Top 10 most expensive cities in the world

The Economist Intelligence Unit (EIU) has Singapore as the most expensive country to live in, according to a recent study. The EIU is a group that provides countries, companies, industries and mega-corporations with data analysis to make accurate strategic decisions. They also provide consulting services in the form of monthly and yearly reports by studying global market trends and conducting analysis and research.

The study compares the affordability of basic things like food, housing and basic necessities and the fact that Singapore remains at the top of the list ensures the Southeast Asian country has remained at the top of the list with Hong Kong for four years. and Zurich (Switzerland) follow in second and third place this year. Two Japanese cities (Tokyo and Osaka) rank fourth and fifth respectively, and another Asian city (Seoul, South Korea) follows in sixth place. The Swiss city of Geneva moves up to seventh place and is identical to the French city of Paris. New York (USA) and Copenhagen (Denmark) complete the top 10 list with a tie in ninth place.

Compared to the top 10 from previous years on the list, you will notice strong moves on the list and some are falling as well. For example, no Chinese city made the top 10 this year. The country’s economic environment has significantly reduced the cost of living in China, leading to the removal of the major cities from the list of the world’s 10 most expensive cities. However, it should be noted that the problem with China does not generally reflect the situation on the Asian continent, as five of the ten cities on the list come from four Asian countries. Singapore, Hong Kong, Japan (with two cities) and South Korea are worthy representatives of the continent.

The remaining five cities are all in Europe, lessone of which is New York, which is the only representative of the United States to make the top 10 list. The US entertainment city fell to ninth place in this ranking due to the slight depreciation of the US dollar. In general, movements up, down or off the table depend largely on fluctuations in the forex market. Asia, on the other hand, will remain at the top of the list if it continues to create an environment of high quality of life and ample economic opportunity.

These are the 10 most expensive cities in the world:

9. Copenhagen

Country: Denmark