There are various countries and economies in the world in which each has its own highlights. Here we will discuss top ten most expensive cities in the world. Due to the differences in currencies and demands of different economies, the relative prices of various goods and items vary greatly. There are different most and least expensive economies in the world. Talking about cities, well, different cities in the world are famous for different things, like some are famous for fashion, some for luxury product, sports goods, cutlery items etc. All these cities have different price rates because of the value of their products. Let us see which cities are in the list of top ten most expensive cities in the world.
Copenhagen is the capital of Denmark and according to 2014 statistics is the tenth most expensive city to live in. The city has a total area of 86.20 kilometer square and the total population of 569,557 people. The city is a major economic, financial and business center for not only Denmark but also other Scandinavian-Baltic countries. There is a large skilled labor force that works in Copenhagen. Generally the education, awareness and high standard of living is the reason behind the high value of the commodities and services offered in Copenhagen, making it one among the most expensive cities worldwide.
Top ten most expensive cities in the world include Melbourne. Melbourne is the most populous capital city of Victoria, Australia. It is a large city with the total area of 9,990.5 kilometer square and an elevation of 31 meters. In terms of economy, Melbourne is a highly diversified city qualifying in variety of sectors like logistics, education, tourism, finance, research and manufacturing. Melbourne has the privilege of being the headquarters of various major industries in the world. It is Australia’s second largest industrial hub with a large number of qualified labor forces. All these highlights about Melbourne make it an expensive and valuable city in the world.
Top ten most expensive cities in the world include Geneva. Geneva is another city in Switzerland which is the second most populous city of Switzerland and eight most expensive cities in the world. The total area of this small city is 15.93 kilometer square. The city is known worldwide for its high standard of living and high standard of education which is why the city is so expensive. The city has a population of 194,458 people. The city is chiefly services oriented. It has a large network of financial sector and private banking.
Santiago de León de Caracas is the capital city of Venezuela. It is also the largest city of Venezuela with the total population of more than 2.104 million people. It is a small city covering the total area of only 433 kilometer square. The city has made into the list of top ten most expensive cities in the world because of its unusually high exchange rate. Various service companies, banks, malls and Caracas Stock Exchange is located here in Caracas. Also, various small sized and medium sized economies contribute to the constantly growing Caracas economy.
Tokyo, that was once the most expensive city in the world has now moved to sixth position because of the fall in the value of its currency. Tokyo, the capital of Japan, is a center of all the economic activity in Japan. The city is known for its highly technical and advanced technology and high presence of capital. The presence of automobile industries and other industrial based industries are all conducted through this city. So, the importance of this city is eminent. It is the most populous city in the world with the total population of 13.34 million. The city covers the total area of 2,187.66 kilometer square.
Top ten most expensive cities in the world include Sydney. Sydney, the capital of New South Wales, is the most populous city of Australia. The city covers the total area of 12,367.7 kilometer square. More than 4,757,083 people reside in Sydney. Sydney is known throughout the world for its popular culture of Opera House. It is the financial and manufacturing sector of Australia. The residents of Sydney enjoy the second highest standard of living in the world in terms of gross domestic purchasing power. The large sectors of business service, retail health and services and manufacturing are the reasons behind the success of Sydney. Sydney is currently the fifth most expensive city in the world.
Top ten most expensive cities in the world include Zurich. Zurich is the capital, and the largest city in Switzerland. The city is located in central-north of Switzerland and is the fourth in our list of top ten most expensive cities in the world. Its total area is 87.88 kilometers square with the total population of 366,765 people. Zurich is a hub of economic activity. Swiss stock exchange is located in Zurich. Moreover, the city is educationally advanced and is very ahead in print media sector. High educational level has resulted in a large number of skilled labors which has increased the production level and the standard of living. This is the major reason why Zurich is one of the most expensive cities in the world.
Top ten most expensive cities in the world include Oslo. Oslo is the capital of Norway. According to the statistics of 2014, Oslo is the third most expensive city in the world. It is a very old city, founded around as early as 1000 A.D. Oslo covers the total area of 454.03 kilometer square and is one if the north most cities on Earth. Oslo has surpassed cities like Zurich and Tokyo in terms of being expensive because of the value of its currency. The standard of living of each person in Oslo is high. Oslo is a hub of maritime knowledge. Moreover, a larger group of oil and gas companies are located in Oslo which increases its value in world economy.
Top ten most expensive cities in the world include Paris. Paris, the capital city of France, is the most populous and famous French city, known for its unusual beauty and fashion. Paris is a fashion hub in the whole world attracting designers and fashion artists throughout the world on various famous festivals. The total area of the city is 105.4 kilometer square whereas the elevation is thirty five meter. The city is located in the north of France and is one of the major tourist attractions for people throughout the world. This city is famous for shopping of fashion products and luxury items which are definitely expensive and make Paris the second most expensive city in the world.
Top ten most expensive cities in the world include Singapore. In 2014, the most expensive city to live in is Singapore. Singapore is basically a sovereign city state. It is located in Southeast of Asia. Singapore has a total area of just 716.1 kilometer square. The city has a total population of 5.312 million (estimate). This city is highly diversified with rich culture. The city acts like a melting pot in which different people from various regions come to study and work. The languages spoken are English, Malay, Tamil and Standard Mandarin. The city has a separate currency i.e, Singapore dollar. Up till now, it is the most expensive city in the whole wide world.