Swiss Bank Conducts Survey on Price of Luxury in Rio and 27 Other World Cities

In the overall ranking, Hong Kong was the city with the highest cost of living in the world. Rio de Janeiro proved to be an affordable city to buy property and services.

RIO DE JANEIRO, BRAZIL - To better understand the prices of luxury items around the world, the Julius Baer Group, a Swiss bank, conducts an annual survey examining in detail how much it costs to live luxuriously in several cities on the planet.

Called the Global Wealth and Lifestyle Report 2020, the study compared the prices of 28 of the world's most important cities in five different categories, which expand to 20 sub-categories.

The study categories are divided into "Home", "Experience", "Fashion", "Family" and "Wellness", with sub-categories encompassing various luxury items and services.

Of the 28 cities included . . .

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