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the Buenos Aires post

the Buenos Aires post
the Buenos Aires post

The analysis takes various factors to position more than 200 cities around the world.

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The financial services company Mercer made a report on the most expensive cities in the world in 2024, taking different factors as reference, including food and transportation rates. The analysis makes many comparisons, where the high cost of housing prices and inflation play a very important role for the positions in the ranking.

Furthermore, the study details the data on costs of living for people looking to move to certain cities, both for digital nomads, who work remotely, and those looking for professional opportunities in that location.

In this way, the choice to move can be both encouraged and discouraged, since the work and therefore economic aspects logically mark an interest in the interested person.

Thus, the ranking places the city of Hong Kong as the most expensive, justifying the choice in the high costs of the real estate market and the very high prices of goods and services. The autonomous territory located in southeastern China also offers a very competitive labor market and great multiculturalism.

An enormous number of skyscrapers that seem to have no end, position the city as one of the largest financial centers in the worldbecoming a difficult destination for those seeking to advance in their professional careers.

In addition, Switzerland maintains its reputation as one of the best countries to live in the world, but also the most expensive: There are four cities in the European country in the top 10.

The top 10 of the ranking of the most expensive cities in the world

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The Asian city took first place in 2024.

The Asian city took first place in 2024.

Ryan Mac/Unsplash

2. Singapore

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The city-state is one of the most sought after destinations in recent years.

The city-state is one of the most sought after destinations in recent years.

Swapnil Bapat/Unsplash

3. Zurich

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Zurich is positioned as the most expensive in Europe, completing the podium.

Zurich is positioned as the most expensive in Europe, completing the podium.

Henrique Ferreira/Unsplash

4. Gin

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5. Basel

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Basel is located along the Rhine River in northwest Switzerland, near the country's border with France and Germany.

Basel is located along the Rhine River in northwest Switzerland, near the country’s border with France and Germany.

Vincent Ghilione/Unsplash

6. Bern

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Bern, the capital of Switzerland, is the fourth to appear in that country.

Bern, the capital of Switzerland, is the fourth to appear in that country.

Blue Alps/Unsplash

7. New York

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The Big Apple, one of the most visited cities in the world, appears on the list.

The Big Apple, one of the most visited cities in the world, appears on the list.

Colton Duke/Unsplash

8. London

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London, a tourist destination par excellence, as well as for job opportunities.

London, a tourist destination par excellence, as well as for job opportunities.

9. Nassau

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Nassau is the capital of the Bahamas, and is known for its paradisiacal beaches.

Nassau is the capital of the Bahamas, and is known for its paradisiacal beaches.

Georgy Trofimov/Unsplash

10. Los Angeles

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Los Angeles, the cradle of American cinema and full of emblematic locations, completes the ranking.

Los Angeles, the cradle of American cinema and full of emblematic locations, completes the ranking.

Owen Lystrup/Unsplash

Comparing to the previous year, Buenos Aires fell 32 places and is ranked number 77being displaced in the ranking by the capital of Uruguay, Montevideowhich was positioned as the most expensive in South America, at 42nd.

Furthermore, they appear Sao Paulo (Brazil) and Santiago, Chile) in positions 124 and 160, respectively. In this way, the study marks the wide difference between Latin America and places like Europe, Asia and North America, in terms of cost of living.

Source: Ambito

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