Top 10 Most Expensive Cities To Live Around The World (2025)

As global mobility continues to rise and international relocation becomes increasingly common, understanding the cost of living across the globe becomes essential. Among the most significant indicators of cost is the price of real estate, especially in prime urban areas. In 2025, cities around the world continue to compete for the title of the most expensive, shaped by demand, economic policies, and prestige.

Top 10 Most Expensive Cities in the World (2024–2025)

Rank	City	Country	Average Price (USD/m²)
1	Monaco	Monaco	38,800
2	New York City	USA	27,500
3	Hong Kong	Hong Kong (SAR China)	26,300
4	London	UK	24,000
5	Saint-Jean-Cap-Ferrat	France	21,200
6	Paris	France	20,400
7	Sydney	Australia	19,500
8	Palm Beach	USA	18,000
9	Miami Beach	USA	17,800
10	Los Angeles	USA	17,500

Monaco: The Undisputed Leader

According to the latest New World Wealth report by Henley and Partners, Monaco holds the top spot as the most expensive city in the world. This tiny principality on the French Riviera has long been associated with wealth and exclusivity. Over 40% of its residents are millionaires, the highest percentage of any city globally.

Monaco’s real estate market reflects this elite status, with luxury apartments ranging between 100 to 200 m² often priced at more than USD 38,800 per square meter. The city’s appeal stems from its tax benefits, stunning Mediterranean views, and high-end lifestyle, making it a magnet for the ultra-wealthy.

New York City: America’s Most Expensive

Ranking second is New York City, the most expensive city in the United States. Known as a global financial hub and cultural capital, New York commands an average premium real estate price of USD 27,500 per m². The demand in areas such as Manhattan and Brooklyn remains high, driven by both domestic and international investors.

The city’s diverse economy, renowned educational institutions, and vibrant lifestyle make it an attractive, albeit costly, destination.

Asia’s Elite: Hong Kong

In third place is Hong Kong, often ranked among the world’s most dynamic cities. Despite facing recent political and economic challenges, its real estate remains extraordinarily expensive, averaging USD 26,300 per m². This Asian financial powerhouse is renowned for its limited land supply, high population density, and status as a key player in global commerce.

London: Europe’s Prime Market

London ranks fourth, with an average real estate price of USD 24,000 per m². As the capital of the United Kingdom, London continues to draw international investors, especially in areas such as Knightsbridge, Mayfair, and Chelsea. Its historic charm, educational prestige, and global business environment keep the demand consistently high.

French Riviera’s Hidden Gem: Saint-Jean-Cap-Ferrat

Taking fifth place is Saint-Jean-Cap-Ferrat, a picturesque town in France, where the average cost of property reaches USD 21,200 per m². Known for its exclusive villas and luxurious lifestyle, this serene coastal village attracts wealthy individuals seeking privacy, tranquility, and scenic beauty.

Paris: Timeless Elegance

Not far behind is the capital of France, Paris, with premium real estate priced at USD 20,400 per m². The city’s timeless appeal, iconic architecture, and cultural richness contribute to its high property values. Prestigious districts like the 7th arrondissement and 16th arrondissement are particularly desirable.

Sydney: Australia’s Coastal Metropolis

Sydney claims the seventh spot globally, with an average cost of USD 19,500 per m². As Australia’s financial and cultural center, Sydney boasts stunning harbors, high quality of life, and a strong property market. Neighborhoods such as Point Piper and Vaucluse are especially sought after.

Rising Stars in the U.S.

The United States features prominently in this year’s top rankings. Apart from New York City, three more American cities make the list:

• Palm Beach (8th) – USD 18,000 per m²
• Miami Beach (9th) – USD 17,800 per m²
• Los Angeles (10th) – USD 17,500 per m²

Each of these cities is known for its luxurious lifestyle, coastal charm, and strong demand among celebrities, investors, and high-net-worth individuals.

Global Diversity in Luxury Living

This year’s rankings highlight a strong European presence, with France leading the way with six cities or towns on the list. Switzerland and Italy each have two entries, while the United Kingdom is represented by London.

The United States, with four cities in the top ten, continues to show its global dominance in high-end real estate. Meanwhile, Asia contributes with notable entries such as Singapore and Tokyo, ranked 11th and 16th respectively.

Singapore averages USD 16,700 per m², while Tokyo follows with USD 14,700 per m². Both cities are major financial hubs with a strong international appeal.