The cost of living fluctuates greatly depending on the geographic region and country you live in. This year, the top ten cities on the The Economist Worldwide Cost of Living report are split mainly between Europe and Asia, coming in at a total of five and four respectively.
Singapore and Seoul are the only two countries that have not moved since the previous year, and Singapore retains its position as the world's most expensive city to live in. Tel Aviv has rose on the list greatly in recent years as car adoption in the country soars, and the country hailed in at 34th place only five years ago (+25).
In Europe, Zurich, Oslo, Geneva and Copenhagen are among the top non-euro cities on the list. Paris is second place and has been featured on the list since 2003. New York City has moved off the top ten list from 9th place in 2017 to 13th place this year (-4), but still is an increase over where the city ranked five years ago, at 27th place (+14).
Surprisingly Singapore ranks less in some categories than other peers, such as the pricing of a loaf of bread and cost of one litre of petrol.
Even more surprising is the fact that no US or Canadian cities place on the list, despite a rise in the cost of living in both countries, and many cities, including New York and Los Angeles fell in rank on the list.
Though Asia is generally home to the most expensive cities in the world, but also some of the cheapest ones to live in as well. The best value for your money can be found in Damascus, Caracas and Bangalore, ranking at 26, 38 and 44.