List of top 10 most expensive cities in the world to live in 2017 has been released by the Demographia in its 13th International Housing Affordability Survey: 2017. In this survey, they brought together data from 406 metropolitan housing markets of 9 most expensive countries- Ireland, Japan, Australia, Canada, United Kingdom, Hong Kong, Singapore, New Zealand, and the United States.
They used the Mean Multiple approach (median house price divided by the median household income) and data leads not to very surprising results with New Zealand, Chia, Canada, Australia, United Kingdom, and the United States being the most “severely unaffordable major housing markets in the world”.
Top 10 Most Expensive Cities In The World To Live In 2017 (In Pictures)
Let us go through the list of top 10 most expensive cities in the world to live in 2017:
10. Bournemouth & Dorset, United Kingdom: It is the 10th most expensive place to live around the world, based on Mean Multiple.
9. San Francisco, United States
8. Los Angeles, United States
7. Honolulu, United States
(Credit: The Huffington Post)
6. Melbourne, Australia
5. San Jose, California, United States
4. Auckland, New Zealand
3. Vancouver, BC, Canada
2. Sydney, Australia