Last month, global mobility company ECA International released its annual list of the world’s most expensive cities to live in. To the surprise of Brazilians, none of our cities was listed in the top 100 of the ranking — data that may sound frivolous for those who live in cities like Rio de Janeiro and São Paulo.
For the preparation of the list , the company makes its calculations based on a number of factors, which include the average price of staples like milk and cooking oil, rent, utilities, public transport, and the strength of the local currency. See which were the six cities that received the title of “most expensive to live in” in 2022!
6. Tel Aviv
Situated on the Mediterranean coast of Israel, Tel Aviv is the second largest city in the country and has an estimated population of 460 thousand inhabitants. Tel Aviv was founded by a Jewish community in 1909 on the outskirts of the ancient Arab port city of Jaffa, having seen strong growth in a short time.
The city is the financial capital of the country and one of the main centers financial and performing arts from around the world. In addition, Tel Aviv is also constantly called the “city that never sleeps” and the “party capital” because of its intense nightlife.
5. Tokyo
Capital of Japan, Tokyo has more than 13.4 million inhabitants — totaling 37 million with its Metropolitan Region. In addition to being one of the most famous cities in the world, it also holds the title of the most populous urban area on Earth. Like Tel Aviv, it is a major world financial center.
Tokyo is Japan’s main political, financial, commercial, educational and cultural center, attracting people from all over the world to visit it. It also has the largest concentration of commercial company headquarters, higher education institutions, theaters and other commercial and cultural establishments in the country.
4. London
In addition to being the capital of the United Kingdom and the land of the Queen, London has a wealth of history and invaluable financial. The region was founded by the Romans before becoming what it is today. With a population of close to 9 million, central London is home to more than half of the UK’s top 100 companies.
If that weren’t enough, 100 of Europe’s top 500 companies have also your headquarters there. This is a city with an important influence on politics, finance, education, entertainment, media, fashion, arts and culture around the world — not to mention that it has hosted three Olympics.
3. Geneva
With a population of just 200,000, Geneva is by far the most expensive city to if live less populated of the list. Even so, it is Switzerland’s second most populous city and has great global influence. Next to New York, Geneva is the most important center of diplomacy and international cooperation because of the international conventions it receives.
This is the main reason for having received the label of “City of Peace “. It was also where the Geneva Conventions, a series of treaties relating to international humanitarian law in times of war, took place. In 2019, Geneva was ranked among the ten most liveable cities for its quality of life — which justifies the cost.
2. New York
After talking about important global economic centers, of course New York could not stay from off the list. With 8.8 million inhabitants, it is the most populous city in the United States and the third most populous city in the Americas. The city has a significant impact on commerce, finance, media, art, fashion, research, technology, education and entertainment across the planet.
New York is home to the Wall Street Stock Exchange, the Statue of Liberty, as well as Broadway theaters — just a small sample of what the city has to offer. Every year, 50 million people travel from all over the world to visit it.
1. Hong Kong
For the third year in a row, Hong Kong appears as the leader in the ranking of most expensive to live by ECA International. With a total population of almost 8 million, the competitive and tight housing market makes the cost of living to live there skyrocket — also being one of the most densely populated areas in the world.
However, the city is known for its skyscraper-filled skyline and deep natural harbor. Also a major international financial center, Hong Kong has a large capitalist service economy characterized by low taxes and free trade, with its currency being the eighth most traded in the world.
