June 16, 2003 in Current Events

Most Expensive Cities in World

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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.
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.


  1. October 29, 2003 at 5:01 pm


    The funny point is, that I’m from Tokyo, and now I live in Berlin, and you know what? Berlin is very expencive for me!!!Why????????

  2. June 22, 2003 at 10:46 am


    Now that I know this, I might just have to give it serious consideration.

  3. June 22, 2003 at 4:00 am


    Why don’t you come to Apia, Samoa? It’s cheap as hell (My rent is 50 bucks a months). There’s lots of single guys (the whole country is full of rugby models), and you can buy all the papaya you want for pennies (papaya milkshakes, need I say more?). This is truly paradise (at least for women).

  4. June 17, 2003 at 10:33 am


    London is worth every penny. I promise. I’d give anything to go back, but my husband isn’t so inclined, so I guess vacations will have to suffice.

  5. June 16, 2003 at 7:35 pm


    London is very expensive. But you know what? I think it’s probably worth it. It’s such a fantastic city! I loved it so much when I was there — I’d love to live there someday.

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