There are a number of factors Which effect including exchange rates, price levels, lifestyle, and more.For a fifth successive year, Singapore has been named as the most costly city on the planet, as indicated by the most recent Worldwide Cost of Living report from the Economist Intelligence Unit (EIU).Here is the list of most expensive cities so far(2018).
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1 Singapore
The tiny city-state is so expensive that prices for clothes are said to be 50% higher than in New York.
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2 Paris, France
As the primary business and cultural hub in France Paris is home to numerous international companies. To rent a two bedroom apartment in the city you are looking at an average of $2,100.
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3 Zurich, Switzerland
Zurich, one of three Swiss cities in the top ten, was Europe’s priciest. Switzerland has never been a bargain, but it’s become even more costly in recent years as currency investors’ concerns over the euro have led them to invest in Swiss francs.
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4 Hong Kong
Hong Kong was Asia’s most expensive city. Apartment prices and competition are insanely high – at one luxury block, there was so much demand that a raffle was held for the right to put down a deposit, the Financial Times reported in November.
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5 Oslo, Norway
Beating out Copenhagen for the title of most expensive city in Europe after the appreciation of the kroner, Oslo is known as a safe haven for investors.
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6 Geneva, Switzerland
Home to many international organizations food prices in Geneva are 50 percent higher than the rest of Europe and electronics/appliances cost more than almost anywhere else in the world.
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7 Seoul, South Korea
Seoul, the capital of South Korea, is often called the hippest city in east Asia. The global fashion pack are all over it, Vogue wrote last November, and here's an invitation to a Dior event in the city.
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8 Copenhagen, Denmark
According to a survey conducted several years ago by UBS, employees in Copenhagen had the highest income of any other city in the world. Of course prices are elevated as well. To give you an idea renting a DVD would cost around $8 while a one way tram ticket can be over $3.
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9 Tel Aviv, Israel
Home to numerous high tech start ups Tel Aviv is Israel’s most expensive city and although it can be a bit pricey to live here rent is a little more forgiving than other cities on this list with a three bedroom apartment going for less than $1,500.
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10 Sydney, Australia
An important Australian industrial center, purchasing power in Sydney is the second highest in the world second only to Zurich.
