Top 10 Most Expensive City in the World 2023

Table of Contents

Where do you live? Do you think it is expensive? Ever wondered which are the 10 Most Expensive City in the World to live in?

Here, we have an article that is targeted not only for people who want to relocate or love to travel the world, but also for entrepreneurs who are looking to start a business in a particular city. In today’s post, we will tell you about the 10 most expensive cities in the world in 2023.

According to the Mercer Cost of Living survey. Ashgabat, Hong Kong and Beirut top the list of most expensive cities for international workers in 2022! Along with this, 3 cities of Switzerland are also included in this list. Let us see the top 10 Most Expensive City in the World 2023. let’s See!

List of Top 10 Most Expensive City in the World 2023

10. Beijing, China

Population: 20.89 million

Beijing is the capital and second most populous city of China, with over 20 million people living in an administrative area of 6336 square kilometers. According to the Mercer Index, Beijing is the tenth most expensive city in the world in 2023. It was the 10th most expensive city to live in last year’s Mercer Index.

In addition Beijing has seven UNESCO World Heritage Sites, all of which are popular tourist destinations. It is the headquarters of China’s largest state-owned companies and one of the Fortune Global 500 world’s largest companies, as well as the world’s largest financial institution by total assets. The “Billionaire Capital of the World” with a billionaire living in the city of Beijing.

9. Tokyo, Japan

Population: 14.04 million

According to the Mercer Index, Tokyo ranks ninth among the top 10 most expensive cities in the world in 2023. It was ranked third in the 2020 index. Tokyo is the capital and most populous prefecture of Japan. It is the country’s political and economic center as well as the seat of the Emperor of Japan and the national government.

Additionally, the province has an estimated population of 14.04 million. Also, the Greater Tokyo area is the world’s most populous metropolitan area with an estimated 37.468 million residents in 2018. The city that never sleeps has been hailed as the sleepy city because of the huge amount of financial activities that take place here.

8. Singapore

Population: 5.45 million

Singapore is a sovereign island city-state in Maritime Southeast Asia. It was ranked the eighth most expensive city to live and work in 2020 by Mercer Cost of Living. Singapore to be the seventh most expensive city in the world in 2023. Singapore The island city-state in Southeast Asia has had one of the most stable economies in the world. The country’s economy depends on its manufacturing, financial services and tourism.

Furthermore, Singapore has the second highest population density in the world. In recognition of a multicultural population and the need to respect cultural identity, Singapore has four official languages, English, Malay, Mandarin and Tamil.

7. New York City

Population: 8.38 million

With an increasingly high cost of living stemming from its vibrant economy, New York City has a reputation for ridiculous pricing. According to Mercer, it is the seventh most expensive destination in the world and second only to Hong Kong on the ECA list.

The population density is evident no matter where you land in NYC, making real estate a hot commodity and an expensive investment. Rent is higher in NYC than almost any other city in the world. With many of the world’s wealthiest individuals living, working and shopping in the area, prices for everyday items are naturally high.

Also Read: – Top 10 Most Dangerous Cities in the US 2023

6. Shanghai, China

Population: 29.7 million

Shanghai is one of the four directly administered municipalities of the People’s Republic of China. With a population of 29.7 million, it is the most populous urban area in China, and the third most populous city in the world. Furthermore, it is the only city in East Asia with a GDP higher than that of its respective capital.

In addition, Shanghai is a global center of finance, trade and economics, research, education, science and technology, manufacturing, tourism, culture and transportation. It is one of the largest ports in the world. According to the Mercer Cost of Living survey, Shanghai will be the sixth most expensive city in the world in 2023.

5. Bern, Switzerland

Population: 433,000 (approx)

Bern is the capital of Switzerland, and the fifth most expensive city in the world in 2023. The city was ranked eighth in the Mercer 2020 index. It is known by the Swiss as their “Federal City”. With a population of approximately 144,000 (as of 2022), Bern is the fifth most populous city in Switzerland.

Furthermore, the structure of Bern’s city center is largely medieval and has been recognized by UNESCO as a cultural World Heritage Site. Perhaps its most famous sight is the Zytglogge, an elaborate medieval clock tower with a moving puppet.

4. Beirut, Lebanon

Population: 2.43 million

Beirut is the capital and largest city of Lebanon. It is the fourth most expensive city in the top 10 most expensive cities in the world in 2023. The city was ranked 45th in Mercer’s 2020 index. The cost of living in the port has increased significantly over the last one year due to the severe and widespread economic slowdown, financial crisis in the country, COVID-19 and the escalation of multiple crises.

In addition, Greater Beirut has a population of 2.43 million, making it the third largest city in the Levant region. Beirut has been inhabited for more than 5,000 years, and was one of the most prominent city-states of Phoenicia, making it one of the oldest cities in the world. The first historical mention of Beirut is found in the Amarna letters of the New Kingdom of Egypt, which date back to the 15th century BC.

3. Geneva, Switzerland

Population: 620,000 (approx)

Geneva is the second most populous city in Switzerland after Zurich. It is the most populous city, Romandie, the French-speaking part of Switzerland. Geneva is the headquarters of several United Nations bodies. Located where the Rhine exits Lake Geneva, it is the capital of the republic and canton of Geneva.

Furthermore, Geneva hosts the largest number of international organizations in the world. Also, it is a city that serves as the headquarters of one of the most important international organizations without being the capital of the country.

Additionally, in 2019, Geneva was ranked among the ten most liveable cities in the world by Mercer, along with Zurich and Basel. The city is known as the world’s most compact metropolis and the “Capital of Peace”. In 2023, Mercer ranked Geneva as third in the top 10 most expensive cities in the world.

2. Zurich, Switzerland

Population: 1.4 million

Zurich is the largest city in Switzerland and the capital of the canton of Zurich. Despite its relatively small population, Zurich is one of the largest financial centers in the world. The city is home to several financial institutions and banking companies. The city is located in north-central Switzerland at the northwestern tip of Lake Zurich.

In addition, both Zurich Airport and Zurich Main Train Station are the largest and busiest train stations in the country. Zurich is the Second most expensive city in the world to live in 2023, up from fourth place in the 2020 index. Along with the cost of living here, food and entertainment are also expensive.

1. Hong Kong

Population: 7.5 million

Hong Kong is a city and special administrative region of China on the eastern Pearl River Delta in southern China. According to the Mercer Cost of Living survey It is the most expensive city in the world in 2023. It was ranked as the most expensive city to live and work in 2020. With over 7.5 million inhabitants of various nationalities in an area of 1,104 square kilometers (426 sq mi), Hong Kong is one of the most densely populated places in the world.

Furthermore, Hong Kong has the fifth largest number of billionaires in the world. Plus, Hong Kong is one of the most developed cities in the world with the most expensive housing.

Hong Kong is a highly developed city and ranks fourth in the United Nations Human Development Index. The city has the largest number of skyscrapers than any other city in the world. The life expectancy of its residents is among the highest in the world.

FAQs

Q1) Which is the richest city in the world?

Ans: The richest city in the world is Hong Kong.

Q2) Which is the richest city in India?

Ans: India’s richest city is Mumbai, the capital of Maharashtra, followed by Delhi.

Q3): What is the name of the world’s richest country?

Ans: America is the richest country in the world.

Conclusion:

I hope you liked my article “10 Most Expensive Cities in the World”. I have tried my best to explain every information related to the most expensive city in simple words so that you do not need to visit any other website regarding this topic. If you liked this information or learned something new, please share it on other social media networks like WhatsApp, Facebook, Telegram etc.