Subscribe Now

travelers today

Home » Leisure

Top 10 Most Expensive Cities To Visit In 2016

Travelers Today       By    Joseph Peter Capaque

Updated: May 30, 2016 06:00 AM EDT

Text Size: A A A

Economist Intelligence Unit names an Asian country as the world's most expensive city, having high cost for car ownership, transportation, utilities and clothing.

Here are the 10 most expensive in the world out of 133 cities.

Top 8: Los Angeles, United States of America

Los Angeles has become more and more expensive with the rise of prices in transportation and food. Clothes are also expensive in this city as the residents invest heavily in this commodity.

Top 8: Seoul, South Korea

It has high costs in clothing and utilities, the same as Copenhagen and Los Angeles. It is also famous for its medical tourism industry in Asia.

Top 8: Copenhagen, Denmark

The cost of living in Copenhagen is high compared with the offered salaries.

Top 7: New York, United States of America

With the American dollar getting stronger and with local inflation, New York is gaining momentum with regards to being expensive. It is a city of dreams but investment in staying at this place is not cheap.     

Top 6: London, England

The salary of working people in London remains stagnant but the marketplace has not kept up with rising real estate prices and inflation.

Top 5: Paris, France

The weakening of the euro surprisingly does not affect the cost of living in Paris. It is still extremely costly to live in the city.

Top 4: Geneva, Switzerland

Everything, including entertainment and recreation, is expensive in Geneva.

Top 3: Hong Kong, China

Soaring real estate prices and cost of living in the past year puts Hong Kong in the top 3 spot.

Top 2: Zurich, Switzerland

The largest city in Switzerland attributes its top 2 spot to the un-pegging of the Swiss franc from the euro.

Top 1: Singapore, Singapore

While basic necessities such as food and clothing are affordable in this city-state country, real estate prices and car ownership rates are really high.

Interestingly, the world's least expensive cities are Damascus in Syria, Caracas in Venezuela, New Delhi in India, Almaty in Kazakhstan, Algiers in Algeria, Chennai in India, Karachi in Pakistan, Mumbai in India, Bangalore in India, and Lusaka in Zambia.

The Economist Intelligence Unit releases reports on the cost of living worldwide every year.

See Now: The U.S. had the highest number of Most Wanted properties, dominating the Hotels.com Loved By Guests Awards 2018

Tags
expensive cities , Zurich , switzerland , Hong Kong , Geneva , switzerland , paris , london , new york , copenhagen
© 2023 Traverlers Today, All rights reserved. Do not reproduce without permission.
Join Our Conversation

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Most Popular

6 Tips For Traveling With Young Children

6 Tips For Traveling With Young Children

Planning for a trip takes some time, even if it's just you g

How Traveling Can Make You Happy

How Traveling Can Make You Happy

If you have never traveled before but are thinking of doing so then

Scottish Islands: The Best Places to Reside!

Scottish Islands: The Best Places to Reside!

So there are a few islands that can be found off the Sco

How to Plan a Multi-Destination Honeymoon During COVID

How to Plan a Multi-Destination Honeymoon During COVID

You need to know how to plan appropriately and

7 Tips for Amazing Campus Visits

7 Tips for Amazing Campus Visits

A campus visit's significance could not be overstated. After all, fo

4 Tips For Curating The Perfect Gallery Wall

4 Tips For Curating The Perfect Gallery Wall

Having a gallery wall brings plenty of benefits to your

Water Travel Options That Don’t Involve a Cruise

Water Travel Options That Don’t Involve a Cruise

There is something equally relaxing and invigorati

Photo by Erik Odiin on Unsplash

Things That Will Help Cost-Conscious Vacationers Save Money

There are several ways you can significan

Photo by Mikhail Nilov from Pexels

How to Make Vet Visits Affordable in 2022

If the situation is minor, you might be lucky and get away

Photo by Tim Samuel from Pexels

Know Your Florida Driving Rules

There is so much to do in the region, but we want to focus on some of

Photo by Ging Ang from Pexels

Holidaying in your own Country: Try these Fun Trips!

Many countries are opening their borders, but if

Photo by Jessica Lewis Creative from Pexels

The Best Tech Tools for Expats

Here’s a quick look at most versatile tech tools for expats on the m

Photo by Tobi from Pexels

How to Turn a Road Trip Into A Luxury Adventure

But a road trip doesn’t have to mean living on the

Australian Citizenship Test: Everything You Need to Know

Australian Citizenship Test: Everything You Need to Know

Do you want to become a citizen of Australia

Hair transplant Istanbul: Why is it so popular?

Hair Transplant Istanbul: Why is it so Popular?

Getting a hair transplant in Istanbul is affordable i

What’s Going on with Rental Cars Right Now?

What’s Going on with Rental Cars Right Now?

They are incredibly expensive, and they’re also in sh

Role of Professional companies in International Trade

Role of Professional companies in International Trade

International trade holds great importance in a

The 5 Best Wines from Germany

The 5 Best Wines from Germany

Riesling is Germany’s best-known wine, but the country makes other fi

Here's Why You Should Go Camping On Weekends

Here's Why You Should Go Camping On Weekends

There is nothing like the great outdoors –– nature

The Best Tote Bags To Travel With in 2022

The Best Tote Bags To Travel With in 2022

Who knew you could pack your entire life away into one litt

7 Captivating Attractions for Kids in San Diego

7 Captivating Attractions for Kids in San Diego

San Diego is a magnificent place, and it would not be

travelers today

© 2023 TRAVELERS TODAY All rights reserved.

Subscribe to our newsletter
Real Time Analytics