List of the 10 most expensive cities to live in the world for 2020

List of the 10 most expensive cities to live in the world for 2020

A recent study revealed the list of the most expensive cities in the world in 2020 in terms of population capacity to bear the cost of living.

The study, published by Business Insider, analyzed 309 housing markets in 8 countries - Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the United Kingdom and the United States - in the third quarter of 2019.

To determine the ranking of cities, the data was reviewed using the "multiple average" - the average home price divided by the average household income - and the higher the number of points in the city, the higher the cost of stay.

According to the study, Hong Kong topped the list - and not all the first 4 places in 2019 have changed - while the study showed that the most expensive cities are located on the border with the Pacific Ocean.

The survey showed that most of the main affordable housing markets are currently in Australia, Canada, China and New Zealand, which was the case several years ago, including last year’s report.

Hong Kong - China

Hong Kong's score for the current year fell to 20.8 from 20.9 points in 2019, but it's still about 9 points higher than anywhere else; What makes it the most expensive city in the world.

Vancouver - Canada

The most expensive city to live in North America and the Western Hemisphere is Vancouver with a total of 11.9 points, which is less than 12.6 points the city got in 2019.

Sydney - Australia

Sydney remains the most expensive city in the Southern Hemisphere for the second year in a row with a total of 11 points, and it is the largest city in Australia and the wider Australasia region, which still has a double-digit score score, despite being 0.7 points down from the 2019 score of 11.7.

Melbourne - Australia

In 2019 Melbourne also occupied the fourth most expensive city in the world to live, and this year the overall score for the Australian city fell 0.2 points to 9.5.

Los Angeles - California

It can be said that the degree of Los Angeles is the entertainment capital of the world; Where she fell on the list to get 9 points, compared to 9.2 points for 2019; This makes it the fifth most expensive city in the world to live in.

Toronto, Canada

Although she didn't even appear in the top 10 last year, The 8.6 grade it earned this year not only makes it the second most expensive city in Canada, but also the third most expensive city in the Western Hemisphere.

Auckland - New Zealand

The overall score for Auckland, New Zealand's largest city, is 8.6 points, which is lower than 2019, but it still leads two points, which she made from ninth place in 2019 to seventh in 2020.

San Jose - California

The San Jose 2020 ranking fell two places, from sixth in 2019 to eighth this year, and overall points decreased from 9.4 in 2019 to 8.5 in 2020, yet the second most expensive city in the United States remains.

San Francisco - California

San Francisco is one of the most expensive cities in the United States, but only the third most expensive city in California is 8.4 points, according to the data.

London - United Kingdom

Any resident can tell you how much it costs to live in London, and according to the data I got 8.2 points; What makes it the most expensive city in Europe.

      By : Mohamed Mirmich 

                                             

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