Top 10 Most Expensive Cities In The World 2016
Everyone in the world wants to live in peace and in pleasurable places so fulfill this there are many such places but these are expensive, so the question is here is which country is most expensive in the world?
A report by the Economist Intelligence Unit (EIU) titled “Worldwide Cost of Living 2016” offers a list that features some of the standard suspects as well as a few surprises about some expensive as well as about cheapest countries, but what is method to check that which country is expensive or which is cheapest so Economist Intelligence Unit collect over 50 thousands prices from a range of stores casing more than 160 items in each city of every country. Then these prices are converted into U.S dollars and New York City is considered as base city before listing.
So here is the list of Top 10 Most Expensive Cities in the World.
10: Los Angeles
Los Angeles is officially known as City of Los Angeles which is included in this list of most expensive as this city made place in this city from 19th position, so this is 2nd largest city in United States of America after that of New York which is largest. It has most population in state which is California as this city Los Angeles is a global city with a miscellaneous economy in entertainment, sports, media, fashion, culture, science, technology, education, medicine and research. One of the main thing that is this city is, it is home of American Film as well as drama Industry therefore Oscars awards always conduct in this city so this city came on this place mainly due to its largely by currency factors.
9: Seoul, South Korea
South Korea is also considered as one of the developing countries of the world therefore this city Seoul is the Capital of the country which is officially known as Special City Seoul so this is also largest city of the country as according to survey it is 14th largest city of the world and second largest metropolitan area. This country is as much developed that over 678,102 international residents lived in this city so according to reports that it is second most livable city in Asia because this city has so much high standard of life therefore this city is also most expensive city in the world because it is expensive to buy groceries, clothing as well as paying utilities so this city grows very much in last five years as this city made its place on this rank from 36th position.
8: Copenhagen, Denmark
Denmark is one of the developed countries of the world so this city Copenhagen is capital as well as most populated city of this country so this city is capital of this country from 15th century as more specialty of this city that this city is known as home of schools and universities. The University of Copenhagen, founded in 1479, is the oldest university in Denmark so this city is considered as most expensive city in the world but it considered as cheaper in case of buying groceries as well as tobacco but in other things this city tied with Los Angeles and Seoul. As this country is expensive but interesting to know that this city is most bicycle lover city.
7: New York
New York is not only in most expensive city but it is in also most beautiful city not only in United States of America but also in the world, it is largest city in USA therefore this is 7th more densely populated city in its country because living standards in this country are very good as well as managed. So total estimated population of this state is 19.1 million therefore New York city is most populous in this state so this state is included in this category therefore this city is permanent member but after the financial crisis in 2008 it was on 22nd position therefore this city climbed 15 places this year to spot on this ranking therefore it is only strength of dollars that makes this city to spot on.
London is most beautiful as well as populated city of England and United Kingdom, as this city is capital of England, London is a leading global city with strengths in the arts, education, entertainment, commerce, fashion, finance, media, professional services, healthcare, research, development, tourism, and transport all contributing to its distinction. So this is one of business centre as it has also fifth strongest economy in this city, this is also smallest city in England with respect to population so this is considered as most expensive from early years but last year this was on 11th position but this made its position on this place therefore most expensive than its neighboring cities. This city has higher concentrations on higher studies because it has 43 universities in this city.
Paris is most beautiful city not only in its country but also in the world as this is also considered as city of fragrance so this city Paris is capital as well as most populated city of France so this is also considered as most expensive but interesting to know that its position is lower than that of last year. This is also first city of France that is included in this list so its position down due to given the lack of confidence in the euro therefore things that are cheaper here than that of other European cities are only Alcohol as well as Tobacco. Main specialty of this city is that it has major and big Highway, train as well as Air Transport service through which 4.5 million people travel every day.
4: Geneva, Switzerland
Switzerland is most beautiful country in the world that everyone wants to visit this country as Geneva is second largest as well as second most populous city this country Switzerland and it is the most populous city of Romandy, the French-speaking part of Switzerland. So this city is global city as because this is also business centre, it has also offices of many organizations of United Nation therefore this city has more number of International Organizations in the world therefore all most expensive city in the world but also second most expensive city in European countries therefore this city is included in this list of most expensive cities for more than 6 to 7 years.
3: Hong Kong
Hong Kong is also most expensive city because it is also business centre of the world but also this city has larger city in which people came here for relax so this city is officially known as Hong Kong Special Administrative Region of the People’s Republic of China. This city has population about 7.2 million therefore Hong Kong is one of the most densely populated region in the world therefore this city contains modern architecture and it has a larger number of high-rises than any other city in the world. This city jumped seven places to reach in list position of this list much it also much cheaper in some aspects because things from China are Cheaper in this city than that of Singapore.
2: Zurich, Switzerland
Zurich is the 2nd city from Switzerland which is included in this list as this also largest as well most populated city of this country so this city Zürich is considered a hub for railways, roads, and air traffic. Zürich is a leading global city; it is also among the world’s chief financial centers in spite of a relatively low population therefore according to survey this city has best standard of life instead of this it has also wealthiest city in European Countries so it is also most livable city in the world but also it is most expensive city in the world so this city climbed on this position from 4th position this years as this city has also large number of largest banks as well as financial institutes.
Singapore is most beautiful and largest business centre in the world, so it is also one of the richest cities with has greater life standard, this city is officially known a Republic of Singapore which is a global city in Southeast Asia and the world’s only island city-state. Singapore’s cultural composition is 76.2% Chinese, with significant minorities of Malays which make up 15% and Indians which make up 7.4% of the population; it is also major hub of Finance, transport as well as commerce therefore this is easiest place to do business because this is 3rd-largest foreign exchange centre, 4th-largest financial centre so this city is also most expensive city in the world as most expensive to buy as well as drive a car therefore placed on 1st position for 3 years.