Top 10 Most Expensive Cities in the World
According to Mercer’s 2011 Cost Of Living Survey released, Luanda of Angola, and N’Djamena of Chad, both African cities, out of my expectation, ranked 1st and 3rd on the list. This again mainly due to the high cost of finding houses for expatriates, though Republic of Chad is one of the poorest country in the world. Otherwise, the cost to travel to the rest of the top 10 cities seems to be as high. Japan, Switzerland, and Singapore are best known for their high visiting cost for tourists from around the world. Here I list out not the top 5 but Top 10 Most Expensive Cities In The World:
10. Sao Paulo, Brazil
São Paulo is the largest city in Brazil, the largest city in the western and southern hemisphere, and the world’s eighth largest city by population. The city is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among the five-largest metropolitan areas on the planet. São Paulo is the capital of the state of São Paulo, the most populous Brazilian state and exerts strong regional influence in commerce and finance as well as arts and entertainment. São Paulo maintains strong international influence and is considered an Alpha – World City. The metropolis has significant influence nationally and internationally, in terms of culture, economy and politics.
9. Hong Kong
As one of the world’s leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the currency, Hong Kong dollar, is the ninth most traded currency in the world. The lack of space caused demand for denser constructions, which developed the city to a centre for modern architecture and the world’s most vertical city. The dense space also led to a highly developed transportation network with public transport travelling rate exceeding 90 percent, the highest in the world. Hong Kong has numerous high international rankings in various aspects. For instance, its economic freedom, financial and economic competitiveness, quality of life, corruption perception, Human Development Index, etc., are all ranked highly.
Singapore is a Southeast Asian city-state off the southern tip of the Malay Peninsula, 137 kilometres (85 mi) north of the equator. Singapore is the world’s fourth leading financial centre, and its port is one of the five busiest ports in the world. The economy heavily depends on the industry and service sectors.
7. Zurich, Switzerland
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich. Zurich is a mixed hub for railways, roads, and air traffic. Both Zurich Airport and railway station are the largest and busiest in the country. Zurich is a leading global city and among the world’s largest financial centres. The city is home to a large number of financial institutions and banking giants. According to several surveys from 2006 to 2008, Zurich was named the city with the best quality of life in the world as well as the wealthiest city in Europe.
6. Osaka, Japan
Osaka located at the mouth of the Yodo River on Osaka Bay, Osaka is the third largest city by population after Tokyo and Yokohama. Historically the commercial capital of Japan, Osaka functions as one of the command centers for the Japanese economy. The ratio between daytime and night time population is 141%, the highest in Japan, highlighting its status as an economic center. Its nighttime population is 2.6 million, the third in the country, but in daytime the population surges to 3.7 million, second only after Tokyo. Osaka used to be referred to as the “nation’s kitchen” in feudal Edo period because it was the centre of trading for rice, creating the first modern future exchange market in the world.
5. Geneva, Switzerland
Geneva is the second most populous city in Switzerland (after Zürich) and is the most populous city of Romandie, the French speaking part of Switzerland. While the municipality itself (downtown ville de Genève) has a population (as of December 2010) of 191,415, the canton of Geneva (République et Canton de Genève, which includes the city) has 457,628 residents (as of December 2009). The agglomeration has 1,240,000 residents. Geneva is a global city, a financial centre, and a worldwide centre for diplomacy and the most important UN international co-operation centre with New York thanks to the presence of numerous international organizations, including the headquarters of many of the agencies of the United Nations and the Red Cross.
4. Moscow, Russia
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent. Moscow is the most northern city on Earth to have a population above 10,000,000, the most populous city on the continent of Europe, and the seventh largest city proper in the world. Its population, according to the preliminary results of the 2010 census, is 11,514,300. Based on Forbes 2011, Moscow had 79 billionaires, displacing New York as the city with the greatest number of billionaires.
3. N’Djamena, Republic of Chad
N’Djamena, population 993,492 (2009), is the capital and largest city of Chad. A port on the Chari River, near the confluence with the Logone River, it directly faces the Cameroonian town of Kousséri, to which the city is connected by a bridge. It is also a special statute region, divided in 10 arrondissements. It is a regional market for livestock, salt, dates, and grains. Meat, fish and cotton processing are the chief industries, and the city continues to serve as the centre of economic activity in Chad, despite the violent civil conflicts.
2. Tokyo, Japan
Tokyo has been described as one of the three “command centers” for the world economy, along with New York City and London. This city is considered an alpha+ world city, listed by the GaWC’s 2008 inventory and ranked third among global cities by Foreign Policy’s 2010 Global Cities Index. In 2010 Tokyo was named the second most expensive city for expatriate employees, according to the Mercer and Economist Intelligence Unit cost-of-living surveys, and named the fourth Most Liveable City and the World’s Most Livable Megalopolis by the magazine Monocle. The Michelin Guide has awarded Tokyo by far the most Michelin stars of any city in the world. Tokyo hosted the 1964 Summer Olympics and is currently bidding to host the 2020 Summer Olympics.
1. Luanda, Republic of Angola
Luanda, formerly named São Paulo da Assunção de Loanda, is the capital and largest city of Angola. Located on Angola’s coast with the Atlantic Ocean, Luanda is both Angola’s chief seaport and administrative center and has a population of at least 5 million (2008). It is also the capital city of Luanda Province. The city is currently undergoing a major reconstruction, with many large developments taking place that will alter the cityscape significantly. Luanda is the most expensive city in the world.