NYC Has the Highest Cost of Living Worldwide 🗽

Key Takeaways

• A one-bedroom in central New York City averages $4,107 in rent, while living costs for a single person are about $1,700 per month.
• Five of the top 10 cities with the highest cost of living are in Switzerland.
• The cost of living in San Francisco (#4) is about 15% less than New York City.

Where Living Costs Are the Highest Globally

As of mid-year 2025, New York City is the most expensive place to live as high housing demand and limited supply drive up prices.

Zurich ranks second globally, fueled by expensive housing costs and the strength of the Swiss franc.

Ranking in eighth is Singapore, making it the most expensive in Asia, driven by high population density and its role as a global financial hub.