Several factors are taken into consideration while ranking costliest cities in the world. Costliest cities are in fact the richest and the most influential among other cities. Economic condition, political stability, living conditions etc are some of the factors that are taken into account while determining rankings. There may be other cities which are equally rich but here we present the top 10 costliest cities in the world for 2011 based on expenses on living.
So here we are with the most expensive city Tokyo. Japan’s economy thrives in Tokyo which is also its capital. It is spread over an area of 2187 sq km. The population stands at over 13 Million thereby making it the most populated city on earth. You will not find a single skyscraper here because Tokyo is highly earthquake prone and several earthquakes had hit the city in the past. Living cost is very costly in Tokyo.
The second costliest city in the world is gorgeous Paris. Paris is famous for the breathtaking architectures and timeless historical buildings. It is Europe’s second largest city. Every year 45 million tourists come to visit Paris out of which 60% are foreign tourists. Known as the most fashionable city in the world, Paris is home to several world famous landmarks. Food and accommodation is very expensive here.
It is a strategic economic center of the world that acts as bridge between western and eastern economy. London is considered as the richest city in Europe thanks to its $ 565 Billion GDP. People find it very thrilling to live in this city. The top 100 business organizations of UK and top 100 organizations of Europe have their headquarters in Central London.
Living cost is very high in London. The monthly rental of a two bedroom apartment ranges from 1,500 to 2,000 pounds here in central London. A meal for a single person in a restaurant will cost about ten pounds. Transportation being quite expensive it costs 20 pounds for a bus trip between two bus stops.
Fourth on the list is Russia’s capital city Moscow. Moscow is known as ‘Red Bear’ and almost 25% of Russia’s domestic oil requirement is met by this city. Clothes, recreation facilities etc are very expensive here.
The monthly rental of a furnished luxury two bedroom apartment begins at US $ 4500. Monthly utility bills per household range from US $ 250. Monthly cost of meals for a three member family ranges from US $ 500. A cup of coffee in Moscow costs US $9 which is by far the most expensive rate in comparison to other nations.
Geneva is an important city of Switzerland. It has the second highest population after Zurich. The headquarters of several international organizations with worldwide presence like Red Cross and the United Nations are located here.
Monthly rental of a three bedroom apartment ranges from US $ 3000. Monthly cost for three meals for a household costs about US $ 1200. Insurance is expensive here. A wellness-insurance will cost US $ 800. For single individuals accommodation costs ranges from US $ 400 to 650 for a room. In addition monthly food expenses come to around US $ 450. Transportation costs either by bus or tram ranges from US $ 100-170. Other expenses come to around US $500 per month. Therefore a single person staying in Geneva has to spend USD $ 1500 to 1800 every month.
This Swiss city is a tourist’s delight. Surrounded by alpine mountains, this major city of Switzerland is much sought after by stock investors because of its low tax structure.
Monthly apartment rentals in the suburbs range from US $ 1500. Monthly utility bills per household range from US $ 200. Monthly meal expenses for four people range from USD800. Since gas is expensive here people travel by train and it costs US $90 every month for a train pass. Cost of a three menu course including wine for two people in the restaurant range up to US $ 300.
Denmark’s capital city is known for its high quality life. Here the population stands at 667,228 as per 2009 census.
Monthly home rentals in Copenhagen suburbs start from US $ 2500 onwards. Eating out in a restaurant is very expensive because two meals including drinks for a single person will cost over US $ 80. However, eating at home for two people will cost every week around U.S. $ 200. The minimum monthly utility expenses come to around US $ 200. Conveyance is quite expensive here. A short trip by taxi will cost around US $ 50.
8. New York:
As an industrial hub of America, New York with its 10 million populations has the highest population amongst all the cities here. Most of the global banks and financial institutions have their headquarters in New York. A lot of people come here from different parts of the world. It is the most expensive American city.
A modest two-bedroom apartment costs US $ 4000 per month. Utility bills for a family range from US $ 250 onwards. Monthly expenses for meals for a 4 member family come to $ 1000. Newspapers cost US $ 1, coffee (1 cup) US $ 3 and packet foods US $ 5.
Beijing which attracts a lot of overseas investors is the capital of China. It is also China’s second biggest city.
Rent is quite high here. In downtown areas rent starts from RMB7000. However all utility expenses are included in the rent. You have to pay over RMB20 for a single meal in Beijing. International newspaper dailies cost RMB25 or more. You have to pay RMB 35 for a cup of coffee if you are having it in a modest restaurant. Packet foods cost approximately RMB18.
Spread over an area of 700 square kilometers Singapore which is a republic is actually an island. The population that comprises various ethnic communities stands at around five million. Singapore is the 10th most costly city in the world. It is a city and a country blended into one without a single village.
You have to shell out SIN $ 600 every month to take atypical one-bedroom apartment on rent and another SIN $ 300 to cover utility bills. Auto prices are quite high with annual car tax costs coming to over SIN $ 1,000. For availing parking facilities you have to pay every month SIN $ 150 or more. Meals are comparatively cheaper here.