No U.S. Cities Are in the World’s Top 10 Most Expensive This Year

a bridge over a body of water with a city in the background

The lack of US cities on the list is attributed to the dollar’s weakening status against other G-10 currencies, despite the fact that the cost of living in the US has been rising.

 

Singapore named the world’s most expensive city; no US city makes Top 10 list

Singapore tops the 10 priciest places in the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living 2018 survey.

On the list of the world’s most expensive cities, it’s still Singapore and Hong Kong that top the list. Buzz60

The city-state marched in ahead of New York, London and Los Angeles, which didn’t even feature in the top 10 priciest places in the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living 2018 survey.

The EIU’s annual ranking compares the prices of over 150 items in 133 cities around the world, such as bread, wine, cigarettes and petrol. It is designed to help hiring managers calculate fair salaries when relocating their employees overseas.

Note: Index is based on New York City having a score of 100. Change represents the number of ranks higher or lower. Source: EIU’Worldwide Cost of Living 2018 survey

Reference

This Is the World’s Most Expensive City

According to this year’s Worldwide Cost of Living report, from Economist Intelligence Unit, residents of the Asian city-state have the most expensive day-to-day lives.

The survey compared the cost of more than 150 products and services ‘ like bread, cigarettes, wine, and gasoline ‘ across the world, adjusting for the strength of foreign currency.

According to the survey, a weakening U.S. dollar means that New York City and Los Angeles are no longer among the most expensive places to live. The cities dropped from ninth and 11th in last year’s ranking to 13th and 14th this year.

For the most part, Asian and European cities topped the list as the most expensive places to live. Paris and Zurich tied for second place. Seoul and Hong Kong also ranked in the top 10. Oslo, Geneva and Copenhagen rounded out the most expensive European cities.

However, this year, Tokyo‘s ranking fell considerably. Back in 2013, the Japanese capital was considered the most expensive place in the world to live. For 2018, it didn’t even make the top 10 (it was ranked number 11).

Reference

Watching: No U.S. Cities Are, Expensive This Year The, No US Cities Are

No US Cities Are in the World’s Top 10 Most Expensive This Year
on 18th of Mar 2018 ‘Thrillist

Singapore named the world’s most expensive city; no US city makes Top 10 list
(Mar 2018) ‘USA TODAYThis Is the World’s Most Expensive City‘Travel+LeisureSingapore named the world’s most expensive city‘CNBCAsian and European cities compete for the title of most expensive city‘The Economist (blog)

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