FX.co ★ Top 10 Most Expensive Cities of the World

1. Singapore

As a nation that is essentially only one titan city, Singapore was recorded as the most costly city on the planet by the Economist Intelligence Unit. Let's note, when drawing up the rating of most expensive cities, experts took into account many factors: the cost of food, clothing, household goods, transport, rent, utility payments, as well as private school education for children.

2. Zurich

Zurich is the largest city in Switzerland and it is also the most expensive one. Zurich has jumped up from the 4th to the 2nd this year. Zurich has a large number of financial institutions, banks, as well as the Swiss stock exchange, which has earned it the title of the wealthiest city in Europe.

3. Hong Kong

The third position is given to Hong Kong. This year Hong Kong has climbed 7 positions on the list. While cheaper in certain commodities, Hong Kong is 28 % pricier than Singapore in terms of basic groceries prices.

4. Geneva

Geneva is the 2nd most expensive city in Europe and the 2nd most populous city in Switzerland. In this rating Geneva occupies the fourth line. Geneva is also called the cultural and artistic capital of Switzerland.

5. Paris

Paris is the only city on the list with a lesser ranking as compared to last year, when it stood on second position. Given the abridged confidence in euro, the French capital is the only city that comes from the eurozone to grab a position on the list of most expensive cities in the world. Living in Paris is supposed to be extremely costly and only alcohol and tobacco is cheap here.

6. London

The capital city of England, London, besides being a well known global metropolis in terms of luxuries and culture is also a leading name when it comes to the most expensive cities in the world. As per international arrivals, it is as well a leader among the world's most visited cities.

7. New York

The seventh place in the ranking goes to New York City. In the whole of United States, New York City has the maximum cost of living and especially for families it costs twice the price of Mississippi. Housing, child care, food, health insurance and transportation are the prime factors that blame the metropolis with the given tag. Besides, the city also serves as the core location for a list of reputed organization which automatically pulls up the living expenses on its people.

8. Copenhagen

Copenhagen – an amazingly lively and beautiful urban with a number of stupefying sites to visit, is as well the most expensive city to live in.

9. Seoul

Seoul takes the 8th position among the top 10 most expensive cities in the world. The South Korean capital Seoul managed to come a long way from the 36th place 5 years ago. Seoul is the most expensive city in the world to buy groceries, and it has ranked beside Singapore for paying utility bills and buying clothes.

10. Los Angeles

The city from West coast of U.S.A provided a better result than it did last year. The city is known for its ability of making limelight dreams come true. It is home to a thousand globally known celebrities who do not mind paying the extra buck.