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Worldwide Cost of Living 2017
Article

Worldwide Cost of Living 2017

A Ranking of the World’s Major Cities

The Economist Intelligence Unit
EIU, 2017
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Editorial Rating

7

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  • Analytical
  • Overview

Recommendation

The Economist Intelligence Unit’s 2017 rundown of the cost of living around the world reveals that five of the 10 most expensive metropolises in the world are in Asia and four are in Western Europe. New York City is the sole North American contender to make the top 10. Inflation and currency valuations are major determinants of the cost of living, along with politics and economics. Yet even the priciest cities can offer value in certain categories of expenditures. getAbstract recommends this brief but practical survey to business travelers, expatriates and human resources professionals.

Summary

The Economist Intelligence Unit’s 2017 cost-of-living indices show Singapore retaining its lead as the world’s priciest city, followed by Hong Kong. Zurich takes third place, and Tokyo and Osaka are fourth and fifth, respectively. Seoul, Geneva, Paris, New York and Copenhagen round out the top 10. New York City is North America’s only representative in the elite top 10 bracket; it also is the benchmark used for deriving the rankings of the other 132 metropolises in the survey. Almaty, Kazakhstan, was the least expensive city surveyed, with Lagos...

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

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