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10 most expensive cities to live

By
Real Estate Agent with (408) 425-1601 CA bre 1519182

If you think you live in an expensive place and difficult to make your ends meet. You should review and avoid these places to live.

This list does not include home prices. Just rent and cost of doing business and frequency..... 

 

1 New York City

Prices are high in New York, it’s the rent that landed New York is worlds highest — with a furnished two-room apartment running an average of $4,650 in Manhatten. 

 

2 Zurich

Zurich would be the most expensive city on earth for goods and services. Residents of this city spend more than $3,600 a month on goods and services. Rent is trailing New York City.

 

3 Geneva

Prices in Geneva are close to Zurich. Rent is just over $2,800 for a furnished two-room apartment and the average family spends more than $3,500 a month on rest.

 

4 Oslo

High prices on goods and services — families spend more than $3,100 a month.  Rents, though high (at $2,000 for a furnished two-room apartment), are still just over half of what they are in New York.

 

5 London

A combination of high rents (more than $2,800 a month) and high prices (an average month of goods and services costs more than $2,800).

 

6 Hong Kong

Rents in Hong Kong are astronomical (more than $4,400 for a furnished two-room, the second highest in the world), which helps cement Hong Kong’s No. 6. Prices for goods and services in the area are more reasonable.  I try to avoid the tourist attraction and find the local eateries and services are about 1/3 less than US.

 

7 Chicago

The Windy City, which ranks 7th boasts both high prices and high rents. Renting a furnished two-room will cost one an average of  $2,500 a month (roughly the same as in Zurich) and a month of goods and services will cost nearly $2,800.

 

8 Copenhagen

Goods and services are steep here (residents spend almost $3,000 a month), though rents are more reasonable ($1,450) .  Chicago is one of the most vibrant midwest US cities and one of the most expensive cities to live.

 

9 Sydney

Rents for a furnished two-bedroom in this city cost more than $2,000 a month, and goods and services nearly $2,700 a month. That leaves little savings left for one wage earner in 9th most expensive place to live.

 

10 Toyko

The No. 10 spot on this list goes to Toyko, thanks in large part to its very pricey goods and services ($2,800 a month).

Rents in Tokyo are far more reasonable at $1,370 a month for a furnished two-cardboard boxes.

 

Source UBS-C. Hill.  compiled and edited s.

 

Comments(16)

Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I am surprised San Francisco is not on the top 10. 

All young professionals I know work at Goog, Twitter they love SF.... For Goog employees they eat breakfast, lunch, dinner at work(no charge).   The cost of rent, parking are killing many.  Those wanting a bigger place start moving across the SF Bay or to San Mateo County....

 

Sep 23, 2015 01:18 AM
Andrzej Niemyjski
Realty One Group - Sun City West, AZ

There you go Sam Shueh its still affordable to live in SF area

I'm little surprise that Chicago made it and SF did not

Sep 23, 2015 02:01 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sam, thought for sure San Francisco would be on this list! 

Sep 23, 2015 02:02 AM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Housing has certainly become very expensive but as far as total cost of living I don't think San Fransisco ranks anywhere near these top 10 cities. 

Sep 23, 2015 02:40 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I used to get internet rates for lodging in HK. That went up to US$150 second day. Easiest is take a hovercraft across Macao they have no star clean hotel for a fraction of HK in China.    However, I was told ShenZhen will be the leading city for Greater south China and HK is just part of it.

 

With Geneva some stay with local families like a breakfast inn....

 

Sep 23, 2015 03:19 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Hello Sam,  I just shake my head when I see costs of this nature.  The pressure this must impose on people.  Incredible.  Thank you for sharing this information.  Make it a great day.  Mark

Sep 23, 2015 05:01 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

This is an interesting list.  I am surprised to see two Scandinavian cities on it instead of Paris.

Sep 23, 2015 05:42 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Jane Peters 

My son worked for a company from one of those countries(I forget). He told us the gas was like $9 dollars a gallon. Every one walked or rode bike in the winter... Very expensive countries to live....

Sep 23, 2015 07:17 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I'm surprised to see that Tokyo and Chicago goods and services are identical. I've always considered Tokyo to be enormously expensive.

Sep 23, 2015 09:53 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Interesting that only two of them are in the U.S.  I just went and looked up the data for the ten least expensive cities. 

Sep 24, 2015 10:49 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sam

Thanks for sharing the information . . . .

Good luck and success.

Lou Ludwig

Sep 24, 2015 11:31 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

I'm sort of surprised that San Francisco isn't in there! Chicago, huh? No surprise on NYC, tho. 

Sep 25, 2015 12:19 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Sam, Thanks for the list. I am surprised Oslo is on this list. Of course the $1,400 amonth for two furnished cardboard boxes in Toyko is not surprising to me at all. We have been to Toyko a couple of times and prices are very high and the same  with London. 

Sep 25, 2015 06:24 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I'm glad I live in a small city.  We don't need to pay out any more than we do now.

Sep 25, 2015 01:34 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Larry Johnston 

How many active realtors are in Elkhart?

Sep 25, 2015 01:38 PM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

This is very interesting, Sam. I really enjoyed learning about rental rates and the costs of living in these other areas of the world. 

Sep 26, 2015 11:03 AM