While Americans in swelled cities may complain about how expensive the cost of livelihood is , accord to a raw report , place like New York and Los Angeles do n’t even issue forth tight to the expense of external cities like Singapore . AsTravel + Leisurementions , The Economist Intelligence Unit ’s biannualreporton the world ’s most expensive city has named the Asiatic metropolis - State Department the most expensive position on Earth to live for thefifth yearin a row . No U.S. urban center even cracks the top 10 .
The Intelligence Unit ’s study tracks prices of 160 product and services in cities across the Earth , include food and drink , clothing , rent , utility bills , transportation system , and more . It ’s contrive to help companies figure cost - of - bread and butter analysis for employees move around and subsist abroad , but it also just provides an intriguing snapshot into how the ease of the world lives , and just how expensive your next holiday might be . And , of course , it appropriate you to sense a piffling good about your own city . Next sentence you want to kvetch about your rising rent , New Yorkers , know that house physician of Seoul have to pay 50 per centum more than you for groceries .
The prices used in the calculations are converted to U.S. dollars , meaning that the whole affair is tied to how much the dollar is deserving — if the euro is worth more than the dollar bill , you ’ll need more dollars to bribe thing in Paris . A step down dollar mark is one grounds the report gives for the lack of U.S. cities in the top 10 list , even though American cities are becoming more expensive relative to retiring years . ( New York , presently in 13th space , was in the twenty-seventh point five years ago . )
Without further ado , and with our deepest sympathies to their habitant , here are the top 10 most expensive cities across the world :
1.Singapore2.Paris , France2.Zurich , Switzerland4.Hong Kong5.Oslo , Norway6.Geneva , Switzerland6.Seoul , South Korea8.Copenhagen , Denmark9.Tel Aviv , Israel10.Sydney , Australia
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