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Most expensive cities in the world

World's Most Expensive Cities

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World's Most Expensive Cities

World's Most Expensive Cities
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There’s a new king of the hill. Singapore has dethroned Tokyo as the most expensive city in the world, according the Economist Intelligence Unit’s Worldwide Cost of Living Survey. The report cites price inflation and currency appreciation for Singapore’s rise to the top. Tokyo dropped to a tie for 6th place in 2014, due in part to the weaker yen. Paris, France came in second, followed by Oslo, Norway in third.

Perhaps the biggest surprise in the report is that there is not one American city among the top 10 most expensive in the world. New York was ranked 26th.

Ten Most Expensive Cities in the World

1. Singapore

2. Paris

3. Oslo, Norway

4. Zurich, Switzerland

5. Sydney

6. Caracas, Venezuela

6. Geneva, Switzerland

6. Melbourne

6. Tokyo

7. Copenhagen, Denmark

At the other end of the spectrum, the least expensive city in the world is Mumbai, India.

New Delhi ranked as the third-cheapest city in the world. According to the report, low wages drive down household spending in India. That, combined with cheap, readily-available goods, has kept prices down, especially by Western standards.

Ten Cheapest Cities in the World

122. Riyadh, Saudi Arabia

123. Jeddah, Saudi Arabia

124. Panama City, Panama

124. Bucharest, Romania

126. Algiers, Algeria

127. Damascus, Syria

127. Kathmandu, Nepal

129. New Delhi

130. Karachi, Pakistan

131. Mumbai, India

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