If you’re planning to relocate or work overseas, you’ll need to know how affordable a destination is. We’re not only talking about property prices – everything from transport to the price of a loaf of bread needs to be factored in.
Following a new report released by the Economist Intelligence Unit, we’re taking a look at this year’s top 6 most expensive cities, and how to live affordably in them.
Paying top dollar
The Economist Intelligence Unit’s 2019 Worldwide Cost of Living report is out now. This annual study compares 400 individual prices across 160 products and services, from luxury goods to everyday essentials, and works out the average cost of living for all the cities sampled.
Last year the top five spots went to Singapore, Zürich, Paris, Hong Kong and Oslo. If you’re planning to move abroad, you’ll want to know what cities you can afford to live in, so here are the results.
The priciest places
For the first time in the report’s 70-year history, three cities are sharing top spot: Singapore, Paris and Hong Kong.
In fourth place was Zürich and fifth place was shared by Geneva and Osaka. Those cities kept Seoul, Copenhagen, New York, Tel Aviv and Los Angeles out of the top six.