Explore the list of Top 10 Most Expensive Cities in the World for tourists before planning a trip around the world including the cost of living, food, shopping and other various exciting things according to TripAdvisor.
List of top 10 Most Expensive Cities in the World includes Zurich, which is the most expensive city in the world according to a report by Swiss Bank UBS. Zurich is a leading global city and among the world’s largest financial centers despite being a relatively low population city. Zurich is home to a large number of financial institutions and banking giants. Most of Switzerland’s research and development centres are Headquartered in Zurich and the low tax rates attract overseas companies to set up their headquarters in Zurich.
After Zurich in Switzerland, another city from Switzerland Geneva has been ranked on the second position for the most expensive cities in the world. Geneva is a global city, a financial center and worldwide center for diplomacy due to the presence of numerous international organizations, including the headquarters of many of the agencies of the Red Cross and the United Nations. Geneva is one of the city that hosts the highest number of international organizations in the world.
3New York, USA
New York city is well known to both international and domestic visitors, with New York State hosting four of the world’s ten most-visited tourist attractions in 2013: Times Square, Niagara Falls, Central Park and Grand Central Terminal.
4Luxembourg City, Luxembourg
Luxembourg is a founding member of the United Nations, NATO, OECD, European Union and Benelux, reflecting its political consensus in favour of political, economic and military integration. The city of Luxembourg, which is the country’s capital and largest city, is the seat of several institutions and agencies of the European Union.
Miami is home to the largest concentration of international banks in the United States of America, and many large national and multinational companies. The Civic Center is a major center for research institutes, biotechnology industries, hospitals, and medical centers. The Port of Miami, known as the “Cruise Capital of the World,” has been the number one cruise passenger port in the world. It accommodates some of the world’s largest cruise ships and operations, and is the busiest port in both cruise lines and passenger traffic.
Top 10 Most Expensive Cities in the World
6Los Angeles, USA
Los Angeles is also known as “City of Angels”, Los Angeles is a global city with a diverse economy in culture, fashion, entertainment, media, science, sports, technology, education, medicine and research. It has been ranked 6th in the Global Cities Index and 9th Global Economic Power Index. The city is home to renowned institutions covering a wide range of cultural and professional fields and is one of the most substantial economic engines within the United States of America.
Last year Chicago hosted 50.2 million international and domestic visitors. Chicago’s culture includes contributions to the visual arts, film, novels, theater. Chicago is also known as “Windy City” and the “Second City”.
Sydney, Australia has an advanced market economy with strengths in finance, manufacturing and tourism. Sydney’s gross regional product was $337 billion in the year 2013, which was the largest in Australia. There is a significant concentration of foreign banks and international corporations in Sydney and Sydney is promoted as Asia Pacific’s leading financial hub.
Oslo in Norway is the economic and governmental centre of the Norway country. Oslo is also a hub of Norwegian trade, banking, industry and shipping.Oslo is an important centre for maritime industries and maritime trade in Europe continent. Oslo is home to many companies within the maritime sector, some of which are among the world’s largest shipping companies, ship brokers and maritime insurance brokers.
Montreal in Canada was named a UNESCO City of Design. Montreal is the commercial capital of Canada, it was surpassed in population and economic strength by Toronto in the year 1970. Montreal remains an important centre of commerce, aerospace, finance, technology, design, culture, pharmaceuticals, tourism, gaming, film and world affairs.