Where did we get the data? The first six factors (economic strength, research and development, cultural interaction, livability, environment, and accessibility) come from the Global City Power index. All of the metrics were normalized in order to properly quantify them into a single overall score and provide a measure of comparison. These factors are all critical for quantifying the quality of life of people living in urban areas. Global Finance's 2022 best cities to live in ranking is derived from a score that reflects eight distinct metrics contributing to quality of life: economic strength cultural interaction livability environment accessibility Covid-19 deaths per thousand for the country research and development and annual population growth rate. All these combine to make these among the world's best places to live. Accessible cities offer senior citizens the best hospitals. Money matters too: The largest cities offer higher pay than small towns or even smaller cities. Cities are dynamic centers for young people, who seek lively nightlife.
Within large cities, one often finds neighborhoods that deliver the comfort of a small town community. People are willing to pay more to live in cities for the wealth of benefits they typically offer-cultural attractions, quality health care and social activities. Broader measures of both cost of living and quality of life are needed. So what makes a city one of the best places to live? Cost of living is key, and house prices are usually the largest component of a household budget, but the housing market cuts both ways: While people want quality affordable homes, soaring real estate prices are a kind of hard proof that a city is attracting residents. Some cities are great to visit, but you wouldn't want to live there.
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