The analysis takes various factors to position more than 200 cities around the world.
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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Ryan Mac/Unsplash
2. Singapore
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Swapnil Bapat/Unsplash
3. Zurich
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Henrique Ferreira/Unsplash
4. Gin
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5. Basel
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Vincent Ghilione/Unsplash
6. Bern
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Blue Alps/Unsplash
7. New York
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Colton Duke/Unsplash
8. London
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9. Nassau
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Georgy Trofimov/Unsplash
10. Los Angeles
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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
