The latest survey that has been released by the Economist Intelligence Unit reveals the most expensive cities that can be found in the whole world. Ranking the most expensive cities in this year differs from the last year as there are cities which are ranked up, down or completely become out of the list. Ranking these expensive cities is based on the cost of living which is not the same every year even if it is in the same country. Some of the countries require spending a lot of money to be able to live in and to buy your daily necessities while there are other countries which offer an affordable life and allow you to buy all what you need without spending your income and all what you earn. It is not necessary for the cities that are ranked as the most expensive in the world to be also the richest because the ranking does not depend on what the city has but it depends on what you need to spend for living in these cities. Here are the top 10 most expensive places to live in 2014.
10. Copenhagen
It is the capital city of Denmark and is ranked higher in the list than the last year as it jumps five positions to be ranked among the top 10 most expensive cities in the world.
9. Tokyo
It is the capital city of Japan. It was the winner last year and was ranked as the most expensive city in the world but because of the weaker yen, it falls down in this year to be ranked as the 9th most expensive city in the world. Although Tokyo is the 9th most expensive city, it is still ranked as the most expensive city for the prices of food that you need to buy every day as just a loaf of bread costs about $7.12.
8. Melbourne
It is the capital city of the State of Victoria and the 2nd most populous city in Australia. Although there are different items that have become few cents cheaper than they were before, Melbourne is still considered as one of the most expensive cities in the world.
7. Geneva
It is the capital city of the Republic and Canton of Geneva and it is also the second most populous city in Switzerland. It is the second European city on the list of the top 10 most expensive cities in the world and the 2nd most expensive city in Switzerland.
6. Caracas
It is the capital city of Venezuela and is also its largest city. It is the 6th most expensive city on our list and is the most expensive city in the Americas.
It is the capital city of New South Wales and the most populous city in Australia. It is the 2nd Australian city on our list and is ranked lower in this year than the last year as it has fallen down two positions to be in the 5th place on the list of the most expensive cities in 2014.
It is the capital city of the canton of Zürich and is the largest city in Switzerland. It is the 4th most expensive city in the world and the most expensive city in Switzerland.
It is the capital city of Norway and the most populous city there. The most expensive items that can be found in Oslo are those which are related to leisure and entertainment.
Who does not like going to this breathtaking city and enjoying walking in its romantic streets? Paris is the capital city of France and is also its most populous city. Among the costliest things that you can find in this beautiful city is going to wine bars as the price of a table wine increased by about $2 than it was in the last year.
It jumps high on the list to come over Tokyo and become the most expensive city in the whole world. It presents to those who live in it the highest car ownership and transport costs, the highest utility costs since it does not have natural resources and this is why it depends on other countries to get its needs of water and energy and it also offers the most expensive clothes to wear.
What’s your opinion on this ranking?
Do you agree that Singapore is the most expensive place to live?
