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Hong Kong most expensive city in world in new ranking
Published on: 2019-03-21
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hong kongHong Kong night view

parisParis

sigaportSingapore

According to the annual Worldwide Cost of Living survey by the Economist Intelligence Unit, the title of most expensive city is shared by Paris, Hong Kong, and Singapore—the first time in the survey’s 30-year history that three cities are in the top spot.

035036The priciest locations were split mainly between Asia and Europe, according to the Economist Intelligence Unit’s Worldwide Cost of Living 2019 survey.

050It is the first time in the survey’s history that three cities have shared the top spot. Rounding out the top five were the “usual suspects” of Zurich and Geneva in Switzerland.
 

Also in the top 10 were Osaka in Japan, South Korean capital Seoul and Copenhagen in Denmark.
 

American cities New York and Los Angeles rose in this year’s rankings, thanks to currency appreciation. “A stronger US dollar last year has meant that cities in the US generally became more expensive globally, especially relative to last year’s ranking,” . Five years ago, New York and LA tied for 39th position.

051The annual index compares prices of everyday items in 133 cities around the world, including clothing, recreation, education and utility bills.
 

According to the survey, a woman’s haircut in Singapore, Paris and Hong Kong costs $96.01, $119.04 and $112.10 respectively.

 

The most expensive cities in the world

1. Singapore

SINGAPORE1. Paris

paris 21. Hong Kong

HONG KONG 24. Zurich

zurich5. Geneva

genva5. Osaka

osaka7. Seoul

seoul7. Denmark

denmark7. New York

new york10. Tel Aviv

tel10. Los Angeles

losThe cheapest cities in the world

133. Caracas

carsa132. Damascus

mas131. Tashkent

cheap 3130. Almaty

cheap 4129. Bangalore

cheap 5128. Karachi

cheap 6128. Lagos

cheap 7126. Buenos Aires

cheap 8126. Chennai

cheap 9124. New Delhicheap 10

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