It’s Official – Hong Kong Is The Most Expensive City In The World To Live In

The most expensive cities to live in around the world in 2019 have been revealed in the 15th Annual Demographia International Housing Affordability Survey.

cyberpogo

The study analysed 309 housing markets (and 91 major markets with populations over a million) in eight countries — Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the UK, and the US.

To produce the ranking, it looked at data from the third quarter of 2018 using the “mean multiple” approach — the median house price divided by the median household income.

The survey shows that the most “severely unaffordable major housing markets” are currently in Australia, New Zealand, and China.

Scroll down to see the 10 most expensive cities to live in around the world in 2019, ranked my mean multiple in ascending order.

10. San Francisco, California, US — 8.8

9. Auckland, New Zealand — 9.0

8. Tauranga-Western Bay of Plenty, New Zealand — 9.1

7. Los Angeles, California, US — 9.2

6. San Jose, California, US — 9.4

5. Santa Cruz, California, US — 9.6

4. Melbourne, Australia — 9.7

3. Sydney, Australia — 11.7

2. Vancouver, Canada — 12.6

1. Hong Kong, China — 20.9

 

This feature is written by  & originally appeared in Business Insider
.

 

LEARN MORE  Hong Kong: Why The ‘One Country, Two Systems’ Model Is On Its Last Legs



Our humans need coffee too! Your support is highly appreciated, thank you!

Total
22
Shares
Previous Article
hongbao-lunar-new-year-chuttersnap-1_vxqCH2HIw-unsplash

8 Chinese New Year Traditions To Get Right

Next Article

New Taxation Updates: The Impact Of The Tax Cuts & Jobs Act On People & Different Industries

Related Posts
Total
22
Share