Most expensive cities in the world

What is the most expensive city in the world?

The most expensive city in the world is Zurich, according to Numbeo’s 2025 cost of living index, followed by Geneva, Basel, Lausanne, Lugano, Bern, New York, Reykjavik, Honolulu, and San Francisco.

Numbeo is a crowd-sourced database that tracks living costs across thousands of worldwide cities. Established in 2009, it builds price estimates via user submissions and figures from official sources, removing outliers and prioritising verified data. Each index compares everyday goods and services—such as groceries, dining out, utilities, transport and rent—with New York City set at 100. Results reflect exchange rates and local prices and offer unique insights for local budgeting, expats planning a move, and policy discussions.

6 highest cost of living cities

1. Zurich (Switzerland)

Nestled amidst breathtaking Swiss scenery, it's no surprise that Zurich's picturesque surroundings, impeccable cleanliness, and high living standards come with a hefty price tag.

Another global financial powerhouse and a leading centre for banking, the city's robust economy, fueled by a strong currency and stable political environment, attracts a steady stream of affluent individuals, driving demand for premium properties and luxury goods.

2. Geneva (Switzerland)

Geneva, Switzerland's second-most populous city, is a cosmopolitan hub on the shores of Lake Geneva. Known for its diplomatic significance as the European headquarters of the United Nations, the city is a bastion of high-class living and a magnet for those with a high net worth.

Plus, Switzerland's reputation as a tax haven has long been a lure for the wealthy seeking financial security and favourable fiscal policies. However, this influx exacerbates competition for housing and services.

3. Basel (Switzerland)

Located on the Rhine at the meeting point of Switzerland, Germany, and France, Basel benefits from its role as a centre for the pharmaceutical and chemical industries.

The presence of leading global companies has made the city highly attractive to skilled professionals, increase demand for quality housing. Basel's cultural institutions, international schools, and well-connected transport links contribute to its reputation as an expensive place to live.

4. Lausanne (Switzerland)

Overlooking Lake Geneva, Lausanne combines scenic surroundings with a strong economic base. Known as the headquarters of the International Olympic Committee and many multinational companies, it draws an ambitious, multicultural community of workers.

This demand, alongside limited housing availability, keeps property and rental costs consistently high. Its universities and research centres also add to the city’s international appeal.

5. Lugano (Switzerland)

Lugano stands out for its lakeside setting and proximity to Italy, with many Italian-speaking natives. It's developed into an important banking and financial services centre, attracting domestic and international wealth. 

The city’s blend of Swiss efficiency and Mediterranean influence draws many visitors and expatriates. The lifestyle appeal, coupled with demand from second-home buyers, has increased accommodation costs and everyday living. 

6. Bern (Switzerland)

Switzerland’s capital combines government institutions with a strong service sector. While smaller than Zurich or Geneva, its political role, UNESCO-listed old town, and high quality of infrastructure contribute to steady housing demand. 

Limited space within the city centre has added to rising living costs, making Bern one of the country’s more expensive urban areas. The city’s role as a political hub and a cultural centre ensures continued interest from residents and professionals alike.

Most expensive cities in the US 2025*

The most expensive cities in the US are New York City (New York), Los Angeles (California), San Francisco (California), Honolulu (Hawaii) and Washington, D.C. (District of Columbia).

Source: Payscale

_{*according to costs and exchange rates on the day of writing.}

Most expensive cities in Europe 2025*

The most expensive cities in Europe are Zurich (Switzerland), Geneva (Switzerland), Paris (France), Copenhagen (Denmark), and Oslo (Norway).

Source: Expatistan, Numbeo.

_{*according to costs and exchange rates on the day of writing.}