The 10 most expensive cities to live in around the world in 2019

San Jose, California is one of the most expensive places in the world to settle down.

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San Jose, California is one of the most expensive places in the world to settle down.
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Sundry Photography/Shutterstock

  • The 15th Annual Demographia International Housing Affordability Survey has revealed the most expensive cities to live in around the world.
  • The study looked at 309 housing markets in Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the UK, and the US.
  • It uses the “mean multiple” approach – the median house price divided by the median household income.

The most expensive cities to live in around the world in 2019 have been revealed in the 15th Annual Demographia International Housing Affordability Survey.

The study analysed 309 housing markets (and 91 major markets with populations over a million) in eight countries – Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the UK, and the US.

To produce the ranking, it looked at data from the third quarter of 2018 using the “mean multiple” approach – the median house price divided by the median household income.

The survey shows that the most “severely unaffordable major housing markets” are currently in Australia, New Zealand, and China.

Scroll down to see the 10 most expensive cities to live in around the world in 2019, ranked my mean multiple in ascending order.


10. San Francisco, California, US — 8.8

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Pius Lee/Shutterstock

9. Auckland, New Zealand — 9.0

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Secret Escapes

8. Tauranga-Western Bay of Plenty, New Zealand — 9.1

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travellight / Shutterstock

7. Los Angeles, California, US — 9.2

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Sean Pavone/shutterstock

6. San Jose, California, US — 9.4

San Jose, California is one of the most expensive places in the world to settle down.

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Sundry Photography/Shutterstock

5. Santa Cruz, California, US — 9.6

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Dale Cruse/Flickr

4. Melbourne, Australia — 9.7

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kitsada wetchasart/Shutterstock

3. Sydney, Australia — 11.7

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Photo by Simon Rae on Unsplash

2. Vancouver, Canada — 12.6

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Viktor Birkus/Shutterstock

1. Hong Kong, China — 20.9

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