We recently found out which major cities around the world have the highest cost of living these days. The researchers focused on 293 population centers in nine countries, which are Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, Great Britain and the United States. And these are the 10 most expensive cities to live in the world 2018.
Research 14th Annual Demographia International Housing Affordability Survey: 2018 she was studying the price of housing compared to annual household income in different countries of the world. In doing so, they used coefficient showing the affordability of housing prices - median multiple. To better understand what this means, let's look at an example. If the average household income is $50,000 a year and the average residence costs $250,000, this coefficient is 5.
So let's see, in which cities it is most difficult to afford a place to live.
Gallery - 10 most expensive cities to live in the world 2018
More information:
fcpp.org
