Manas Malhotra
The cost of maintaining a luxury lifestyle varies across global cities. The Julius Baer Lifestyle Index 2026 identifies the most expensive destinations for high-net-worth individuals based on luxury goods and premium services.
Bangkok, Thailand, ranks tenth on the list. The city attracts wealthy individuals with luxury hotels, premium healthcare, fine dining and a growing range of high-end lifestyle services.
Milan, Italy, secures the ninth position. Known as the country's fashion capital, it remains a global destination for designer shopping, luxury brands and premium experiences.
Sydney, Australia, ranks eighth, driven by its expensive housing market, luxury waterfront properties, premium education and high standard of living.
Paris, France, takes the seventh spot. The city continues to be one of the world's leading luxury destinations, known for fashion, fine dining, luxury retail and premium real estate.
Shanghai, China, ranks sixth, reflecting the country's growing luxury market. It offers premium shopping, luxury residences and world-class lifestyle experiences.
London, United Kingdom, comes in fifth. As one of the world's leading financial centres, it remains an expensive destination due to its luxury property market, premium services and high-end retail.
Hong Kong, China (SAR), secures the fourth position. Limited residential space, a strong financial sector and luxury retail continue to make it one of the costliest cities for the wealthy.
Monaco, the sovereign city-state, ranks third. It is renowned for ultra-luxury real estate, exclusive lifestyles, luxury yachts and a high concentration of millionaires.
Zurich, Switzerland, takes second place. The country's financial capital is known for its high cost of living, premium banking services, luxury shopping and exceptional quality of life.
Singapore tops the Julius Baer Lifestyle Index 2026 as the world's most expensive city for the wealthy. Strong demand for luxury homes, premium services, fine dining and high-end retail helped it retain the top position.