World’s Top 10 Most Expensive Cities To Live In
It’s official. ECA International (a global mobility company) has announced its annual list of the world’s most expensive cities to live in. And for the third year in a row,…
BEIJING, CHINA – MARCH 10: The entrance gate is closed and tourist buses sit idle in the usually busy tourist and commercial area at Qianmen Gate on March 10, 2020 in Beijing, China. In Beijing, the normally bustling capital, daily life has fallen into a rhythm of social distancing that is widely accepted as the new norm after two months of restrictions to stop coronavirus from spreading. Millions of people are still working from home, schools and entertainment venues remain closed, and even commutes on some public transit need to be pre-booked to control crowds. At the same time, China has been grappling with how to restart and revive the worlds second largest economy without triggering another wave of infections, especially in the home of the countrys political leadership. So, while the cautious return of economic activity in Beijing has meant more road traffic and street life during the day, evening brings a return to the familiar quiet anxiety that has defined Chinas efforts to contain the virus. After sunset, a majority of people avoid mingling or limit their interactions, and largely retreat to home. Retail stores follow reduced hours of operation, restaurants limit the number of people who can dine, and large gatherings are still banned. Residential areas have controls in place to restrict entry, and tighter quarantine rules require people returning to Beijing from other cities or countries to abide by a 14-day isolation period that is monitored and enforced. Authorities are sensitive to so-called imported cases of the coronavirus with nearly 81,000 cases of COVID-19 in China and more than 3200 deaths, mostly in and around the city of Wuhan, in central Hubei province, where the outbreak first started. (Photo by Kevin Frayer/Getty Images)
(Photo by Kevin Frayer/Getty Images)It's official. ECA International (a global mobility company) has announced its annual list of the world's most expensive cities to live in. And for the third year in a row, Hong Kong tops that list. In fact, Asia is the most expensive continent with five Asian cities making the top 10 list.
The list is based on several factors including the average price of household staples. Staples like milk and cooking oil, rent, utilities, public transit, and the strength of the local currency.
