Have you ever wondered which are the most expensive cities in the world? Numbeo, one of the leading sources of information on the cost of living and prices around the world, regularly ranks the most expensive cities based on various aspects of costs. Read more about the results of the latest Numbeo study

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Numbeo, a service based in Serbia, has updated its cost of living index for cities around the world, identifying the top cities with the highest costs. The ranking is based on prices for consumer goods, real estate and quality of life. As a measure, prices in New York were taken as the baseline, receiving 100 points. Now it is possible to assess how these cities differ from the Big Apple in terms of living costs. Numbeo's new ranking will be a useful source of information for those planning to move or travel, helping them make informed decisions.

If you are planning a long trip to one of these cities, be sure to take out a health insurance policy, as it guarantees high-quality medical care anywhere in the world and can protect you from unnecessary expenses while travelling.  You can buy insurance from trusted agents on the Visit World portal. Follow the link, select your citizenship and country of destination and look for a policy that meets your specific requirements.

Ranking of the most expensive cities in the world

The new ranking took into account 362 cities. The cost of living in these cities was estimated based on food, restaurant and rental prices. The purchasing power of the population was also taken into account. This comprehensive approach made the assessment more objective and representative. The ranking reflects the diversity of the cost of living in different cities around the world, helping people make informed decisions about where to live and work.

The 10 most expensive cities in the world:

1. Hamilton (Bermuda);

2. Zurich (Switzerland);

3. Basel (Switzerland);

4. Lausanne (Switzerland);

5. San Jose (USA);

6. Geneva (Switzerland);

7. San Francisco (USA);

8. Bern (Switzerland);

9. Washington (USA);

10. New York (USA).

The most expensive cities to live in according to the updated Numbeo ranking include Vilnius (Lithuania) at 185th place, Riga (Latvia) at 181st, Warsaw (Poland) at 207th, and Kyiv (Ukraine) at 300th. The last positions in the ranking belong to the Pakistani cities of Islamabad, Lahore and Karachi.

Numbeo, a Serbian service, collected this data by providing an online database of consumer prices, property values and quality of life. Founded in 2009 by former Google employee Mladen Aёdamovic, Numbeo allows users to compare information about the cost of living in different countries and cities.

As the world becomes increasingly interconnected, many people are considering moving abroad. The allure of new experiences, better opportunities and a higher quality of life are driving many to consider emigration. However, choosing the best country to live in can be challenging due to the variety of options available.

Daria Rogova, Head of Insurance at Visit World

To move, travel or work safely in a new country, you will need travel insurance. You can apply for an extended policy on our website here.

Products from Visit World for a comfortable trip:

Travel guide for 200 countries;

Legal advice from a local specialist on visa and migration issues;

Travel insurance around the world (please select the country of interest and citizenship to receive services);

Medical insurance all over the world.

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