The fifteenth edition of Demographia International Housing Affordability, specializing in the state’s demographic housing, revealed the list of the 10 most expensive cities to live all over the world.
The study analyzed 309 of the housing market and (91 major markets with a population of more than one million people) in 8 countries: Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the United Kingdom and the United States, using the average home price divided by average household income.
The study looked at data for the third quarter of 2020 using the “multiple average” – the average home price divided by the average household income according to the Business Insider website.
The survey shows that most of the main “affordable housing markets” are currently in Australia, New Zealand and China.
Here is a list of the 10 most expensive cities to live worldwide in 2020:
Table of Contents
- 1. Hong Kong, China – 20.9
- 2. Vancouver, Canada – 12.6
- 3- Sydney, Australia – 11.7
- 4. Melbourne, Australia – 9.7
- 5. Santa Cruz, California, United States – 9.6
- 6. San Jose, California, United States – 9.4
- 7. Los Angeles, California, USA – 9.2
- 8. Tauranga – Western Bay of Plenty, New Zealand – 9.1
- 9. Auckland, New Zealand – 9.0
- 10. San Francisco, California, United States – 8.8
1. Hong Kong, China – 20.9
2. Vancouver, Canada – 12.6
3- Sydney, Australia – 11.7
4. Melbourne, Australia – 9.7
5. Santa Cruz, California, United States – 9.6
6. San Jose, California, United States – 9.4
7. Los Angeles, California, USA – 9.2
8. Tauranga – Western Bay of Plenty, New Zealand – 9.1
9. Auckland, New Zealand – 9.0
10. San Francisco, California, United States – 8.8
1. Hong Kong, China – 20.9
2. Vancouver, Canada – 12.6
3- Sydney, Australia – 11.7
4. Melbourne, Australia – 9.7
5. Santa Cruz, California, United States – 9.6
6. San Jose, California, United States – 9.4
7. Los Angeles, California, USA – 9.2
8. Tauranga – Western Bay of Plenty, New Zealand – 9.1
9. Auckland, New Zealand – 9.0
10. San Francisco, California, United States – 8.8
