The question of why cities are more expensive than other places is a popular one. Oftentimes people will look at the big picture: Why would any city be more costly than others? Why should I move if my new city will cost me so much money every month? In this blog post, we’ll explore some of the most common reasons why cities are more expensive than others, and how to find affordable homes in these pricier areas.
There are many factors that go into the cost of living in any given city (and country). For example, there might be more expensive housing in a city because it’s also often located near greener suburban areas or other natural amenities that make houses worth more. Or maybe there aren’t as many local services keeping housing prices down. It could also be that certain industries tend to concentrate in certain cities for obvious reasons—for instance, pharmaceutical manufacturers might cluster together for ease of transportation and access to laboratories and test facilities.
Homeloanfinder, an Australian firm recently published an infographic on their website relating to the top 10 most expensive cities to live in in 2010. It costs $7000 USD to live in rent luxury in Luanda (Angola) is the most costly. Have a look at more cities in the top 10 list. This infographic is neatly designed, with a chart at the end comparing population, rent, cost of coffee, cost of newspaper and cost of a fast food meal. + if you are curious about the latest trends related to nomads and different costs associated with living, you must check out nomadlist.
10 Most Expensive Cities To Live In 2010