And The World’s Most Expensive Cities Are…

New York is the most expensive city in the U.S.

By Jesse Sokolow on 23 March 2019
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If you think New York and San Francisco are expensive, try Singapore. Southeast Asia’s island city-state is no longer the world’s most expensive city. It’s been joined at the top of the Economist Intelligence Unit’s Worldwide Cost of Living Survey by Hong Kong and Paris in a tie for first place.

“For the first time three cities share the title of the world’s most expensive city,” the EIU said in a statement.

Paris moved up one position while Hong Kong moved up by three.

Rounding out the top five are Zürich and Geneva in second and third place.

The two most expensive cities in the United States were New York at No. 7, which edged out Los Angeles in the No. 10) position. Both cities moved up in the list with New York going up by six spots and Los Angeles by four.

Both cities did move up more a few notches in the cost of living index, however, with New York going up six spots on the list and LA going up four.

The survey, which is largely intended for multinational corporations but which is also of great interest to travelers, compares the costs of 160 products and services in 133 cities across the globe. The list of products includes the cost of food, clothing, household supplies, rent, public transportation, utility bills, private schools, recreational activities, and the cost for maids and gardeners.

Meanwhile, the cities with the lowest cost of living according to the survey are Caracas, Venezuela; Damascus, Syria; Tashkent, Uzbekistan; Almaty, Kazakhstan; and Bangalore, India.

(Photo: Accura Media Group)

Accura News

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