Singapore is the most expensive city in the world for the fourth year running, according to the Worldwide Cost of Living 2017 survey released by The Economist Intelligence Unit. Hong Kong remains second, closely followed by Zurich.

The Economist ranked 140 cities around the world based on their comparative costs of living.

The latest survey has also seen a return to the top ten most expensive cities for Tokyo and Osaka. The Japanese capital, which was the world’s most expensive city until 2012, has moved seven places up the ranking owing to a sustained recovery in the strength of the Japanese yen.

With Japanese cities returning to the fold, Asia now accounts for half of the ten most expensive cities ranked. Western Europe accounts for a further four cities, while New York City is the lone North American.

Despite topping the ranking, Singapore still offers relative value in some categories, especially compared with its regional peers. For categories such as personal care, household goods and domestic help Singapore remains significantly cheaper than its peers, although it remains the most expensive place in the world to buy and run a car, as well as the second-priciest destination in which to buy clothes. In terms of food and drink the cost of living in Singapore is on a par with that of Shanghai in China. Seoul, Tokyo and Osaka present the three most expensive places in the world to buy staple goods. In Seoul, topping up a grocery basket is almost 50% more expensive than in New York.

The ten most expensive cities in the world;

1-Singapore – Singapore
2-Hong Kong – Hong Kong
3-Switzerland – Zurich
4-Japan – Tokyo
5-Japan – Osaka
6-South – Korea Seoul
7-Switzerland – Geneva
8-France-Paris
9-US – New York
10-Denmark – Copenhagen

The ten cheapest cities in the world;

1-Kazakhstan – Almaty
2-Nigeria – Lagos
3-India – Bangalore
4-Pakistan – Karachi
5-Algeria – Algiers
6-India – Chennai
7-India – Mumbai
8-Ukraine – Kiev
9-Romania – Bucharest
10-India – New Delhi

Source: The Economist Intelligence Unit

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