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Worldwide Cost of Living 2015
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Worldwide Cost of Living 2015

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

The Economist Intelligence Unit
EIU, 2015
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Editorial Rating

8

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Recommendation

A trip to Singapore will make the biggest dent in your wallet, while a sojourn in Karachi will be a bargain. That’s according to the Economist Intelligence Unit’s Worldwide Cost of Living 2015, a semiannual survey that compares prices of an extensive list of goods and services across 140 cities in 93 countries. This easy-to-read, informative report points out the economic forces that drive global consumer prices through peaks and troughs, as well as potential changes. For cost-conscious business executives and for travelers washed up on a foreign shore, this survey is an invaluable aid that getAbstract wholeheartedly recommends.

Take-Aways

  • According to the Economist Intelligence Unit’s Worldwide Cost of Living 2015, Singapore was the costliest city on the planet at the end of 2014, followed by Paris, Oslo, Zurich, Sydney, Melbourne, Geneva, Copenhagen, Hong Kong and Seoul.
  • The relative stability of the top five city’s positions belies the effects of some important developments since the start of 2015, such as the continuing strength of the US dollar, a persistently anemic euro and the impact of lower oil prices on inflation.
  • While residents of the most expensive Asian cities pay the steepest prices for groceries, recreation and entertainment cost the most in affluent European metropolises.

About the Author

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

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