The 10 most expensive cities to live and work in

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Upmarket property agent Savills has produced its annual ranking of the most expensive cities to live and work in.

The index measures the combined cost of residential and office rental per person per year across leading world cities to give an idea of how much it takes to maintain an employee in any given city.

The average total cost of office and housing accommodation per worker per year in the 20 cities measured is $56,855 (£40,654). Savills looked at a combination of established world cities and up-and-coming rivals, dubbed “upstarts” by Savills.

Check out the ranking of the most expensive cities below:

 

  1. Sydney — $49,500 (£35,459)

10-sydney--49500-35459

Savills world class city score: 64.1.

Population: 4.9 million.

Live/work cost per person per year: $49,500 (£35,459).

 

  1. Dubai — $58,300 (£41,760)

9-dubai--58300-41760

Savills world class city score: 61.1.

Population: 2.4 million.

Live/work cost per person per year: $58,300 (£41,760).

 

  1. Singapore — $60,600 (£43,410)

8-singapore--60600-43410

Savills world class city score: 71.

Population: 5.5 million.

Live/work cost per person per year: $60,600 (£43,410).

 

  1. Lagos — $63,000 (£45,130)

7-lagos--63000-45130

Savills world class city score: 23.5.

Population: 12.2 million.

Live/work cost per person per year: $63,000 (£45,130).

 

  1. San Francisco — $66,300 (£47,490)

6-san-francisco--66300-47490

Savills world class city score: 55.8.

Population: 4.5 million.

Live/work cost per person per year: $66,300 (£47,490).

 

  1. Tokyo — $69,800 (£50,000)

5-tokyo--69800-50000

Savills world class city score: 74.9.

Population: 37 million.

Live/work cost per person per year: $69,800 (£50,000).

 

  1. Paris — $78,200 (£56,019)

4-paris--78200-56019

Savills world class city score: 77.5.

Population: 12.5 million.

Live/work cost per person per year: $78,200 (£56,019).

 

  1. Hong Kong — $103,200 (£73,920)

3-hong-kong--103200-73920

Savills world class city score: 70.5.

Population: 7.3 million.

Live/work cost per person per year: $103,200 (£73,920).

 

  1. New York — $111,300 (£79,730)

2-new-york--111300-79730

Savills world class city score: 87.4.

Population: 20.2 million.

Live/work cost per person per year: $111,300 (£79,730).

 

  1. London — $112,800 (£80,805)

1-london--112800-80805

Savills world class city score: 87.6.

Population: 14.9 million.

Live/work cost per person per year: $112,800 (£80,805).

 

Source: Business Insider

 

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