10 Most Expensive Cities To Move To In The World

10 Most Expensive Cities To Move To In The World

There are so many ingenious ways to measure the cost of living in places around the world. So if you’re thinking of heading off to a treasured locale in some far off land, you absolutely want to check this list. Six of the top ten culprits on The Domestic Budget from Hell list are from either China or Switzerland. The cost of living can rise or fall on the arcane machinations of currency values, population growth or plain old corruption. Some cultures have never got the hang of retail and their screwed-up distribution systems lead to classic horror stories like the legendary $40 cantaloupe of Tokyo. Here’s where it gets really interesting. Most of the insanely expensive cities that have dominated these lists in recent years have fallen off, Tokyo among them along with New York, London and Moscow making way for a whole new batch of prohibitively expensive destinations. So hold on to your wallet and take the tour, free of charge.

10. N’Djamena, Chad

Simply put Chad is a basket case sitting atop an ocean of recently discovered oil and N’Djamena is the capital. Mercer sums up the problems this way: “The main driver behind this is the difficulty finding good, secure accommodation for expatriates. “So the limited supply of acceptable accommodation is very expensive. The cost of imported international goods is also high.” Plain English translation:Chad is one of the world’s most corrupt countries. At least half the estimated $10 USD billion in earnings has been skimmed off for military hardware and embezzlement. The country also borders on war-stricken Syria and Sudan and the U.S. State Department counsels Americans to avoid border zones where the dreaded Boko Haram are a real threat. The average annual wage is $750. Average life expectancy is 51. Chronic drought devastates crops and there’s no real infrastructure to cut through the corruption. So with a full plate like that, Chad hasn’t got around to building condos, heath clubs and sushi bars for the oil workers that have flocked there. Cheap it is not. But it dropped from the number two slot last year, so maybe there’s progress.

9. Bern, Switzerland

When thinking about expensive cities mammoth urban monster is the image that comes to mind. Bern is a lovely city, a bucolic town of maybe 150,000 people. It is the capital with an Old Town that’s a UNESCO World Heritage site. But, pricier than Tokyo and London? Well start with a tight housing market. Then add the Capitol Factor with civil servants making very decent money. The biggest culprit has nothing to do with Bern at all. In fact it has more to do with Greece and the panic its long running death spiral in the European Union has caused. When it looked like Greece might default on EU loans, nervous investors dumped their Euros and bought Swiss Francs as a safe haven for their money bags causing it to zoom in value. Suddenly expats had to spend way more of their own currency to buy the francs they needed. As a result everything in Switzerland got more expensive without prices in stores actually being marked up.

Bern Switzerland
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