their disposal everything that they want: well-developed infrastructure, amenities, entertainment centers. However, all this together has a huge price. Top the most expensive cities in the world already compiled over several years. This issue is handled by several statistical companies around the world. One of the most respected is The Economist magazine. At the end of 2015, a list of the most expensive cities in the world was compiled. So, before us is the "Top 5".
Rating "Top 5"
This rating explores each year 133 cities located in different parts of the world. 400 prices are being studied for 160 products and services, including food, clothing, transportation, rent, etc. Comparison is made with the basic indicators, which are calculated in the city of New York. And, as it turned out, in the most expensive city of 2015 - Singapore - life is really cheaper than in NYC. For example, clothes there are more than 50% more expensive.
5th place: Sydney
This city is often mistaken for the capital of Australia. It is the most famous and largest city of the smallest continent. The prices for living here are actually high. And not just like that! This city has it all, and life is in full swing around the clock. There is enough entertainment for both children and adults: there are attractions, bars, parks, beaches. But you have to pay a lot of money for it. Specifically, life in Sydney will be more expensive than in New York, about two times, however, the wages of citizens are also impressive, as a result of which the high cost is visually covered by the incomes of local residents. That is why it closes the top five leaders in the rating "The most expensive cities in the world."
4th place: Zurich
A large number of people mistakenly consider the city of New York to be the main financial center. This is not true. The Swiss city of Zurich deservedly bears the title of "financial capital of the world." A huge number of banks, industrial institutions, and trade objects are concentrated here. In addition, due to its location in the "heart" of Europe, major highways and railways intersect here. Together with amazing nature, these are the reasons that Zurich is on the fourth line of our rating.
Bronze Result: Oslo
Oslo, the capital of Norway, confidently settled in the third place. The rating “The most expensive cities in the world” never bypasses this city, changing only its serial number. Due to Oslo's strong economic growth, prices for all products and services are rising. Here is a huge number of international companies in oil, gas, shipping. The city takes 5th place in Europe in the number of firms. Important is the fact that Oslo is recognized as one of the safest cities in the world. In addition, he is known throughout the world for the annual Nobel Prize ceremony. Tourists here - more than enough. Result - 3rd place in the "Top 5".
Silver result: Paris
The most captivating and attractive city, of course, is Paris. Its Eiffel Tower with Champs Elysees, Champ de Mars, the Louvre and Notre Dame Cathedral attract millions of tourists from all over the world every year. The most expensive cities in the world are centers of anything. For example, Paris has become the capital of fashion. Paris provides more than 30% of France’s GDP. Most industrial enterprises are located in the suburbs. Although in recent years, the business is more oriented towards high technology. Prices for rental housing, transportation, food and services give Paris a silver result.
Deserved gold: what is the most expensive city in the world?
The leader of this rating for the second year in a row is the city of Singapore. This dream city is home to more than 5 million people. The song of Vyacheslav Petkun “City-fairy tale, city-dream” involuntarily suggests that he was singing about Singapore. The city can please absolutely everyone. Infrastructure, services, entertainment. But all this costs a huge cost. Due to the fact that the city itself has very few resources, it purchases them, which affects the formation of domestic prices. This brings him to the leaders for the second time. It should be said that Singapore is one of the leaders in the number of living millionaires. There are more than 105 thousand!
Top 5 for tourists
For those who like to travel, a study was also conducted on the most expensive cities in the world, a list. The rating here was calculated according to slightly different indicators, and here is what he revealed:
- The first row for the second year in a row is Luanda (Angola).
- Second place - Tokyo (Japan).
- Closes the three leaders of N'Djamena (Republic of Chad).
- In fourth place was the capital of the Russian Federation - Moscow.
- And this Top City completes Geneva.
Most surprisingly, this year, Top 5 “The most expensive cities in the world” did not include cities such as Tokyo and New York, although the first one only a couple of years ago was the leader of this list. This fact, of course, does not detract from the merit of these megacities, however, as it turned out, life in them will cost much cheaper than in the cities listed above.
