Looking for the five most expensive cities in the world? Based on the survey checklist, we consider a number of factors before drawing any conclusions. Compare more than 160 services, products, apparel, and utility bills. Other important factors that play an important role are rising oil prices and currency fluctuations. Housing costs play a very important role in determining each city’s ranking. Based on all surveys, using New York as the benchmark city and comparing New York to all other cities. Listed below are the top 5 expensive cities this year.
The most expensive cities in the world:
Singapore has been named the most expensive city in the world. It has been in the lead for the past 2 years. According to the survey report, Singapore is 11% more expensive than New York for basic groceries. Clothes are 50% more expensive and transportation is 3 times more expensive. Housing in Singapore is not expensive, but it is unaffordable. A cup of coffee seems a bit too expensive for an average person.
According to many surveys and index reports, the French capital tends to occupy second place. Watching a movie in Paris or drinking in a bar is very expensive. It does affect the budget of many people, especially tourists. Although the city is very beautiful, it attracts people from all over the world. Just make sure to shop for clothes and groceries that really blow you away. Besides shopping, the beautiful sights of the town are also very expensive. Houses here must be expensive. So think twice before entering the French capital.
Oslo ranks third among the most expensive cities in the world. Oslo is considered a global city. Prices for goods and services are certainly high compared to other cities in the world. The Norwegian real estate market is absolutely extremely expensive. Oslo is also the center of marine time knowledge. The standard of living of the people who live here seems to be high.
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Zurich is one of the most expensive cities in the world to live in. The cost of living here is quite high due to the strong currency. From all aspects of housing, transportation, food and goods, Zurich seems very expensive and expensive. Many people may not know it, but Zurich is very expensive when it comes to accommodation and settlement in the area. So if you have any plans to buy or invest in Zurich property, you really need to check your savings.
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This Australian city is the fifth most expensive in the world: Sydney. It’s really hard to believe that the cost of living in Sydney is higher than in Melbourne. The cost of living in Australia is so high because the Australian dollar has risen sharply against the US dollar. Ordinary groceries like bread and coffee seem very expensive. The real estate market is very high. So, you really need to know the facts and figures before buying a two-bedroom apartment.
The cost of living appears to be an important factor in determining each city’s ranking. The ranking of each city changes every year. The list provided to you is current and based on a survey conducted in 2015.