According to published results, this is the city with the most expensive living standards in the world in the last 3 years.
ECA International has compiled a list of the world’s most expensive cities for 2022 based on a number of factors, including the average price of goods and essential household expenditures such as milk and oil. food, rent, utilities, public transport and the strength of the local currency.
According to the published results, Hong Kong (China) continues to remain the most expensive city in the world in 2022. This is the third year this city ranks at the top of the list. Specifically, according to data from ECA, to buy a liter of gasoline in this city, you have to spend 3.04 USD (about 70,000 VND).
Here, a cup of coffee is sold for $5.21 (about 121,000 VND). The purchase price of 1kg of tomatoes is also up to 11.51 USD (about 267,000 VND), 1 liter of cooking oil is sold for 5.83 USD (135,000 VND), and 1 liter of milk costs 4.39 USD (101,000 VND).
”The 3% annual price increase, as measured by our basket of goods and services, is higher than we normally see in Hong Kong, but lower than rates in other cities in the region and across the globe. world”, he added.
Many cities in mainland China are also becoming more expensive than they used to be. 4 major cities in this country are on the list of the 15 most expensive cities in the world. Shanghai is the third most expensive city in Asia, just behind Hong Kong and Tokyo, right behind Guangzhou, at 12th place is Shenzhen, and Beijing is in 14th place.
In the ranking of the top 10 most expensive cities in the world, in addition to Hong Kong, Shanghai and Guangzhou of China, Asia also has 2 other cities on this list, including Tokyo (Japan) – the most expensive city in the world. 5th place, Seoul (Korea) – 10th place. CNN believes that Asia can be called the most expensive continent in the world.
However, Asia is also home to the fastest growing cities. Colombo – the main city of Sri Lanka – rose 23 places from 162 to 149.
Used to hold the No. 1 position, but this year, New York is the only North American city in the top 10. The most expensive city in Europe is Geneva (Switzerland) at No. 3. Paris (France) once topped the list voted by ECA, now left the top 30. Madrid (Spain), Rome (Italy) and Brussels (Belgium) all dropped.
“Nearly every major city in the euro area has dropped its rankings this year as the euro has been undervalued in the past 12 months against the dollar and pound,” explains Lee Quane.
List of 10 most expensive cities in the world in 2022
1. Hong Kong (China)
2. New York (USA)
3. Geneva (Switzerland)
4. London (England)
5. Tokyo (Japan)
6. Tel Aviv (Israel)
7. Zurich (Switzerland)
8. Shanghai (China)
9. Guangzhou (China)
10. Seoul (South Korea)
Source: Eca International, CNN