Here are the top 10 most expensive cities in the world in 2016, based on the data from the Economist Intelligence Unit’s Worldwide Cost of Living survey:
- Singapore
- Zurich, Switzerland
- Hong Kong
- Geneva, Switzerland
- Paris, France
- London, United Kingdom
- New York City, United States
- Copenhagen, Denmark
- Seoul, South Korea
- Los Angeles, United States
Top 10 Most Expensive cities in the world, 2016
| Major Cities | Countries | WCOL index |
|---|---|---|
| 1. Singapore | Singapore | 116 |
| 2. Zurich, Switzerland | Switzerland | 114 |
| 2. Hong Kong | Hong Kong | 114 |
| 4. Geneva, Switzerland | Switzerland | 108 |
| 5. Paris | France | 107 |
| 6. London | UK | 101 |
| 7. New York | US | 100 |
| 8. Copenhagen, Denmark | Denmark | 99 |
| 8. Seoul, South Korea | South Korea | 99 |
| 8. Los Angeles | US | 99 |
WCOL (Worldwide Cost of Living ) Source: http://pages.eiu.com/rs/783-XMC-194/images/EIU_WCOL2016_ FreeReport_FINAL_NEW.pdf?mkt_tok=3RkMMJWWfF9wsRovuK7AZKXonjHpfsX56%2B8vXqW2lMI%2F0ER3fO vrPUfGjI4JTsthI%2BSLDwEYGJlv6SgFTbjGMbht2bgMUhU%3D
Methodology:
The Worldwide Cost of Living is a twice yearly Economist Intelligence Unit survey that compares more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs. The survey allows for city-to-city comparisons, but for the purpose of this report all cities are compared to a base city of New York, which has an index set at 100. The survey has been carried out for more than 30 years.
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