Top 9 most expensive cities in the world

Each year the research unit of the Economist released two reports on the most expensive and the cheapest for living cities of the world. In the first report, called the Worldwide Cost of Living, considers such factors as prices of food, fuel and income. Due to the strengthening of the U.S. dollar and the depreciation of the national currencies of other countries in the ranking this year, you can observe major changes compared to the previous report.

Before you — the nine most expensive cities for living in the world.

9. Seoul, South Korea

The capital of South Korea was among the most expensive cities for living in the world due to the high prices of clothing and high tariffs for utilities. According to The Economist, the cost of living here is comparable to Copenhagen and Los Angeles.

8. Copenhagen, Denmark

The Danish capital this year retained its status as one of the most expensive cities in the world due to the high prices relative to salaries.

7. New York, USA

According to the report, the strengthening of the dollar and local inflation make new York one of the most expensive cities. For example, the average price in dollars per kg bread is around 8.28 dollar, and in new York it will be two times higher.

6. London, UK

Wage growth in London has slowed down and not kept pace with inflation and rapidly rising housing prices. The average price of housing in the British capital much above 500 thousand pounds, but the average salary is about 30 thousand pounds per year.

5. Paris, France

Due to the weak confidence in the Euro Paris remained the only Eurozone city in the top ten most expensive cities in the world. Despite the weakness of the Euro in Paris is still very expensive to live, and the only thing that is relatively fair prices is tobacco and alcohol.

4. Geneva, Switzerland

In Geneva, almost everything is very expensive, and even services in the field of recreation and entertainment — one of the most expensive in the world.

3. Hong Kong, China

For the year Hong Kong has risen in the ranking of the most expensive cities in the world, seven positions due to the incredibly high housing prices and rising cost of local costs.

2. Zurich, Switzerland

Because of the separation of the Swiss franc from the Euro, as well as a traditionally high level of income and prices life in Zurich is almost the most expensive in the world.

1. Singapore

The small island nation retains the title of most expensive city in the world for the third year in a row, but analysts at The Economist argue that the difference in the cost of living with cities such as Hong Kong and new York, almost came to naught, as the cost of living has increased almost everywhere.