Paris, which is the largest and capital city of France, located on the banks of river Seine. It occupies the third position in the list of the most expensive cities of the world. Paris comprises of large metropolitan area along with other satellite towns. However, it is still one of the most compact cities of the world with beautiful archaic structures all over the place making it one of the most beautiful places of the world. It witnesses many major political and historical events that changed the history of the world. Tourism is one of the major industries that helped the city of Paris along with its strong industrial sector. Lack of modern and commercial areas are pushing up the property prices and the wages are relatively higher in this area. These are the reasons that are contributing in increasing the cost of living of the city.
High-tech manufacturing and finance along with the fashionable apparel brands establish the city as one of the most expensive cities of the world.