One positive to living here, however, is that earning potential is relatively high. To buy a 350 square foot studio in Paris would cost over half a million dollars ($520,734). Paris’ real estate prices are partly what makes this iconic city extremely expensive, as well as high retail prices for well-known brands like Adidas or Nike. The City of Love, famous for fine dining and art galleries, comes in as the 9 th most expensive city. Sydney’s exorbitant rent prices play a big role in making this one of the most expensive cities to live in the world, with the weekly rent for a one-bedroom apartment ranging from $450-$550, and a two-bed starting at around $650 per week. According to the EIU it comes in at 10 th place, a place it shares with Copenhagen, Denmark. Though Sydney has sought-after beaches and is brimming with green spaces, it’s also battling to keep up with inflation following the covid-19 pandemic. Worldwide cost of living prices have risen by 8.1% year on year, according to the latest survey.įrom fluctuating real estate markets, transport and food costs, to the general rising cost of living driven largely by the Ukraine war for many European cities, read on for the top ten most expensive cities to live in the world. The Economic Intelligence Unit (EIU) uses research and analysis to produce the Worldwide Cost of Living report, which tracks prices of over 200 goods and services in 172 cities around the world. With food, rent, and transportation prices shooting through the roof, seeing the sky-high cost of living in these countries might give you, at least, some comfort. Feeling the strain of the cost of living crisis, the ever-rising gas and electricity bills, and wondering how to pay the next one? Well, let’s take a moment and spare a thought for the ‘unlucky’ few who live in the top 10 most expensive cities in the world.

Global city price ranking