Is the cost of living absolutely insane in your city? I live near NYC, and yeah, it’s pretty brutal.
That said, I was actually pretty surprised by some of the entries on this list of the world’s most expensive cities. San Francisco didn’t even make the cut, which seems kind of insane given the horror stories I’ve heard about rent in SF.
As recently reported, there is actually a three-way tie for the most expensive city in the world right now between Hong Kong, Singapore, and Paris.
This analysis of the world’s most expensive cities was done by the Economist Intelligence Unit and this is the first time in the Unit’s Worldwide Cost of Living report that three cities tied for first place.
The group took over 400 items into consideration to compile the list, including the cost of food, school, recreation, clothing, household fees, etc.
Singapore has been named the world’s most expensive city for five years in a row but this year it has company with Hong Kong and Paris. A strong U.S. dollar means more expensive American cities. New York moved up six spots and Los Angeles jumped four spots on this year’s list.
Take a look at the top 10 below.
1. (3-way tie) Hong Kong, Singapore, and Paris, France
4. Zurich, Switzerland
5. (2-way tie) Geneva, Switzerland and Osaka Japan
7. (3-way tie) Seoul, South Korea, Copenhagen, Denmark, and New York City
10. (2-way tie) Tel Aviv, Israel and Los Angeles, California
You can download and study a full copy of the report HERE.