The Most Expensive Cities in the World to Live

  1. 1. Singapore
    Singapore took the top spot in the ranking from the Economist Intelligence Unit for the third straight year.
  2. 2. Zurich
    The survey compares more than 400 individual prices across 160 products and services.
  3. 2. Hong Kong
    Volatile exchange rates have rippled through the survey. This means that even if the cost of living in, say, New York didn’t rise much for New Yorkers, the survey will show that New York became more expensive because the dollar strengthened.
  4. 4. Geneva
  5. 5. Paris
  6. 6. London
  7. 7. New York
    New York climbed to No. 7 from No. 22 last year. It had been far as down as No. 49 in 2011, and it peaked at No. 6 from 2000 through 2002.
  8. 8. Copenhagen
  9. 8. Los Angeles
  10. 8. Seoul
  11. Other pricey American cities include:
    Chicago (21), Minneapolis (24), Washington, D.C. (26), Houston (31) and San Francisco (34)
  12. Of the 16 U.S. cities surveyed, Cleveland and Atlanta were the least expensive, with a cost of living that is 31% less than New York.
    On average, New York was about 20% more expensive than other U.S. cities.
  13. One important caveat: The index includes the cost of household goods, clothing, food and transportation, but it doesn’t include the cost of shelter.
    This is a huge household cost, of course, which may make the ranking less meaningful. In any event, this helps explain why some expensive U.S. cities, namely San Francisco, don’t rank higher.