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☆ The global cities with the best quality of life show how dire the affordability crisis is
  + stars: | 2024-02-01 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +4 min
AdvertisementLiving in a global city with a high quality of life is increasingly reserved for the wealthiest. The world's most liveable cities — for the wealthyThe rising cost of housing, food, and other household goods is helping worsen the affordability crisis in these cities. Vienna, for example, has kept housing costs remarkably low through its generous social housing system. The average studio apartment in Zurich costs $1.1 million and the average home across the country costs $1.4 million, the Times reported. Like in many American cities, a severe housing shortage in cities like Zurich and Geneva is also contributing to rising home costs.
Persons: —, EIU Organizations: Service, Economist's Intelligence, The New York Times, Times, Swiss Locations: Zurich, Copenhagen, Vienna, Austria Copenhagen, Denmark Melbourne, Australia Sydney, Australia Vancouver, Canada Zurich, Switzerland Geneva, Switzerland, Calgary, Canada, —, Geneva, Singapore, New York, Hong Kong Los Angeles Paris, France Copenhagen, Tel Aviv, Israel, Vancouver, Sydney, Paris
☆ The 10 most expensive cities for expats outside the U.S. — Hong Kong is No. 1
  + stars: | 2023-08-12 | by ( Isabel Engel Emmie Martin | Cfp | Isabel Engel | ) www.cnbc.com   time to read: +2 min
In fact, New York continues to be the most expensive city in North America, ranking sixth in the world. The most expensive city in the world for expats: Hong Kong, which topped the list for the second consecutive year. Here are the 10 most expensive cities for expats, outside the U.S.:Hong Kong Singapore Zurich, Switzerland Geneva, Switzerland Basel, Switzerland Bern, Switzerland Tel Aviv, Israel Copenhagen, Denmark Nassau, Bahamas ShanghaiAs for the U.S., the data finds that the cost of living has increased in all American cities analyzed. While Hong Kong is the most expensive city on the list, that doesn't necessarily translate to a better quality of life. On the other hand, some global cities may offer expats a lower cost of living and, perhaps, a higher quality of life.
Persons: Warren Buffett Organizations: Bahamas Shanghai, Los Angeles Locations: U.S, New York City, San Francisco, New York, North America, Hong Kong, expats, Hong Kong Singapore Zurich, Switzerland Geneva, Switzerland Basel, Switzerland Bern, Switzerland Tel Aviv, Israel Copenhagen, Denmark Nassau, Bahamas, Honolulu, Detroit, Houston, Cleveland, Barcelona, Spain
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