The Most Expensive Cities in the World in 2024

In 2024, the cost of living has skyrocketed across the globe, with several cities remaining at the top of the list for their high prices in rent, groceries, transportation, and luxury services. These cities are hubs of economic activity, tourism, and expat life, but they come with a hefty price tag. Below is a rundown of the world’s priciest cities for both residents and travelers.

Hong Kong

Hong Kong continues to hold its reign as the most expensive city in the world. With its limited space and ever-growing demand, real estate prices are at an all-time high, making housing a significant factor driving up costs. Living in Hong Kong can be a challenge for many due to these high costs, with rent and luxury goods pushing the overall expense beyond what is typical even in other major cities.

Singapore

Singapore retains its position as one of the most expensive places in the world to live. The cost of owning a car is astronomical due to high taxes, and real estate is also very costly, particularly in the central business district. Despite the high expenses, Singapore remains a key destination for international businesses and expatriates, partly due to its strategic location in Southeast Asia and its status as a global financial center.

Zurich, Switzerland

Zurich is one of the wealthiest and most expensive cities in Europe. Renowned for its excellent quality of life, the city combines high living costs with exceptional public services and infrastructure. Housing, though less expensive than in Hong Kong or Singapore, remains a major expenditure.

Geneva, Switzerland

Close behind Zurich is Geneva, another Swiss city that ranks high in terms of cost. Geneva is known for its luxury living, high-end shopping, and as the home of many international organizations and businesses. The high costs in Geneva can be attributed to its real estate prices, which continue to rise, and its luxury-oriented economy.