Is Zurich the richest city?

Zurich and Geneva place 14th and 19th respectively As the land of low taxes and high salaries, Switzerland took pride of place on the list, with Zurich coming just behind Frankfurt to rank 14th. 99.300 people in the city are said to have wealth of over 1 million US dollars - around a quarter of the total population.



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Frankfurt is the wealthiest city in mainland Europe and one of the world's top financial centers that is the home of 117,400 millionaires, including 161 centi-millionaires and 14 billionaires.

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The country's robust economy and financial sector, political stability, skilled workforce, favorable business climate, natural resources, low unemployment rate, and low inflation and interest rates have all contributed to its wealth.

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According to a new study by the consulting group Mercer, Hong Kong, Singapore and Zurich top the ranking of the most expensive cities.

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Zurich is Switzerland's economic leader and known worldwide for its financial district. But other very innovative economic sectors flourish in the region. Zurich has established itself as an important centre for ICT, life sciences, cleantech as well as creative industries and tourism.

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Geneva is quieter Zurich's population is larger and the city has a busier feel to it, whereas Geneva feels more like a large town. The peace and quiet can be good if you are looking for a relaxing trip, but if you're up for a night out it can be a bit of a challenge.

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