The World's Costliest Cities to Live and Work

Popularly known as the “Romantic city,” Paris is one among the costly city in the world. It is a well known city for leading business and cultural centres, and its influences in politics, education, media, entertainment, fashion, science, and the arts. 

It is considered as the glamorous city with around 96,400 millionaires living in this city. Around 39 percent of population in Paris is of millionaires, which is one of the highest millionaire percentages around the world.

 “Paris does not have any expenditure categories where the cost of living is disproportionately high, but is costlier than most locations for seven out of the ten categories included in the worldwide cost of living survey,” stated the report.

Tokyo:

The capital city of the island nation of Japan, Tokyo is considered as one of the three “command centers” for the world economy, along with New York City London and England.

It has fallen down the rankings (from 3rd to 5th position) in the list of the most expensive city, as rents were falling or sluggish after 2008. This is because Japan has experienced five years of deflation and the yen has fallen 10 percent against the U.S. dollar in the past three years.

The capital of Japan, with its striking public management, technology, economy, and the ability to attract talent from all over the world emerges as the smartest city in the world.

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