New York
New York was the first in the list of such cities. The annual cost of living in it is $114,009.57 for one employee.
Over the past year, this indicator has increased by 2%. Nevertheless, according to experts, the cost of renting office real estate is declining, and the rental price of residential space is rising.
Hong Kong
The second place in the ranking of high-cost megacities went to Hong Kong with an annual cost of living of $100,984.26.
The city is the financial center of Asia, attractive for most investors, as well as one of the most developed cities in the world. It houses the headquarters of many large companies.
London
London occupied the third place in the ranking by Savills. The annual cost of living here is $100,141.30 per person.
Earlier, the capital of Great Britain led this rating, but the referendum on the exit of the country from the EU prevented it from remaining a leader. As a result, the annual expenses of one employed citizen decreased by 11%, amounting to $100 thousand.
Tokyo
The fourth place in the ranking of the most expensive megacities is taken by Tokyo, the total cost of an annual residence in which is $85,331.53.
Japan is one of the most expensive Asian countries, where the cost of renting both residential and office real estate is high. For the current year, the price increase has reached 22%, which is the highest among cities in this list. The increase has mostly affected residential real estate.
Paris
The fifth place is occupied by Paris with an annual cost of living of $82,880.61 per employee.
In general, the cities of Europe recorded average growth rates of rental in local currency, and in Paris, the rise in the price of rent compared to 2015 was 6%.
San Francisco
The sixth place, according to the rating of an authoritative company, went to San Francisco, where the annual cost of living is $66,268.65 per person.
This is one of the most expensive American cities, although the cost of rent here is almost 2 times less than in New York.
Singapore
Singapore closes the top-7 of the world's most expensive mega-cities, with a combined cost of living of $61,335.24 per employee per year.
Over the past few years, Singapore is consistently among the ten most expensive megacities of the planet. For this year, the cost of living in it increased by 1%. Many foreign companies place their representative offices in Singapore, as well as open offshore accounts.
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