This Is The Most Expensive City In The World To Live In
Can you guess it?
The Economist Intelligence Unit has just released its annual ranking of the world’s 10 most expensive cities. Taking into account 400 individual prices across 160 products and services in 133 cities, the survey found that for the third year in a row, Singapore is the most expensive city in the world.
It’s closely followed by banking capital Zurich and Hong Kong, which jumped up seven places in the ranking in the last twelve months. Geneva, Paris, London, New York, Copenhagen, Los Angeles, and Seoul round out the top ten.
In making its assessment, the Worldwide Cost of Living survey, which is released twice a year by the EIU, compares prices on everything from food and drink to clothing, household supplies, and personal-care items, home rents, transportation, utility bills, private schools, domestic help, and recreational costs. In total, more than 50,000 individual prices are collected in each survey.
Singapore isn’t more expensive in every category, though. Travelling foodies eager to visit the city’s famed Epicurean Market will be pleased to note that basic groceries are cheaper in Singapore than in its Asian neighbors (Seoul is 33% more expensive at the grocery store).