The Most Expensive Cities , in the World for 2022.
CNN reports that Hong Kong
has once again been named
the world's most expensive city.
According to global mobility company
ECA International, this is the third year in a row
that Hong Kong has topped the list. .
The list is calculated based on several factors, including
the average price of household staples, rent, utilities,
public transit and the strength of local currency.
The list is calculated based on several factors, including
the average price of household staples, rent, utilities,
public transit and the strength of local currency.
CNN reports that Asia is clearly the most expensive continent, with Hong Kong, Tokyo, Shanghai, Guangzhou and Seoul all earning spots in the ECA's top 10.
CNN reports that Asia is clearly the most expensive continent, with Hong Kong, Tokyo, Shanghai, Guangzhou and Seoul all earning spots in the ECA's top 10.
The majority of the mainland Chinese cities
in our rankings have higher rates of inflation
than we are used to seeing, but they are
still typically lower than elsewhere in Asia, Lee Quane, ECA's regional director for Asia, via CNN.
The majority of the mainland Chinese cities
in our rankings have higher rates of inflation
than we are used to seeing, but they are
still typically lower than elsewhere in Asia, Lee Quane, ECA's regional director for Asia, via CNN.
Therefore, the main reason for
their rise in the rankings has been
the continued strength of the Chinese
yuan against other major currencies, Lee Quane, ECA's regional director for Asia, via CNN.
Therefore, the main reason for
their rise in the rankings has been
the continued strength of the Chinese
yuan against other major currencies, Lee Quane, ECA's regional director for Asia, via CNN.
Meanwhile, several major cities
in the EU were ranked lower
than in previous years.
Paris, Madrid, Rome and Brussels all
saw their overall cost of living drop.
Paris, Madrid, Rome and Brussels all
saw their overall cost of living drop.
Nearly every major Eurozone city saw
a drop in the rankings this year as the euro
performed worse in the last 12 months
than the U.S. dollar and British pound, Lee Quane, ECA's regional director for Asia, via CNN.
Geneva and Switzerland came
in third place after New York and Hong Kong
as the world's most expensive cities.
London, Tel Aviv and Zurich rounded out the rest of the ECA's top 10 most expensive cities in the world. .
London, Tel Aviv and Zurich rounded out the rest of the ECA's top 10 most expensive cities in the world.