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

Singapore retained its top spot as the most expensive city globally for high-net-worth individuals (HNWIs) for the third consecutive year, according to the 2025 Global Wealth and Lifestyle Report by Swiss bank Julius Baer.

The report is based on the Julius Baer Lifestyle Index, which looks at the relative cost of a basket of 20 goods and services that affluent consumers across 25 major cities globally buy and use such as cars, jewelry, lawyers and private schools. It also includes data from a survey of 360 HNWIs (bankable household assets of $1 million or more).

The sixth edition of the bank's annual report comes amid global economic uncertainty, rising geopolitical tensions and a slowdown in consumer spending.