![]() Surprisingly, this is the Big Apple’s first time atop the ranking. Both these cities had high inflation and a strong currency. Singapore and New York City tied for the first rank amongst the world’s most expensive cities in 2022, pushing Israel’s Tel Aviv from the first place in 2021 to the third place in 2022. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city.īut if this inflation is compounded with a strong national currency, you may live in one of the world’s most expensive cities. Inflation + Strong Currency = Expensive Cities To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost.Ĭities become “expensive” due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. Visualizing The Most (and Least) Expensive Cities to Live In According to New World Wealth, approximately 80,000 millionaires have moved to the Land Down Under in the last two decades.Ī few things that attract migrants to Australia are the country’s low costs of healthcare, its lack of inheritance tax, and its generally prosperous economy. Here are the top 10 countries that saw millionaire inflows: CountryĪustralia continues to attract HNWIs, coming in second behind the UAE. This influx of ultra-wealthy people is partly because of the country’s accommodating immigration policies that are specially tailored to attract private wealth and international talent. The United Arab Emirates (UAE) has become a millionaire magnet, with a projected 4,000 HNWIs flowing into the country by the end of 2022. While Russia is expected to see 15,000 millionaires leaving the country, Ukraine is projected to experience the highest loss in percentage terms-a whopping 42% of its HNWIs could leave the country by the end of 2022.Ĭhina could also see a big loss in its millionaire population, with a projected loss of 10,000.Īccording to Andrew Amoils, Head of Research at New World Wealth, this could be more damaging to the country than in previous years, since general wealth growth in China has declined recently. ![]() Here are the top 10 countries by millionaire outflows: Country Escaping conflict is one of them, which is why it’s no surprise to see Russia and Ukraine are projected to see some of the biggest emigration numbers by the end of 2022. There are a plethora of reasons why the ultra-rich move countries. Which Countries Are Millionaires Leaving? Migration of Millionaires is Backīefore diving into the country-specific data, it’s worth taking a step back to look at overall millionaire migration trends, and how things are changing this year.Ģ020 saw a drastic drop in the number of millionaire migrants, as pandemic-induced lockdowns kept people from leaving their home countries-and at times, their homes in general.īut as restrictions ease and countries begin to open up their borders again, the migration of millionaires is beginning to gather steam once again: Yearīelow, we’ll dive into which countries are seeing the highest number of HNWI migrants, and which ones are losing the most HNWIs. This graphic maps the migration of high net worth individuals (HNWIs)-people with a net worth of over US$1 million-showing where rich people are flocking, and where they’re fleeing. Which countries are these millionaires moving to, and where in the world are they coming from? Throughout 2022, a projected 88,000 millionaires will move to a new country, according to the latest Henley Global Citizens Report. ![]() ![]() $1 Series Notes $2 Series Notes $5 Series Notes $10 Series Notes $20 Series Notes $50 Series Notes $100 Series Notes $500 Series Notes $1000 Series Notes $5000 Series Notes $10000 Series Notes $100000 Gold Certificate Contact UsĬurrent Values for collectible United States Paper Money
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