Here are 10 of the most expensive cities for high-net-worth individuals, according to a new report

Singapore retained its apical spot arsenic the astir costly metropolis globally for high-net-worth individuals (HNWIs) for the 3rd consecutive year, according to the 2025 Global Wealth and Lifestyle Report by Swiss slope Julius Baer.

The study is based connected the Julius Baer Lifestyle Index, which looks astatine the comparative outgo of a handbasket of 20 goods and services that affluent consumers crossed 25 large cities globally bargain and usage specified arsenic cars, jewelry, lawyers and backstage schools. It besides includes information from a survey of 360 HNWIs (bankable household assets of $1 cardinal oregon more).

The sixth edition of the bank's yearly study comes amid planetary economical uncertainty, rising geopolitical tensions and a slowdown successful user spending.

Data postulation for this survey was completed earlier the U.S. medication announced its tariff plans, truthful the consequent marketplace turmoil was not factored into this year's numbers, according to the report.

Notably, the study recorded a 2% diminution successful U.S. dollar presumption for the outgo of a high-net-worth lifestyle. This is important due to the fact that "historically, high-end user prices person risen astatine doubly the complaint of mean user prices," the study said.

The study added that a diminution of much than 1 percent constituent underscores the headwinds facing the high-end sector. "One of the biggest drivers of this was a autumn successful the terms of technology, which has decreased crossed each regions."

In contrast, the terms for concern people flights and watches roseate sharply by 18.2% and 5.6%, respectively, successful the past year, according to the report.

Ultimately, spending inactive accrued globally among the HNWIs who were surveyed for the study, albeit astatine a lesser grade than successful erstwhile years. Europe showed the slowest maturation compared to the Middle East, Latin America, North America and the Asia-Pacific regions.

Here are the apical 10 astir costly cities for high-net-worth individuals globally:

1. Singapore
2. London
3. Hong Kong
4. Monaco
5. Zurich
6. Shanghai
7. Dubai
8. New York
9. Paris
10. Milan

This year, Europe made up 5 of the 10 costliest places for HNWIs to unrecorded with London starring the group, ranking 2nd globally. London has consistently been a beardown performer connected the index.

"Through the planetary fiscal crisis, Brexit, the Covid pandemic, and a warfare successful Europe, it has ever maintained a spot successful the precocious reaches," according to the report. That is partially owed to the city's presumption arsenic a planetary fiscal hub that's modern and cosmopolitan with "history, liveability, culture, and charm."

Meanwhile, Dubai made a large leap to seventh spot from 12th spot past year, mostly attributable to rising property, car, and champagne prices, the study noted.

Shanghai, connected the different hand, dropped to the sixth presumption from the fourth, a steep tumble from its apical ranking successful 2022. And notably, determination was lone 1 American metropolis — New York — successful the apical 10 connected the list.

The Asia-Pacific portion topped the ranks, with Singapore and Hong Kong landing successful 2 of the apical 3 positions for the astir costly cities.

"Asia Pacific remains 1 of the fastest-growing regions globally. Real GDP grew 4.5% twelvemonth connected twelvemonth successful 2024 – moderating somewhat from 5.1% successful 2023 but inactive outpacing the planetary mean of 3.3%," said probe expert astatine Julius Baer, Jen-Ai Chua.

"Firm fundamentals person acceptable the signifier for the accelerated ascent of wealthiness successful the region. The fig of high-net-worth individuals successful Asia is projected to person grown 5% twelvemonth connected twelvemonth to 855,000 successful 2024," Chua added.

Interestingly, though Singapore maintained its apical presumption arsenic the astir costly metropolis for HNWIs, it inactive remains precise livable. The state is simply a starring prime for relocation and residency, according to the report, connected relationship of its unchangeable governmental environment, wide information and prime healthcare and education.

The city-state is besides becoming a pioneer successful wellness tourism, "opening a slew of therapeutic gardens to assistance visitors who are funny successful intelligence wellness experiences," the study said. This comes amid a wider inclination of an accrued accent connected longevity.

Nearly each of the respondents were funny successful longevity and ageing well, with betwixt 87% (North America) and 100% (APAC) actively taking steps to summation their longevity. This ranges from manner changes similar regular workout and bully fare to investing successful things similar cistron therapy and cryogenic chambers.

These high-net-worth individuals were besides acrophobic with fiscal longevity. "The immense bulk of respondents successful each regions saw an summation successful wide plus value, and a akin bulk accidental they would set their wealthiness strategies were they to unrecorded 10 years oregon much longer than expected," according to the report.

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