Most Expensive Cities in World
I often fantasize about moving to London, but in that it continues to be one of the most expensive cities in the world, that might not be the smartest idea. Know that London is only ranked 7th on list. Toyko is the most expensive city in the world. Yikes!
(CNN) — Monday, June 16, 2003
Tokyo has regained its mantle as the world’s most expensive city, replacing Hong Kong, according to a new cost of living survey.
Hong Kong has fallen to fourth, while Moscow retains the No. 2 spot. Japan’s second-largest city Osaka, is in third position.
Beijing is in fifth place, giving Asia four of the world’s five most expensive cities.
The South Korean capital Seoul ranks No. 8, behind London.
The strength of the euro against the dollar has pushed Geneva and Zurich into the top 10 for the first time at 6th and 9th respectively, while New York, which provides the baseline cost, has fallen to 10th spot.
Two cities that were in the top 10 last year, Shanghai and Russia’s St Petersburg, placed 11th and 12th this year, reflecting the rapid rise of Geneva — up from 28th spot in 2002 – and Zurich, which was 32nd last year.
The annual survey by human resources consultants Mercer looks at 144 cities around the world and measures the comparative cost of more than 200 items. These include housing, food, clothing, household goods, transport and entertainment. The Mercer index assigns New York as the base city with 100 points.
WORLD’S TOP 10
Rank and score
1. Tokyo 126.1
2. Moscow 114.5
3. Osaka 112.2
4. Hong Kong 111.6
5. Beijing 105.1
6. Geneva 101.8
7. London 101.3
8. Seoul 101.0
9. Zurich 100.3
10. New York 100.0
Btw, U.S. cities White Plains (25 miles north of New York), Los Angeles, Chicago and Miama ranked 20th, 22nd, 25th and 27th.