In this July 13, 2017, file photo, a man walks through the streets of Chicago, Ill.
A new report released Wednesday by a global consulting firm says the United States is the world’s most expensive city to live in and that the most expensive cities are not in the U.S.
A new report by a consulting firm predicts the United Kingdom, France and China are the most pricey cities in the world.
The report, by Mercer Global, says the median house price in London, England, is $1.1 million, which is $500,000 more than the median American house price of $1 million.
(AP Photo/Patrick Semansky, File)In its report, Mercer Global estimates that the median home value in London is $3.1 billion, which includes more than 60 percent of the median household income.
The report, titled “The Most Expensive Cities in the World: Where are the Richest, the Richer and the Riche?”, found that the United Nations’ World Happiness Report for 2018 has the U-shaped curve of global happiness and its highest score is at the very top of the ranking.
The highest score for global happiness is at #10 on the Mercer Global list.
The median household wealth in the United Sates is $11,000, which was $6,000 higher than the global median household net worth of $6.2 trillion.
Mercer Global also noted that the U.-shaped curve was “the most extreme in the past 20 years.”
The report said there are approximately 13,000 cities in North America that score between #9 and #9.1 on the index, which indicates that there are at least 13 cities in each of the countries.
Mercer said the top 10 most expensive metropolitan areas were in the UK ($2.2 billion), Japan ($1.7 billion), Hong Kong ($1 billion), Australia ($1 million), France ($900,000), Italy ($800,000) and Spain ($600,000).
“The United States remains the world leader in unaffordable housing, with its housing stock at the most unaffordable level in the OECD, and the United Arab Emirates remains the most affordable country in the region, with the median housing cost at the lowest level in more than a decade,” Mercer Global CEO, Matthew D. Brown, said in a statement.