According to Henley & Partners' World Wealthiest Cities Report, Monaco tops the list as the world's most expensive city, with average apartment prices reaching $3.88 million for 1,000 square feet. New York City and Hong Kong follow in second and third place respectively. The report, leveraging exclusive data from New World Wealth, highlights the extensive wealth distribution in Monaco, where more than 40% of residents are millionaires. It reflects trends in wealth migration and preferences among high-net-worth individuals, emphasizing Monaco's status as a premier safe haven for the wealthy.
The report breaks out into several lists, including the top 50 cities for millionaires, the world's fastest-growing wealth hubs, and one that caught our eye - the most expensive cities in the world.
Monaco, arguably the world's top safe-haven for the super-rich, where the average wealth exceeds $20 million, is also the top-ranked city in the world on a wealth per capita basis.
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