Photos: 10 most expensive cities for expats in 2023

The London-based ECA International’s cost of living rankings for expats in 2023 is out, positioning New York as the costliest city for foreigners this year. ...read more

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Published on Jun 08, 2023 08:22 AM IST

People crowd in Times Square as Manhattan in New York City, New York, United States. The New York city replaced Hong Kong as the world's most expensive city to live in as an expat, the ECA International’s Cost of Living Rankings for 2023 said. The revelation is not surprising since the Economist Intelligence Unit's (EIU) Worldwide Cost of Living Index released in December last year branded New York as world's most expensive city to live in for anyone!(REUTERS)

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A general view of skyline buildings, in Hong Kong. The Asian city which topped the chart in last year's rankings, stood at the second spot this time. Hong Kong also remains the second most expensive city in the world for business travel after New York.(REUTERS)

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A view of the Corraterie Street in Geneva. The second most populous city of Switzerland, Geneva tops the European cities as most expensive for expats but its not alone. Zurich, the global centre for banking and finance, located in Switzerland also features in the list at spot 6.(REUTERS)

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People enjoy the sunshine and the warm weather on the grass by Tower Bridge, in central London. The site of British monarch coronations, London has turned out to be the 4th most expensive city for expats. This comes amid as the UK inflation is hovering around a 40-year high. The country's annual inflation slowed to a 13-month low in April, but remains elevated at 8.7 percent as soaring food prices offset weaker energy costs.(AFP)

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The second in the list among Asian places, Singapore made a sharp jump to the fifth spot this time from 13th spot from last year. Explaining the shift, the survey body's Regional Director for Asia, Lee Quane told Bloomberg, “The Southeast Asian financial hub’s rise was due largely to major increases in accommodation costs.”(Bloomberg)

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Overview of the Limmat river and Lake Zurich, Switzerland. The picturesque lanes of the global financial centre is a vacation of dreams for many. However, for expats the rising living costs and soaring inflation in the prominent European cities has become a headache. Zurich is no exception to the increasing inflationary trend and has been ranked at 6th spot among the most expensive cities to live as an expat.(REUTERS)

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The Golden Gate Bridge and San Francisco skyline. The cultural centre of Northern California, San Francisco has made it to top ten in the list as the United States is witnessing a significant surge in cost of living since the country is battering inflation woes, which reached its highest last year in four decades, as consumer prices jumped 7%.(AP)

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A general view shows the cityscape of Tel Aviv, Israel. Situated in Israel’s Mediterranean coast, Tel Aviv has been ranked as the most expensive city for foreigners in this year's list.(REUTERS)

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Pedestrians at the famous Myeongdong shopping district in Seoul. The South Korean capital city is also among the top ten in the most expensive places to bear surging cost of living, as the country's inflation is through the roof. Even though the inflation cooled to a 19-month low in May, it was still high. The government Thursday lowered it projection for this year's economic growth from the previous projection of 1.6%.(Bloomberg)

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Morning Commuters near Akihabara Station in Tokyo, Japan. The Japan's capital city is the fourth Asian city to feature in the top ten list. Japan, the world's third-largest economy, is also struggling to contain a four decade high inflation. (Bloomberg)