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What are the 10 most expensive cities in the world to live in?

2023-11-30 19:22:48Lifestyle SHKRUAR NGA REDAKSIA VOX
What are the 10 most expensive cities in the world to live in?
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The rising cost of living has made many cities in the world rank among the most expensive to live in the world. According to the annual world cost of living index published by the Economist Intelligence Unit (EIU), the average cost of living rose by 7.4% this year.

Referring to the study, CNN writes that the city-state of Singapore and Zurich of Switzerland have been named as two of the most expensive cities in the world for 2023. The transition of the latter from the sixth place in such a list for 2022 to the first place in 2023, attributed to the strength of the Swiss franc along with high food, household and entertainment prices.

On the other hand, Singapore stands out for very expensive transport and clothing.

What are the 10 most expensive cities in the world to live in?
Singapore

Although New York tied with Singapore for expensive living costs last year, the US destination where prices rose by 1.9% dropped to third place, tying with Geneva, Switzerland.

Hong Kong, the only Asian destination in the top 10 most expensive cities in the world, ranks fifth, Los Angeles sixth and Paris seventh.

Israel's Tel Aviv shares eighth place with Denmark's Copenhagen. However, it is worth noting that the study was conducted before the outbreak of the Israel-Hamas conflict in October.

The list of the most expensive cities in the world is closed by San Francisco, which is positioned in tenth place for 2023.

The study says that the slow recovery after the pandemic and low consumer demand were among the factors that led to the discount by several places of some of the cities that were previously described as very expensive.

Damascus in Syria remains the cheapest city in the world. Tehran, Iran, and Tripoli, Libya, are also near the bottom, ranking 172nd and 171st respectively.

Utilities, domestic help and tobacco costs were the highest in US cities, while those in Western Europe were some of the most expensive when it came to transport and household goods. Food and alcohol were more expensive in Asian cities, according to the survey.

The World Cost of Living 2023 surveyed 173 major cities, comparing more than 400 individual prices on 200 products and services.

10 most expensive cities of 2023

1- Zurich and Singapore (tie)

3- New York and Geneva (tie)

5- Hong Kong

6- Los Angeles

7- Paris

8- Tel Aviv and Copenhagen (tie)

10- San Francisco


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