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Worldwide Cost of Living 2014
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Worldwide Cost of Living 2014

Which City Is the Most Expensive to Live In? Which City Is the Cheapest?

The Economist Intelligence Unit
EIU, 2014
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Editorial Rating

7

Qualities

  • Comprehensive
  • Scientific
  • Overview

Recommendation

The Economist Intelligence Unit’s semiannual survey of prices in the world’s major metropolises helps managers understand the costs of living overseas so they can devise appropriate relocation and compensation packages for expatriate employees. The survey reports real prices that residents in 140 cities across 93 countries pay for food, transport, clothing and other daily essentials, as well as for discretionary items, such as entertainment. A US dollar-pegged index enables city-to-city comparisons and ranks places from the most expensive to the least. getAbstract recommends this succinct but illuminating overview of the survey’s results to human resources professionals and to current and future expatriate executives.

Take-Aways

  • The Economist Intelligence Unit has named Singapore as the world’s most expensive city, ousting Tokyo and Osaka from the top spot.
  • After Singapore, the world’s priciest urban centers are Paris, Oslo, Zurich, Sydney, Caracas, Geneva, Melbourne, Tokyo and Copenhagen.
  • Many European metropolitan centers have seen costs escalate due to their recovering economies. These cities show higher prices across a wide variety of categories.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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