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ASIA is famous for being the most culturally diverse continent and boasts regions with booming economies. The continent has experienced massive growth over the years and welcomes expats from all backgrounds.
Travelers looking to move to Asia will find plenty of natural resources and abundant employment opportunities to enjoy. Living in this region is worth it as long as one is willing to adjust to the new environment and culture.
When it comes to tourism, there are numerous things to see and do. Whether visiting the most beautiful Southeast Asia destinations or planning a trip to some of the best countries in East Asia, this continent is brimming with some of the world’s most iconic tourist spots.
Asia is also the most populous and costliest continent and boasts some of the most expensive cities in the world, with Singapore currently topping the list. These are the 10 most expensive cities in Asia, ranked by cost of living.
These are the world’s most expensive cities:
(1). Hsinchu, Taiwan
Cost of living: US$844 for one person. Hsinchu is one of the most stunning destinations in Eastern Asia, famous for its incredible blend of traditional Taiwanese culture and modern amenities. The cost of living in Hsinchu is considered one of the most expensive, and a single person will spend US$314 on rent and utilities – and about US$814 for a family of four. The city has made its first appearance as one of the most expensive cities in Asia.
The average cost of rent: US$314. Top attractions to see: Chenghuang Temple, Gaofeng Botanical Garden, and Hsinchu Science Park.
(2). Bangkok, Thailand
Cost of living: US$958 for one person. The amount of money one will need in Bangkok will vary, depending on individual needs and budget, but expats need an average of US$958 for a single person to live comfortably in the city. A family of four should have US$2,795, and an average of US$445 for rent and utilities means housing is the major cause of the high cost of living. Known for its high level of development, Bangkok is one of Asia’s costliest cities.
The average cost of rent: US$445. Top attractions to see: Wat Arun, Jim Thompson House Museum, and Wat Traimit.
(3). Beijing, China
Cost of living: US$1,116 for one person. Beijing is recognized for being one of China’s most beautiful cities and among the costliest cities in Asia, with housing claiming the most expenses. To pay rent and utilities, expats will spend about US$638 per month. Other expenses, such as food and transportation, depend on one’s lifestyle, but these services are definitely pricey for those looking for a high quality of life in Beijing.
The average cost of rent: US$638. Top attractions to see: The Forbidden City, The Great Wall of China, and the Summer Palace.
(4). Taipei, Taiwan
Cost of living: US$1,136 for one person. Taipei has a reputation for being one of the safest and most beautiful destinations in East Asia and boasts an incredible culinary scene, friendly and welcoming locals, a world-class health care system, and plenty of things to explore. Taiwan’s capital is also among the most expensive cities in Asia for this year, with the cost of accommodation in the city varying depending on location and size. On average, expats can pay US$501 on rent and utilities. Vacationers will find plenty of things to do in Taipei City, Taiwan’s cultural capital.
The average cost of rent: US$50. Top attractions to see: Chiang Kai-shek Memorial Hall
(5). Shanghai, China
Cost of living: US$1,165 for one person. Being one of China’s biggest cities, Shanghai is one of the most expensive cities, not only in Asia but also in the world. Also referred to as the ‘Paris of the East, the city’s accommodation ranges between high-end luxury apartments and budget flats, but on average, expats can expect to pay an average of $613 for rent and utilities. The city boasts a vibrant nightlife with a plethora of clubs and bars to choose from.
The average cost of rent: US$613. Top attractions to see: The Bund, Shanghai Propaganda Poster Art Center, and Qibao.
(6). Tokyo, Japan
Cost of living: US$1,363 for one person. Tokyo is famous for being the main gateway to Japan, thanks to being an international financial and business center. What makes it one of the most expensive cities in Asia is the fact that it’s densely populated. The city boasts swift public transportation, which means the locals and travelers can easily get around, but living there is still going to be pricey, with rent being the primary reason for the expense.
The average cost of rent: US$718.13. Top attractions to see: Tokyo National Museum, Golden Gai, and Shibuya Crossing.
(7). Yokohama, Japan
Cost of living: US$1,411 for one person. Yokohama is another pricey city in Asia and comes with its unique advantages and disadvantages of living there. Its location means housing is expensive, and expats can expect to pay US$669 per month for a single person and about US$1,305 for a family of four members for rent. The city is family-friendly, with numerous parks, schools, and recreational opportunities to enjoy.
The average cost of rent: US$669. Top attractions to see: Landmark Tower, Cross Yokohama Bay Bridge, and Osanbashi Pier.
(8). Seoul, South Korea
Cost of living: US$1,486 for one person. The primary reasons for the high cost of living in Seoul, South Korea, are the housing prices and security deposits. Fine dining and nightlife experiences can be enjoyed in the city’s glittering nightclubs. Shopping can be pricey in this city, and travelers who prefer a luxury lifestyle will have to spend a significant amount of money. Seoul ranks third among the most expensive cities in Asia.
The average cost of rent: US$1,500. Top attractions to see: Gyeongkgung, Changdeokgung, Leeum Samsung Museum.
(9). Hong Kong, China
Cost of living: US$2,733 for one person. Hong Kong is the second-most expensive city in the world and Asia. Rent is the primary reason why it’s so pricey. The overinflated property value means finding accommodation is going to be expensive in this Asian city. Also, the return of tourists has hiked the rates for suites and fine dining experiences. The fact that Hong Kong imports food and other commodities contributes to the high cost of living. But on the bright side, expats are paid high salaries, so a high quality of life is definitely guaranteed in the city.
The average cost of rent: US$2,000. Top attractions to see: The Peak, Lan Kwai Fong, the Big Buddha.
(10). Singapore
Cost of living: US$3,285 for one person. Singapore is pretty small, and the increasing population, consisting of locals and foreigners, is one of the major contributors to its high cost of living. The fact that it lacks natural resources means the residents depend on imported food. As a result, the locals suffer higher prices of food and beverages than other cities across the continent. The cost of housing varies depending on the location. Tourists planning to stay in the high-end luxury apartments will pay between US$8,300 and US$13,000 per month for rent. For the ninth time, Singapore remains the most expensive city in the world over the past eleven years.
The average cost of rent: US$2,100. Top attractions to see: Singapore Botanic Gardens, National Gallery Singapore, and Singapore Flyer. [sources/photo special]
