Five Most Expensive Cities | AirportPreCheck.org

The 5 Most Expensive Cities in the World

airportprecheck.org blog: The 5 Most Expensive Cities in the World

Vacationers, expatriates and the curious may be interested in learning about the world’s most expensive cities. Travelers on a tight budget may want to avoid these locations, while those with a taste for luxury might decide to make some of these cities their next holiday destination. Different criteria can be used to determine the most expensive cities in the world. For instance, some cities may be the most expensive for expatriates, while others may have the highest rent or the most unaffordable housing. In no particular order, here are five of the most expensive cities in the world as selected by the team at AirportPreCheck.org.

Singapore

Based on its high costs for goods and services, Singapore is considered by some authorities to be the most expensive city in the world right now. A comparative survey found that the costs of transportation in Singapore almost triple those of New York. The Asian tech hub ranks as the most expensive city when it comes to buying and operating a car. Expensive travel and utilities costs are passed on to tourists and residents through taxes and price hikes in goods and services, including many hotels. However, food costs in Singapore are significantly lower than similarly expensive Asian cities. Foodies can check out the city-state’s famous hawker centres, where they can find all kinds of delicious, inexpensive delicacies. The team at AirportPreCheck.org recommends staying in the lower cost boutique hotels outside of the pricey City Centre.

Zurich, Switzerland

Zurich is currently Europe’s most expensive city for living. In the Swiss city, a two-bedroom apartment costs an average of $4,100 per month, and a hamburger meal at a fast-food shop requires the hungry patron to shell out around $15. Almost one-fourth of the city’s residents work in investment firms or banks, so the high cost of living may not necessarily be a problem for everyone. Visitors can invest in a low-cost Zurich card, which offers discounts and covers the costs of transportation and entry into museums. Additionally, travelers can take advantage of the city’s free bike program.

Hong Kong

Hong Kong is the most expensive city in the world when it comes to the housing market. The small territory has a large population of over 7 million, making it the fourth most densely populated of all states and sovereign territories in the world. Property and living space are in high demand. The average price of property in Hong Kong is almost 20 times greater than the average household income of residents. The latest living trend in Hong Kong is tiny subdivided apartments, which are split into “cage homes.” These living units are less than 100 square feet in size and cost $385 per month to rent. Fortunately, the city’s expensive housing market does not seem to affect costs for visitors. As a travel destination, the city can be much less costly than similar global cities.

San Francisco, United States

San Francisco has recently earned the top spot as the most expensive place to live in within the United States. The California city’s average monthly rent is $2,077 for a 420-square foot apartment, which is about the minimum size for a single person. Since about 30 percent of household income should be spent on rent, a single person living in San Francisco would have to earn about $86,000 per year to live comfortably. Thus, in order to support a family of four, residents would need to earn about $163,000 in annual household income. To save money on a trip to this expensive city, the team at AirportPreCheck.org recommends taking advantage of the city’s many free and worthwhile art galleries, museums and public parks.

Hamilton, Bermuda

A recent survey placed Bermuda’s capital at the top of the list for its consumer goods costs. Although the city’s average rent comes in below New York and Los Angeles, monthly internet connection can cost over $140, and a milk carton will set the buyer back by $16. The island’s tax rules and natural beauty make it a popular moving destination for those who can afford it. The team at AirportPreCheck.org recommends visiting the island between December and early March, when the season is slow and hotel rooms can be booked for less than half their in-season price.