If you’ve shopped for a home, you’ve probably noticed that safer neighborhoods tend to carry higher housing prices. Likewise, cheaper neighborhoods might have carried higher crime rates. This correlation also carries over to global markets, according to a report from The Economist, with cities in developed and wealthy countries tending to offer better safety and security to their residents.
But if you’re hoping to buy a home in one of the safest places on earth, prepare to pay a premium. Click through to see the 10 safest cities and the types of homes you can buy with $1 million.
10. New York City
- $1,672 per square foot
- $1 million buys 598 square feet
It’s no secret that it’s expensive to live in New York City. An impressive $1 million budget might only afford you a smaller one-bedroom apartment in Manhattan, according to Realtor.com. But, at least New Yorkers paying these high property premiums can rest easy knowing that safety is included in those costs, since their city ranks No. 10 overall among the safest cities in the world. In fact, it’s the only U.S. city to crack the top 10.
- $555 per square foot
- $1 million buys 1,803 square feet
Melbourne ranked No. 1 overall for livability in The Economist rankings. The Australian city was also second for infrastructure safety, a high ranking that helped make Melbourne grab the spot as the ninth-safest city in the world. Its status as a safe city helps its residents enjoy a life expectancy of 86 years old, the highest in The Economist’s survey. According to RealEstate.com.au, you might be able to afford a two- or three-bedroom place with $1 million.
- $790 per square foot
- $1 million buys 1,266 square feet
Of the top 10, Toronto ranked best overall for livability and scored well across safety categories, including the infrastructure safety category (No. 8) and personal safety (No. 7). Toronto was ranked as the eighth-safest city overall. With $1 million, you can expect to probably find a mixture of two- or three-bedroom houses and apartments, as shown on Realtor.ca.
- $1,087 per square foot
- $1 million buys 920 square feet
Zurich ranked first for both infrastructure safety and health security, which helped put the city at No. 7 among the 10 safest cities. Zurich is also one of the few cities where residents’ perceptions of how safe they are match the reality, which indicates that living in Zurich comes with a strong sense of security and comfort.
Living in this beautiful Swiss city will come at a price, however. With housing costs more than $1,000 per square foot, a budget of $1 million would only buy a residence about the size of a typical two-bedroom town home or apartment in the U.S.
- $977 per square foot
- $1 million buys 1,024 square feet
Homes in Sydney have infrastructures built for safety; the city scored third in this category and has a personal safety score in the top 10. As one of the most expensive housing markets in the world, however, Sydney residents will be paying much more for their property. On a $1 million budget, you could expect to buy a home around the size of a typical two-bedroom place in the U.S.
- $538 per square foot
- $1 million buys 1,859 square feet
The fifth-safest city in the world, Amsterdam scored well for infrastructure safety at No. 4 and the personal safety index at No. 9. Amsterdam is one of the smaller cities among the 10 safest, with a population of just 790,000. In this city, $1 million can probably get you a luxury one-, two- or three-bedroom apartment, according to EngelVoelkers.com.
- $909 per square foot
- $1 million buys 1,100 square feet
If democracy is important to you, Stockholm is your city, as it received the best score among the top 10 in The Economist’s democracy index. It also landed at No. 4 for the personal safety index, meaning its residents were less likely to be victims of crime and violence. And, it is the only non-Asian city in the top five of that indicator. Stockholm also ranked in the top 10 for digital security and health security.
3. Osaka, Japan
- $479 per square foot
- $1 million buys 2,087 square feet
One million dollars can get you a decent size residence in Osaka. In fact, according to Century 21 Global, you can get a four-bedroom place for less than half a million dollars, making it a good city for saving money.
Osaka performs well across several measures, with the biggest boost to its safety rating coming from its No. 2 ranking for personal safety, thanks to low levels of crime and violence. Osaka ranks No. 5 for digital security and No. 6 for health security as well.
- $1,417 per square foot
- $1 million buys 706 square feet
Singapore didn’t rank in the top 10 of the health safety index even though this city offers some of the highest-quality health care in the world. In terms of the number of doctors and hospital beds per capita, however, Singapore falls behind. According to PropertyGuru.com.sg, $1 million can afford you a two- to four-bedroom apartment. But a 706-square-foot home is about the size of a typical one-bedroom home in the U.S.
- $908 per square foot
- $1 million buys 1,101 square feet
With a population of 38 million people, Tokyo is a mega-city that’s the biggest of the 10 safest cities. With such a high population, it’s a wonder that Tokyo can offer such a high level of safety to its residents. According to RealEstate-Tokyo.com, $1 million can afford you a variety of one-, two-, three- and four-bedroom apartments.
Keep reading: How to Get a Mortgage for $1 Million or More
Methodology: Square foot prices were based on figures sources from Numbeo and the Global Property Guide, converted as needed to square meters and U.S. dollars. Currency was converted using rates as of Aug. 10, 2015.