Many factors contribute to the cost of living in various countries, but it is now easier than ever for people to move across borders with globalization and increased trade. This can result in higher wages, better job opportunities, and college degrees.
Economist Intelligence Unit published the Most Expensive Cities In The World 2022; If you are looking to change the scenery or move up in the ranks of your career, then these are the top 10 most expensive cities for 2022!. Figuring out how to make the most money will be a crucial task for many in 2022. While people often wish to earn more money, usually they want to spend less.
5 Most Expensive Cities in The World 2022
5. Hong Kong
According to the Economist Intelligence Unit’s Worldwide Cost of Living report, Hong Kong is the fifth most expensive city globally. In addition, Hong Kong has ranked among the top six priciest cities since 1990. The Economist Intelligence Unit’s Worldwide Cost of the Living report found that Hong Kong is ranked as the fifth most expensive city globally with a cost of living score of 101.
Zurich has become the fourth most expensive city in the world to live in, but while you might think that it is just another super expensive city, you need to know that Zurich is a city with a lot of character. Zurich cost of living score of 103.
Singapore is the third most expensive city globally; according to the economist, living expenses in Singapore are higher than ever before. The analysis by UBS found that the monthly rent for an apartment was an average of $3,000, up from $2,700 last year. The Singapore cost of living score of 104.
Paris is the second most expensive city globally based on goods and services. Paris was also ranked tenth in the consumer price index (CPI). The cost of goods and services such as food, clothes, and transportation has increased by 10 percent over the past year—Paris’s cost of living score of 106.
1. Tel Aviv
The most expensive city in the world for 2022 is Tel Aviv; the cost of living index in Tel Aviv is at about 106. The price of goods and services in Tel Aviv is higher than that because of the difference in price levels.
The Most Expensive Cities In The World 2022
1. Tel Aviv
5. Hong Kong
This story originally appeared on University Magazine and was reproduced here with permission.