The 25 cities with the highest rental prices in the world: does Hong Kong top the list?
If you’re looking to save money on housing, you probably shouldn’t live in Hong Kong.
It’s home to the world’s most expensive rent, according to Deutsche Bank’s 2019 edition of its annual “Mapping the World’s Prices” report, which highlights the cost of living in 56 global cities, including the average monthly rent for a typical two-bedroom flat. To determine this specific data, the report sourced prices from Expatian, a s ite that tracks cost-of-living expenses in over 200 countries.
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Hong Kong and San Francisco are the only two cities on the list where the average monthly two-bedroom rent exceeds US$3,000. San Francisco is one of four US cities that make the list of the top 25 global cities with the most expensive rent, along with New York, Boston and Chicago.
Worldwide, rent in Dubai saw the biggest decline from the past year, while rent in Frankfurt, Tokyo and Zurich saw the biggest rent increases.
Here are the most expensive cities in the world to rent a two-bedroom flat, and the percentage change refers to the increase or decrease in rent from 2018 to 2019.
25. Milan, Italy
Monthly rent: US$1,395
Percentage change: +5 per cent
24. Shanghai, China
Monthly rent: US$1,432
Percentage change: +7 per cent
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23. Frankfurt, Germany
Monthly rent: US$1,471
Percentage change: +12 per cent
22. Stockholm, Sweden
Monthly rent: US$1,484
Percentage change: -4 per cent
21. Chicago, US
Monthly rent: US$1,527
Percentage change: +7 per cent
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20. Auckland, New Zealand
Monthly rent: US$1,533
Percentage change: -7 per cent
19. Vancouver, Canada
Monthly rent: US$1,556
Percentage change: -3 per cent
18. Dubai, UAE
Monthly rent: US$1,576
Percentage change: -12 per cent
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17. Wellington, New Zealand
Monthly rent: US$1,581
Percentage change: -1 per cent
16. Toronto, Canada
Monthly rent: US$1,602
Percentage change: +7 per cent
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15. Helsinki, Finland
Monthly rent: US$1,612
Percentage change: -7 per cent
14. Oslo, Norway
Monthly rent: US$1,808
Percentage change: -7 per cent
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13. Copenhagen, Denmark
Monthly rent: US$1,809
Percentage change: -2 per cent
12. Amsterdam, Netherlands
Monthly rent: US$1,854
Percentage change: -1 per cent
11. Singapore
Monthly rent: US$1,893
Percentage change: -4 per cent
10. Tokyo, Japan
Monthly rent: US$1,903
Percentage change: +9 per cent
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9. Sydney, Australia
Monthly rent: US$1,969
Percentage change: -4 per cent
8. Dublin, Ireland
Monthly rent: US$2,018
Percentage change: -1 per cent
7. Boston, US
Monthly rent: US$2,210
Percentage change: +2 per cent
6. London, UK
Monthly rent: US$2,338
Percentage change: -3 per cent
5. Paris, France
Monthly rent: US$2,455
Percentage change: -1 per cent
4. Zurich, Switzerland
Monthly rent: US$2,538
Percentage change: +9 per cent
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3. New York City, US
Monthly rent: US$2,909
Percentage change: +2 per cent
2. San Francisco, US
Monthly rent: US$3,631
Percentage change: -1 per cent
1. Hong Kong
Monthly rent: US$3,685
Percentage change: -1 per cent
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This story originally appeared on Business Insider.
San Francisco is one of four US cities in the top 25 for sky-high rents, along with New York, Boston and Chicago, but where does Hong Kong place?