Join now

Singapore is world's most expensive city in 2016 (Paris)

Protected content

New York and Los Angeles have shot up the rankings, London has pushed into the top ten, but Singapore is still the world's most expensive city.
It's just topped the Economist Intelligence Unit's Protected content Cost of Living survey, making that the third year in a row.

The gap is closing between Singapore and the next two cities in the rankings, however.
Zurich, Switzerland, and Hong Kong are hot on its heels in joint second place, with Hong Kong leaping seven places up the ranking in the last twelve months.
London, New York and Los Angeles moved up to sixth, seventh and eight place, with New York in its highest position since Protected content .

In fact, New York has gotten a lot more pricey in the past five years -- rising a huge 42 places since Protected content .
The annual report, which ranks Protected content based on a twice-yearly survey, notes Singapore's high transport and utility costs.
"It is the most expensive place in the world to buy and run a car, thanks to Singapore's complex Certificate of Entitlement system," it says.
And don't think you can escape it by hopping on public transport.
Transportation costs in Singapore are 2.7 times higher than in New York.

However, for basic groceries, Singapore is cheaper than its Asian neighbors Seoul (33% more expensive), Hong Kong (28%) and Tokyo (26%).
"Value for money can be found by those who seek it," the report concludes.

Paris Forum

Our Global Partners