Singaporedestinationsmap: Singapore Is World’S Virtually Expensive Metropolis 2019

Singapore is belongings on to its championship equally the close expensive metropolis inward the globe — but this time, it’s sharing the No. 1 spot with 2 other cities
Singapore held its No. 1 position for the 5th consecutive year

The Economist Intelligence Unit lately released its annual report, which lists the close expensive cities. This year, the No. 1 spot is occupied past times a three-way necktie betwixt Singapore, Paris, together with Hong Kong.

Singapore has maintained the hand position for the past times v years, piece Paris together with Hong Kong both rose their standings to portion the hand seat.

The Economist Intelligence Unit announced the updated standings inward their annual Worldwide Cost of Living report. The study compares prices of to a greater extent than than 160 items across 133 cities merely about the globe to decide its lastly rankings.


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World's close expensive cities revealed

It's the commencement fourth dimension iii cities bring shared the hand spot inward the 30-year history of the annual Economist Intelligence Unit survey, which compares prices inward 133 cities globally.

The French working capital missive of the alphabet - which was ranked minute close expensive lastly yr - is the alone eurozone metropolis inward the hand ten. The survey compares the cost of mutual items, such equally bread, inward 133 cities.

It together with then tracks whether prices bring gone upwardly or downwards past times comparison them to the cost of living inward New York, which is used equally a benchmark.

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Three cities named the world's close expensive; Australia, NZ to a greater extent than affordable
Hong Kong together with Paris bring joined Singapore equally the world's close expensive cities to alive in

It is the commencement fourth dimension iii cities bring shared the unenviable title, according to The Economist Intelligence Unit's (EIU) 2019 Worldwide Cost of Living Survey.

The study likewise works life that the weaker dollar had made it to a greater extent than affordable to alive inward Australia's v major cities equally good equally Auckland together with Christchurch.

To rate the countries the EIU compared the prices of 160 products together with services inward 133 cities inward 93 countries — all cities are benchmarked against New York, which has an index ready at 100.

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Think San Francisco And New York Are Expensive? Good Luck In Hong Kong And Singapore
Marina Bay together with Financial district inward Singapore. If your metropolis is a tech hub, a finance hub, or known for existence an epicenter of high culture, media together with entertainment, together with then existent estate prices are probable to live prohibitive for the vast bulk of the city's employees. (Getty Images)

Face it, if your metropolis is domicile to high culture, high finance, or a national hub for media together with entertainment, it is going to require a six-figure salary to purchase a delineate solid together with possibly ane real unopen to that merely to rent one.

According to a survey on the world's costlier cities, released on Mon past times The Economist Intelligence Unit (EIU), Singapore, Paris together with Hong Kong are hand iii close expensive places to live. The 2 close expensive U.S. cities come upwardly inward the bottom one-half of the richest 10 urban areas, with New York (No. 7) edging out Los Angeles (No. 10). Both cities did deed upwardly to a greater extent than a few notches inward the cost of living index, however, with New York going upwardly 6 spots on the listing together with LA going upwardly four. It's in all likelihood non a listing that anyone but a existent estate agent together with existing homeowners attention to run into their cities on. Newcomers together with American dreamers inward these global cities volition remove to some creative financing to live able to afford properties that easily larn for over $1 million.

The hand 10 cities are divided betwixt Asia together with Europe. Singapore is the alone metropolis inward the hand 10 that has maintained its ranking from the previous year.

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