We recently Top 30 most liveable cities in the world in 2024 This article will tell you the best places to do so.
City centres and livability
According to a World Bank report, 56% of the world’s population currently lives in cities. The global urban population will grow 1.5 times to 6 billion by 2045. By 2050, nearly 7 in 10 people worldwide will live in cities. It is important to consider the rapid rate of urbanization, as 80% of the world’s GDP is generated in these urban centers. Additionally, expanding urban development also requires planning for infrastructure, housing, and basic services.
According to a report by the World Economic Forum, liveable cities are generally safe, environmentally sustainable, and inclusive to their residents. They provide access to diverse housing, employment opportunities, health, community services, and leisure. In short, liveable cities promote individual and community well-being and are places people want to live. Liveable cities have social, economic, and environmental benefits that help make them more resilient.
Analysts surveyed by Yahoo Finance expect JPMorgan Chase & Co. (NYSE:JPM) earnings to grow 11.2% this year and 10.7% by 2025.
New York’s Vibrant Economy: A Top Business Destination
One of the most popular tourist destinations around the world, the popular New York City has long been considered a major business and economic center. One of the largest companies driving New York’s economy is JPMorgan Chase & Co. (NYSE:JPM). As of March 31, the company had $4.1 trillion in assets and $337 billion in shareholder equity. Currently, the company is one of New York’s largest employers, contributing $29.8 billion annually to the city’s economy while creating an additional 40,000 jobs across local industries. As of August 2023, JPMorgan Chase & Co. (NYSE:JPM) has more than 23,000 employees, more than 290 branches, and more than 417,000 business clients throughout New York City. JPMorgan Chase & Co. (NYSE:JPM) is currently building its global headquarters at 270 Park Avenue, which is scheduled for completion by the end of 2025. This project alone will generate an additional economic impact of $2.6 billion for New York City and $3.6 billion for New York State. The project will create more than 8,000 construction jobs across 40 local unions. The company is also opening a new state-of-the-art office in Glasgow’s international financial district, making Glasgow one of the company’s 23 global technology centres.
JPMorgan Chase (NYSE: JPM) ended the first quarter of 2024 on a strong note. The company reported earnings per share of $4.44, beating EPS estimates by $0.31. The company’s quarterly revenue was $41.93 billion, up 9.35% year-over-year and beating revenue consensus by $243.15 million. The company has been pioneering the use of blockchain and AI in financial services. In October 2023, the company executed the first collateral settlement using blockchain through its Tokenized Collateral Network (TCN), helping BlackRock convert money market fund shares into digital tokens and transfer them to Barclays as collateral for over-the-counter derivatives transactions. Additionally, in May of this year, the banking group launched IndexGPT, an AI-powered tool that creates thematic indexes based on keywords.
JPMorgan Chase & Co. (NYSE:JPM) has a strong track record of growth and profitability. Over the past five years, the company has grown its sales by 7% and its net income by about 9%. Currently, the company’s shares trade at 12 times expected earnings, in line with its 12 times average over the past five years. The median analyst price target indicates an 11% upside from current levels, so while JPMorgan Chase & Co. (NYSE:JPM) may not have a lot of upside potential in the near term, it is a long-term portfolio choice. We are not as bullish on financials as we are on AI and the ability of AI stocks to deliver higher returns in shorter periods of time. If you are looking for promising AI stocks trading at less than 5 times earnings, check out our report. Cheapest AI Stocks.
So let’s take a look at the most livable cities in the world in 2024.
The New York City, USA skyline at dusk and the company’s LEED-certified office building.
Our Methodology
To create a list of the top 30 most liveable cities in the world in 2024, we conducted sentiment analysis on Reddit. First, we sifted through five online rankings to compile a list of the best places. Then, we used Reddit to find 15 threads asking people about the most liveable cities in the world. We read and analyzed all the comments and added upvotes for each city on our list. Finally, we narrowed down the places that received more than 200 upvotes in total and ranked the best places on our list in ascending order of total upvotes on Reddit.
Notes: This list is not exhaustive and does not reflect our opinion; the rankings are based solely on the opinions of Reddit users.
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The world’s most liveable cities in 2024
1. New York City, USA
Votes in favor: 879
New York City tops the list of the world’s most liveable cities in 2024. A global business hub, the city boasts plenty of economic opportunities, a vibrant social scene, and cultural diversity, with something for everyone. As of April, the city has recorded record highs in total employment, private sector employment, and labor force participation. A survey conducted by Time Out revealed that some of the best cities to live and visit rank New York City at the top based on food, culture, nightlife, and a feel for the city. Additionally, 15% of survey respondents who belong to other cities wished they could move to New York City. The city has a ton of historical things to see, including the American Museum of Natural History and the Metropolitan Museum of Art. The city never truly sleeps, with restaurants and bars open all day. People who have moved to New York City also described the city as a city where “people come to succeed” – a place where they can work hard for what they aspire to.
If you want to know more about the best places in the city to live, check out our free report. Top 30 most liveable cities in the world in 2024.
If you’re looking for AI stocks that have better prospects than Micron but trade at less than five times earnings, check out our report. Cheapest AI Stocks.
Next article: Michael Burry plans to sell these stocks, plus the 15 fastest declining economies in the world in 2024.
Disclosures: None. This article was originally published on Insider Monkey.