How much does it cost to live abroad? The most expensive cities in the world

In 2022, the largest cities in the world saw a rapid increase in the cost of living. This is evidenced by a study by the Economist Intelligence Unit, writes visitukraine.today.

Photo: topvoyager.com 0 Rating of the most expensive cities in the world in 2022

• New York, USA;
• Singapore;
• Tel Aviv, Israel;
• Hong Kong;
• Los Angeles, USA;
• Zurich, Switzerland;
• Geneva, Switzerland;
• San Francisco, USA;
• Paris France;
• Copenhagen, Denmark.

The study compares the cost of goods and services in 173 cities of the world. On average, in the cities covered by the study, prices rose by 8.1% per hour.

The inflation rate was quite high in the USA, and the highest in Turkey, prices in Istanbul rose by 86% per hour. Most European cities fell in the rating of the most expensive – the energy crisis and the weakening of the economy reduced the value of the euro and other local currencies.

What is the cost of living in other countries of the world

Moderate prices for accommodation and proximity to Moldova, Romania and the Czech Republic. On average, a family’s monthly stay in these countries will cost about 1,500 euros.

If you want to live in a warm Mediterranean climate, then Turkey is the cheapest warm country. The cost of living here varies depending on the region, but if you live outside the capital and further from popular tourist cities, you can budget even 500 euros per month.

Those who want to live in Italy or Spain should count on the sum of 1,500 euros per month, while living in Cyprus will cost more — 1,700 euros per month. But a month of living in Portugal will cost 2,000 euros.

From 2,000 to 3,000 euros will cost a month’s stay in countries such as France, Germany and Austria. These are leading European countries with a high standard of living, and the capital of Austria is generally recognized as the most comfortable city to live in.

A month of residence in Switzerland will be the most expensive among the countries of Central Europe — the required amount can be more than 3,000 euros.

If you want to live in the northern part of Europe, the most expensive country here is Norway, as well as in Switzerland, you need to have at least 3,000 euros per month for living.

And in such countries as Denmark, Sweden, the Netherlands and Finland, you can count on an average of 2,500 euros per month.

Source: Ministry of Finance

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