If asked your opinion on which cities in the world are the most expensive, what would you guess? Singapore, Hong Kong, Palm Beach, Dubai? Sorry you would be incorrect. According to a new analysis by Swiss Bank USB, they have factored into determining the most expensive cities to live such factors as residential price points, goods and services as well as high taxes and after tax wages.
Anyone who lives in New York City won't be surprised which city is on top of the list, given the extravagant real estate market, city, state, and federal taxes as well. Interestingly, Swiss cities, is the absence of Singapore- which topped the world list last year, " were markedly more expensive than in last year's study because of the Swiss National Bank's decision in January to discontinue its minimum exchange rate," reported the WSJ. "Prices in Japanese and European cities, meanwhile, fell over the past year as the euro and yen weakened against the dollar."
The list of TOP 10 CITIES in the WORLD according to Swiss Bank USB:
- New York
- Hong Kong