There are cities that you want to move in because of their affordability, but there are those who just make your jaw drop due to their absurd prices and high cost of living.
The striking difference in the cost living in different cities around the world really says a lot about the inequality in our society. Although the high prices can be unwelcoming, the most expensive cities in the world actually make up for their high-quality lifestyle and living trends. Here are some of them:
Seoul, South Korea. This beautiful Asian city is actually not that affordable to live in. In recent years it has exceeded Tokyo and Osaka in terms of cost of living, and its status as an expensive city has been attributed to its high clothing and food prices. Internet is fast in Seoul though, so I guess it's still a win.
Geneva, Switzerland. Geneva's declining currency is one of the reasons why it's so expensive for expatriates; also its properties' prices are much higher than in other cities. One of the most advanced cities in the world; Geneva houses several international organizations and is a global financial center.
New York, USA. The Big Apple is famous for being the city that never sleeps, and it's not a secret that living here requires shelling out a lot of cash. The cost for monthly rent for a studio apartment in NYC is higher than the cost of a duplex in its other neighboring cities, and also take into account taxi fares, cost of food, and other living essentials. Living in NYC is magical, but it comes with a price.
Hong Kong, China. According to CNN, "Hong Kong is so expensive primarily due to accommodation costs but also because the dollar there has remained fairly stable as opposed to other currencies that devalued against the U.S. dollar to various degrees." Also, imported goods here are so expensive.
This article is copyrighted by Travelers Today, the travel news leader
