ARAMCO Report - The Mother of ALL Mortgage Blogs!

World’s most expensive cities to live

Posted by Mehran Aram on Sat, Mar 23, 2019 @ 09:03 AM

In its annual Worldwide Cost of Living report, the Economist Intelligence Unit listed the most expensive places on the planet to live. Only two U.S. cities make the top 10: New York and Los Angeles and the only North American locations on the list. New York tied for seventh place with Copenhagen, Denmark and Seoul. Los Angeles landed the tenth spot, tying with Tel Aviv, Israel.

The list ranked 133 cities around the world based on over 150 factors including housing, commutes and household expenses. U.S. cities were among the priciest when it comes to utilities and domestic help.

Paris, Singapore and Hong Kong jointly held the title of most expensive cities to live. Despite San Diego being among the most expensive markets in the U.S., on a global scale, America’s Finest City didn’t make the list.

Today, conforming no-point 30-year fixed mortgage rates are averaging 4.25 percent, 15-year rates are near 3.75 percent and the 5-year ARM is averaging 4.25 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.

Topics: San Diego, Mortgage rates, Expensive Cities, Cost of Living