According to a survey that took into account a multitude of factors, such as the cost of bread, gas and wine, Singapore is now the most expensive city in the world. Also, due to the tumbling U.S. dollar, the cities of Los Angeles and New York did not rank as highly as they did last year. Finishing in the 14th and 13th spots respectively, these American hotspots were far from the top.
Although some other Asian cities did make the most expensive list, many European cities also cracked the top 10. With Zurich and Paris in a dead heat for the second spot, Oslo, Copenhagen and Geneva also popped up. Although Tokyo has been making these kinds of lists for a very long time now—and even headlining most of them—the Japanese city actually finished in the eleventh spot this year. Directly above Tokyo was the Australian city of Sydney, which shot up a whopping four positions since last year.
As far as the Middle East goes, Tel Aviv was the only city to crack the list. But with geopolitics swirling and churning up quite a storm lately, it seems as if anything could happen with the economies of all cities making this list in 2018. Regardless, it should be interesting to see if Singapore manages to snag the top spot again in 2019!