FX.co ★ Top 5 most expensive cities to move to

Hong Kong, China

Hong Kong is considered the most expensive city to move to. For two years, this metropolis has maintained its position as the most expensive location in the world, bolstered by higher prices and a stronger currency. According to a study by ECA International, the cost of living in Hong Kong is off the scale: a cup of coffee will cost $5.21, a liter of gasoline – $3.04, and a kilogram of tomatoes – $11.51. Utility prices are also very high. Despite this, Hong Kong remains an attractive destination for tourists, businessmen, and immigrants, offering ample opportunities for investment and career growth.

Singapore

The second place in this rating goes to Singapore, a megacity with a developed infrastructure and loads of opportunities. Singapore has a diverse ethnic culture, stunning architecture, and unique cuisine. This is one of the most popular destinations for tourists and immigrants. Despite its reputation as a luxury city, Singapore has affordable options for people on a tight budget. For those who have moved, the high cost of living, including utilities, is rather crucial. Market prices in Singapore reflect the country's position as the financial center of Asia and a state with a strong economy.

Zurich, Switzerland

Zurich is in third place on the list of the most expensive cities to move to. Despite the fact that the cost of living in the world's largest financial center is very high, Zurich is considered one of the most comfortable cities to live in. It is a popular travel destination for tourists, with lots of luxury shops, world-class restaurants, and excellent public transport. The city's thriving economy and rich career opportunities attract many people. Zurich is one of the most expensive cities in the world. However, the high cost of goods and services is offset by the excellent quality of products.

Geneva, Switzerland

The fourth position in this ranking is taken by another Swiss city – Geneva. Switzerland is known for its high cost of living, including food as well as industrial products and utilities. Prices for electricity, gas, and water are higher compared to other countries. The high quality of life in Geneva has a downside: the exorbitant prices for basic services, e.g. payment for housing, transport, and food. This financial center is known for its luxurious lifestyle. This is another factor that boosts prices. Growing demand and a strong economy, as well as high wages in the country also fuel the cost of living.

New York, US

New York is a dream city for many immigrants. The high cost of living in this American city is attributed to global pricing trends. New York holds a leading position as the most comfortable and at the same time the most expensive city to live in. Renting a small furnished studio with modern renovation costs $1,500 per month and above. Nevertheless, it does not spoke those who are planning to move to this famous city. According to the estimates of ECA International, New York is a modern, innovative, and the most populous city on the Atlantic coast, which is distinguished by its multinational nature: representatives of many cultures coexist there. This is the largest financial, economic, and trade center of the world, which is often called the capital of the world.