The Israeli city of Tel Aviv is the only Middle Eastern city in the top 10, and jumped three places this year to the number seven slot, which the EIU attributes to rising transport costs.
A strengthening of the yen this year led Japan's capital, as with Osaka, to soar up the rankings, this time to joint eighth position, alongside L. The Swiss city of Geneva, a stalwart in the survey's top 10, slid down from fifth place to 10th, while Copenhagen -- joint seventh last year -- dropped out of the top ten entirely. The rest of the list. A strong US dollar meant 15 out of the 16 US cities surveyed climbed up the rankings this year. Currency depreciation, meanwhile, was behind the South Korean capital, Seoul, dropping out of the top ten, said the EIU.
Said the report, "This mainly reflects the impact on global currencies of easing monetary policy, uncertainty around the US-China trade war which has put pressure on some emerging-market currencies and the strength of the US economy. Damascus, Syria, was at the bottom of the worldwide rankings, followed by Tashkent in Uzbekistan. World's most expensive cities to live in You'll notice that there aren't any American cities in the top ten this year. New York 14 ranked as the most expensive city in the US, though it dropped eight positions since last year, followed by Los Angeles 20 , San Francisco 25 , Honolulu 43 and Chicago Meanwhile, UK cities saw minimal price inflation despite the pandemic and Brexit; London is up one place to 18 and Birmingham shot up eight places to while Glasgow rose ten spots to And cities where you might think of life as being pretty costly — think Dubai , Paris or Miami — were outranked by Ndjamena the capital of Chad , Shenzhen in China and Lagos in Nigeria.
How come? That means that countries whose currency has been overperforming against the dollar tend to zoom up the rankings. About us. Contact us. Photograph: Shutterstock Revealed: the most expensive cities in the world right now The Mercer Cost of Living Survey has named a somewhat surprising city as number one Written by Sarah Medina Tuesday 22 June Oakland and Seattle are the most relatively affordable of the expensive cities when income is compared to the cost of living.
Honolulu and San Diego are the least affordable. The below list of most expensive cities in the United States uses economic data from the U.
Incomes are often reported in terms of median household income, but the numbers in this guide are based on average individual wages to make the information easier to compare to your own salary.
The cost of living in San Francisco is the highest in the country. In , the city had an unemployment rate as low as 1. Prices are sky-high because of limited housing stock and lack of new construction. This average is skewed upward by extremely high compensation in finance and information services. When income is compared with overall cost of living, Oakland is actually the most affordable city on this list.
Those in the business and professional services sectors will also have no trouble finding work. It may not have a reputation as the most glamorous US city, but the cost of living in Washington, D. Located about an hour south of San Francisco, San Jose has become popular among residents who appreciate the shorter commute to Silicon Valley.
Seattle has been one of the fastest growing among big US cities over the last decade. This technology hub of the Pacific Northwest is near the headquarters of both Amazon and Microsoft. In fact, Honolulu is the least affordable city in the US when you divide the local living wage the wage that allows people to attain a minimum standard of living by the average wage. Long commutes are common, and the average Angeleno can expect to spend an additional dollar per gallon on gas compared with the national average, increasing the cost of living in LA.
Just south of LA, San Diego rounds out the top ten.
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