It is quite surprising to know that half of the top ten expensive cities of the world belong to Asia. Also, many cities of Asia have made their place in the top one hundred most expensive cities of the world. Below, we have listed the top ten most expensive cities in Asia which have the highest cost of living according to the latest survey.
The Most Expensive Cities in Asia in 2018
10. Kuala Lumpur
Kuala Lumpur ranks 262 out of 365 most expensive cities of the world and 10th amongst the expensive cities in the Asia in 2018. The city is 42 times more expensive than Delhi. A family with 4 members has to spend around 7190.86RM (116, 712.33 rupees) for living comfortably at this place. The living index of Kuala is 55% higher than Bangalore. If a single person is lives in this city then his expenses are around 35000 rupees per month. Clothes and child care products are quite expensive here. One has to spend around the 28133.33RM annual primary education of a child. Even the monthly rentals of the apartments in this city are quite higher as compared to other Asian cities.
Shenzhen is another Asian city with a high cost of living. This city has its living index 70% higher than Bangalore and has a rank of 367 out of 542 cities of the world. The rent of one bedroom apartment in the city centre costs up to 40,000 rupees per month and rises up to 100,000 rupees for 3 bedroom apartments. Shenzhen has the 7th most expensive per square metre price for buying an apartment in the city centre and the major overheads of the city lie in the rental and markets vicinity. The restaurants of the city also contribute in the high living cost of the place.
Taipei is the one of the most expensive city in the Asia in 2018. Out of 472 cities, Taipei is ranked as the 2nd city to have the most expensive milk products. The maximum expenditure of the city is under the markets and then the rental Algorithms. According to many surveys, the monthly rent for a one bedroom apartment in the city centre costs around 36,000 rupees and reaches up to 77,000 Rs for 3 bedroom apartments. The average monthly salary of the employees working there is about 130,000 rupees. The gas and electricity bills of the city are consistent throughout the year but could vary from 12$ to 50$ per person according to use.
Bangkok ranks 336th out of the total 542 cities of the world in this cost living race and hence has the 7th position in the most expensive cities in the Asia in 2018. The city is around 89.29% more expensive than Bangalore. The monthly expenditure for general survival of single person living in the city is more than 42,000 rupees. The monthly rent of a single bedroom apartment in the city is around 40000 rupees and reaches up to 125,000 rupees for a 3 bedrooms apartment in the city centre. The average monthly salary of a person in Bangkok is around 49000 Rs.
Recently, Beijing has been awarded as the most unaffordable city of the world for its housing expenditures. This clearly means that the house rents are quite high relative to the average income of the people living there. They have to pay 3 month’s rent of the apartments and that too altogether. Here, ‘fully furnished’ generally doesn’t mean the same. So you will have to buy your bed, table and chairs etc. on your own. The most annoying part of this city is that the maximum companies pay their employees on 10th or 15th date of the month which means a person works more than a month to earn the monthly salary.
Ranked as the 5th most expensive city in Asia, Shanghai has a high cost of living according to the latest cost of living survey of 2018. The expenses of this city are considered as the highest amongst all the other cities in China. The lifestyle of Shanghai is quite advanced and the people living there enjoy a luxurious life. The city has many expensive restaurants. Child-education expenses of Shanghai are quite expensive for a common man.
Planning for a vacation at Seoul? Well, you must be aware of the large amount of money that has to be spent. Here, people would have to spend a lot on food, transportation and other bills. Apartment rents and food are all quite expensive. Monthly hotel rents and dinner expenses are more than the other cities of China. It is the 4th most expensive Asian city as declared by the cost of living survey 2018. Planning for a vacation in the city can cost you more than you expect. Even the average salaries of the employees working here are higher than the other cities.
Tokyo is a beautiful city which has the reputation of being one of the most expensive cities of the world. One has to sacrifice the basic comforts of life in this city to live for cheaper expenses here. The city ranks number 3 amongst the top 25 most expensive cities in the Asia in 2018. Here, apartment rents and food expenses are quite high. People have a suitable salary but sometimes for saving some amount of money, they have to compromise with small apartments.
Cost of living in Singapore is around 242.97% higher than all the other cities in India. The apartment rents contribute to around 41.9% of the total cost of living. After these rents, the market section of the city contributes to 26% of the range. Also, the transportation expenses are quite high in Tokyo. The food and clothing costs are also higher than the average prices in this city. Along with the beauty that it offers to its visitors, the city has a long bill waiting for them too.
Hongkong is the most expensive city of Asia according to the latest cost of living survey done by the officials. The city ranked 120 out of total 542 cities of the world in terms of their expenses. The index of the city is 166% higher than the cost of living in Bangalore. The maximum expenses of the city are under the transportation section. The food and restaurants expenses are much higher than all the other cities. The leisure sources such as sports and clothing are also quite expensive and contribute to the cost of living scenario of Hongkong.
This list of the top 10 expensive cities of Asia was made after comparing more than 200 items including house rents, clothing, transportation etc. these cities are considered to have the highest cost of living index among all the other cities in Asia.