Top 10 Most Expensive Cities In The World 2023
Most expensive cities in the world
Want to know what are the most expensive cities in the world for international workers? Hong Kong tops Mercer’s 2022 cost of living city rankings, based on our latest research, followed by Zurich and Geneva, while Ankara closes the ranking in 227th place. Also, this list includes four cities in Switzerland. Let’s see the top 10 most expensive cities in the world 2023!
10. Beijing, China
Beijing is China’s capital and second most populated city, in which more than 21 million people live within the administrative area of 6336 square meters. According to the Mercer Index, Beijing is the 10th most expensive city in the world by 2023. It was the tenth most expensive city to stay in the index of Mercer last year.
Apart from this, seven UNESCO’s world heritage sites in Beijing, all of which are popular tourist places. It is home to headquarters of China’s largest state-owned companies and Fortune Global is the largest number of 500 companies in the world, as well as the total assets are also the world’s largest financial institutions. “World’s Billionaire Capital” with a billionaire living in Beijing city.
- Population: 21.33 million
09. Tokyo, Japan
According to the Mercer Index, Tokyo is ninth among the top 10 most expensive cities in the world 2023. It was ranked fourth in the 2021 index. Tokyo is the capital and most populous prefecture of Japan. It is the political and economic center of the country, as well as the seat of the Emperor of Japan and the national government.
Additionally, the prefecture has an estimated population of 37.27 million. Also, the Greater Tokyo area is the world’s most populous metropolitan area with an estimated 37.27 million residents in 2023. The city that never sleeps has been reputed as the city of sleep due to the huge amount of financial activities that take place here.
- Population: 37.27 million
08. Singapore City
Singapore is a sovereign island city-state in Maritime Southeast Asia. It was ranked the 7th most expensive place to live and work in 2021 by Mercer Cost of Living. Singapore ranks 8th among the top 10 most expensive cities in the world 2023. Singapore The island city-state in Southeast Asia has been one of the most stable economies in the world.
The country’s economy depends on its manufacturing, financial services and tourism. In addition, Singapore has the second highest population density in the world. With a multicultural population and recognizing the need to respect cultural identity, Singapore has four official languages, English, Malay, Mandarin and Tamil.
- Population: 5.45 million
07. New York City, United States
New York City is the most populous city in the United States. With a population of 18.9 million in 2020, New York City is the most densely populated major city in the United States. New York City is located at the southern tip of the state of New York. New York is the seventh most expensive city in the world.
New York City is a global cultural, financial, entertainment and media center with significant influence on commerce, health care and life sciences, research, technology, education, politics, tourism, cuisine, arts, fashion and sports.
Home to the headquarters of the United Nations, New York is an important center of international diplomacy, and is sometimes described as the capital of the world. New York City is a global center of trade and commerce and an established safe haven for global investors.
- Population: 18.9 million
06. Tel Aviv, Israel
Tel Aviv-Yafo is the most populous city in Israel. Located on Israel’s Mediterranean coast and with a population of 467,875, it is the economic and technological center of the country. If East Jerusalem is considered part of Israel, Tel Aviv is the second most populous city in the country after Jerusalem.
Tel Aviv is governed by the Tel Aviv-Yafo Municipality, led by Mayor Ron Huldai, and is home to most of Israel’s foreign embassies. It is a Beta+ world city and ranked 57th in the 2022 Global Financial Centers Index.
Tel Aviv has the third or fourth largest economy and the largest economy per capita in the Middle East. The cost of living in the city is currently one of the highest in the world. Tel Aviv receives over 2.5 million international visitors annually.
Tel Aviv has been called the “Vegan Food Capital of the World” because it has the highest per capita population of vegetarians in the world, with many vegetarian eateries throughout the city.
- Population: 436,000 (approximately)
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05. Bern, Switzerland
Bern is the capital city of Switzerland and the 5th most expensive city in the world 2023. The city was ranked tenth in the Mercer 2022 Index. It is referred to by the Swiss as their “federal city”. With a population of approximately 141,000 (as of 2023), 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.
- Population: 441,000 (approximately)
04. Basel, Switzerland
Basel is a city on the Rhine River in Switzerland. With approximately 175,000 inhabitants, Basel is the third most populous city in Switzerland. The official language of Basel is German, but the main spoken language is the local Basel German dialect. Basel 3rd in Switzerland and 4th most expensive city in the world 2023.
Basel is generally considered the cultural capital of Switzerland and the city is famous for its many museums, including the Kunstmuseum, the first collection of art accessible to the public in the world and the largest museum of art in Switzerland. Forty museums are spread throughout the city-canton, making Basel one of the largest cultural centers in Europe in relation to its size and population.
- Population: 570,000
03. Geneva, Switzerland
Geneva is the second most populous city in Switzerland after Zurich. Its most populous city is Romandy, the French-speaking part of Switzerland. Geneva is the headquarters of several United Nations bodies. Located where the Rhne exits Lake Geneva, it is the capital of the Republic and the Canton of Geneva.
In addition, Geneva hosts the most international organizations in the world. Also, it is a city that serves as the headquarters of one of the most important international organizations without a country’s capital.
Additionally, in 2019, Geneva was ranked among the ten most livable cities in the world by Mercer, along with Zurich and Basel. The city is known as the world’s most compact metropolis and the “Peace Capital”. Mercer ranked Geneva as third in the top 10 most expensive cities in the world 2023.
- Population: 620,000 (approximately)
02. Zurich, Switzerland
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 north-western tip of Lake Zurich.
In addition, both Zurich Airport and Zurich’s main railway station are the largest and busiest railway stations in the country. Zurich is the second most expensive city in the world 2023, it was ranked fifth in the 2022 index. Along with the cost of living, food and entertainment are also expensive here.
- Population: 1.4 million
01. Hong Kong City
Hong Kong is a city and special administrative region of China on the eastern Pearl River Delta in southern China. According to Mercer, Hong Kong is the most expensive city in the world by 2023. It was ranked as the most expensive city to live and work in 2023. With over 7.5 million residents 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.
In addition, Hong Kong has the fifth largest number of billionaires in the world. Also, 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 highest number of skyscrapers of any city in the world. The life expectancies of its residents are among the highest in the world.
- Population: 7.5 million
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