Singapore is, once again, the most expensive city to live in

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.

City

Singapore,
Hong Kong

Paris,
France

Zurich
Switzerland

Hong Kong,
Hong Kong

Oslo,
Norway

Geneva,
Switzerland

Seoul,
South Korea

Copenhagen,
Denmark

Tel Aviv,
Israel

Sydney,
Australia

Index

116
 

112
 

112
 

111
 

107
 

106
 

106
 

105
 

103
 

102
 

Rank

1
 

2
 

3
 

4
 

5
 

6
 

7
 

8
 

9
 

10
 

Movement

0
 

+5
 

+1
 

-2
 

+6
 

+1
 

0
 

+1
 

+2
 

+4
 

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.

City

New Delhi,
India

Bucharest,
Romania

Chennai,
India

Algiers,
Algeria

Karachi,
Pakistan

Bangalore,
India

Lagos,
Nigeria

Almaty,
Kazakhstan

Caracas,
Venezuela

Damascus,
Syria

Index

48
 

48
 

47
 

46
 

46
 

44
 

40
 

38
 

33
 

26

Rank

124
 

124
 

126
 

127
 

127
 

129
 

130
 

131
 

132
 

133

Movement

0
 

0
 

+1
 

0
 

+3
 

+2
 

+2
 

+2
 

-13
 

-14

📸: Pixabay 📊: The Economist