Only recently the Economist’s Intelligence Unit released a report on the most expensive cities to live in the world. Taking into account various factors such as wages, petrol, wine and a plethora of over 150 items, a comprehensive study was carried out and a report was compiled.
While Singapore bagged the first rank for the fifth time in a row, Paris and Zurich followed in as second an third respectively. Inspite of popular belief, New York or London did not bag a spot in the list although people tend to think of these cities as uber-expensive. Cities in Asia and Europe made it to the list with the ratio being 5:4 in favour of Europe.
9 most expensive cities in the world:
2. Paris, France
3. Zürich, Switzerland
4. Hong Kong, SAR, China
5. Oslo, Norway
6. Geneva, Switzerland
7. Seoul, South Korea
8. Copenhagen, Denmark
9. Tel Aviv, Israel
Just to give you an insight into how expensive Singapore is, here’s a short summary of the pricing in the city. In Singapore, the average price for a loaf of bread is $3.71, a bottle of wine is $23.78, 20 cigarettes go for $9.66, and a litre of gasoline is $1.56.
In comparison, Sydney which ranks tenth on the list, a loaf of bread is $3.99, a bottle of wine is $20.49, 20 cigarettes go for $23.89, and a litre of gasoline is $0.98.