If you do not have a lot of resources, living in an expensive city will surely be very difficult. It is important that you know the expensive cities so you can prepare how to tackle it. The good news is that the Economist Intelligence Unit recently released its annual survey. The 2015 list of the most expensive cities are already made known.
It is time that you know it. Here’s the list:
- Singapore: For the third year, Singapore remained at the top. Singapore is again the most expensive city having surpassed Zurich, Hong Kong and Geneva. If you remember, we deposed Tokyo way back in 2013.
- Zurich: Zurich is the largest city in Switzerland and the second most expensive city. The reason behind this is the Swiss franc’s unfastening from the euro.
- Hong Kong: Hong Kong is another Asian city and it now sits on the third spot. This is seven places higher than last year’s study. This is because Hong Kong dollar is attached to U.S dollars.
- Geneva: Geneva is the 2nd most populous city in Switzerland and the fourth most expensive city. Geneva is the second Swiss city in the top five. Last year, it was on the 7th This is also the doing of Swiss franc’s unfastening from the euro.
- Paris: Paris is the only city in the Euro zone that made it to the top ten. Paris dropped from second place (last year) to fifth. The reason is its weak confidence in euro.
- London: Paris is followed by London as the sixth most expensive city in the world. London was on the 11th spot last year. London is a non-euro zone city.
- New York: New York climbed big time. Last year, it was on the 15th The reason behind is the currency gusts.
- Copenhagen: Copenhagen is the capital of Denmark and it is the 8th most expensive city in the world.
- Seoul: Seoul is the last Asian city who made it to the top ten. This goes to show that Korean won is steadfast.
- Los Angeles: Los Angeles also climbed from the 19th spot to the 10th Same with New York, the reason is the currency gusts.
2015 was an unstable year for living costs because of declining commodity prices, currency devaluations as well as geopolitical ambiguity. This is according to the Economist Intelligence Unit’s bi-annual pricing index. At the end of the list, South Asian cities like India and Pakistan are included. It is also Lusaka, Zambia’s capital that offers the world’s best value for money.