NYC was just named the second-most expensive city in the world

Not a day goes by when we don’t think about how expensive it is to live in New York City, and these head-numbing tariffs are unlikely to relieve us from the burdens of late-stage capitalism anytime soon. 

Now, a new report by wealth firm Henley & Partners just confirmed what we already knew: New York City is one of the most expensive places to live in the entire world. 

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Specifically, this study looked at the cost of having a home. The researchers analyzed the average square meter price of a “prime
100- to 200-square-meter apartment." At the top of the list was Monaco, where apartments of that size go for $38,800 per square meter.

In second place, unfortunately, was New York City, with a whopping $27,500 per square meter. If you were wondering why our city is so dang expensive, the answer is partially because we have a 384,500 millionaires, according to that study. 

As always, we’re disappointed but not surprised. The fact that we beat out cities like Hong Kong and London, though, says a lot about how in-demand New York continues to be. Maybe it’s because we have some of the best art in the world, or perhaps people come here for our amazing food festivals. Whatever the reason, we just hope they can be a little more mindful about the rest of us regular tax bracket folk. 

Other very expensive cities on the list included Paris, Sydney and several American cities, including L.A., which came in 10th. 

Here are the top 10 most expensive cities in the world, according to that list. 

These are the world’s 10 most expensive cities

1. Monaco
2. New York
3. Hong Kong
4. London
5. Saint-Jean-Cap-Ferrat
6. Paris
7. Sydney
8. Palm Beach
9. Miami Beach
10. Los Angeles