The Most Expensive Cities in the World in 2023

The Australian city made EIU’s list as the 10th most expensive place to live in the world, which it shares with Copenhagen, Denmark. The city inched up the list from last year when it ranked at number 14.

Among the contributing factors to the increase in Sydney’s cost of living are exorbitant rent fees – the weekly rent for a one-bedroom apartment can range from $450 to $550, and a two bedroom starts around $650 per week. High demand and low inventory in the real estate market also present city dwellers with difficulty when it comes to finding an affordable home to purchase.