Top 10 most expensive cities in the world to live in 2017
Singapore The world's most expensive city in 2017.
Singapore retains its place as the most expensive city in the world in our latest rankings In fact, Asia is now home to 5 of the 6 cities of the investigation that Asian cities have become relatively more expensive in 3rd place overall, Zurich is the most expensive European city, while New York is the only north American city in the top ten.
Singapore retains his title for the fourth consecutive year the most expensive city in the world in a top ten which may have a familiar sensation not only in Singapore remained high, but Hong Kong remains second, closely followed by Zurich The latest survey also saw a return to the ten most expensive cities to Tokyo and Osaka, the Japanese capital, which was the most expensive city in the world until 2012, moved seven places in the rankings due to a sustained recovery of the strong yen Japanese.
With the Japanese cities of homecoming, Asia now accounts for half of the ten most expensive cities ranked represents Western Europe for four more cities, while New York is the only North American representative The Big Apple, which is fell to seventh place last year, fell to ninth place due to a slight weakening of the US dollar, which also affected the position of other cities in the United States This, however, still represents a relatively sharp increase the relative cost of living compared to five years ago, when New York was ranked 46th.
With the strength of the moderator of the US dollar and the euro remains relatively stable currencies like the Canadian dollar, Australian dollar and New Zealand dollar appreciated value Consequently, Sydney and Melbourne in Australia, and Wellington and Auckland new Zealand all feature among the 20 most expensive cities Although the relative cost of living fell slightly in the Swiss cities of Zurich and Geneva, both are cemented among the ten most expensive, in third place and seventh common place respectively connecting Geneva in seventh place is Paris, which was among the ten most expensive cities for 15 years, although the relative cost of living in the French capital moderated currently living in Paris is 7 more than life New York, but it was five years ago, it was 50 more expensive.
deflation last year and devaluations were a major factor in determining the cost of living, with many cities down the rankings due to the weakness of the currency and lower two local prices prices and a number of currencies are times in 2016, although inflation in many cities remained moderate, the impact is reflected in the average cost of living by taking an average of the indices for all surveyed cities using New York as a city basis, the overall cost of living has increased to 74, up slightly from 73 last year This remains significantly lower than it was five years ago when the average cost of living index in 132 cities was at a record high 93 5.
Despite leading the ranking, Singapore still offers relative value in some categories, particularly in relation to its regional counterparts for categories such as personal care, household products and domestic help Singapore remains significantly cheaper than its peers, even if it remains the world's most expensive to buy and run a car place, and the second most expensive destination to buy clothes in terms of food and beverage cost of living in Singapore is comparable to Shanghai, China Seoul, Tokyo and Osaka present the three most expensive places in the world to buy basic products in Seoul, head a grocery cart is almost 50 more expensive than New York.
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