The economists do the survey of the cost of living in the world after every two years. They considered it, about 160 products and services being provided by the country in the calculation of cost of living. They considered rent being paid or received and other recreational costs. By the calculation of 2015 almost about 50000 prices of the products were surveyed. Singapore is considered to be the most expensive city in the world. The cost of living in Singapore is considered to be 11% more expensive than all other cities of the world. Paris in France, Oslo, Zurich and Sydney are also considered to be the most expensive city in the world. London is the eleventh most expensive city according to the Economist Intelligence Unit report. London is as expensive as Tokyo. Cities in Pakistan and India including Mumbai, Karachi, and Bangalore are considered to be the cheapest cities of the world. If we take the example of Singapore the prices of simple items are so high that a loaf of bread and a bottle wine price almost $39.5. Now we are going to discuss about the top ten most expensive cities in the world according to the survey of the economists.
List of top ten most expensive cities in the world:
10. Seoul, South Korea:
Prices of some product of Seoul are given to observing the expense of living in the city. A loaf of bread is $13.91, a bottle of wine is about $27.66, a pack of 20 cigarettes is about $2.69, and a liter of glass is about $1.72. The prices of these products are so high that it becomes very difficult for the person to get settled in the city. It is also included in the most expensive places in the world and living prices is considered to be most expensive according to the survey economists.
9. Hong Kong:
Hong Kong has tied with Seoul and had WOCL index of 113. Prices of some of the products of Hong Kong are available to estimate how high living prices there is. A loaf of bread price an average price of $4.31, a bottle of wine price $15.78, a pack of 20 cigarettes is about $7.23, and a price of a liter glass is about $2.70. According to the survey of the economist Hong Kong is considered to be the most expensive city in the world. It becomes very difficult for the people to settle down in this city because the prices of the products are touching the sky.
8. Copenhagen, Denmark:
The capital of Danish moved to two places from 2014. The city is ranked to be the eighth most expensive city in the world. The WCOL index of the country is estimated 115. Some of the prices of Copenhagen are discussed to observe the cost of living in the city. A loaf of bread has an average price of $4.18, a bottle of wine is about is $12.66, pack of 20 cigarettes value almost $7.65, and a liter glass of water is about $2.07. The living expenses in the city is considered to be very expensive according to the survey of the economists.
7. Geneva, Switzerland:
Geneva in Switzerland is considered to be the seventh most expensive city in the world. The WCOL index of the city is 116. Here are some of the prices of the products that put the Geneva as a seventh most expensive city in the world. A loaf of bread is an average price of $7.48, a bottle of wine price $8.49, a pack of cigarettes value almost about $9.57 and a liter of bottle value almost about $2.80. The prices of the products show the living expenses in the country. It becomes difficult for the people to get settled in the city.
6. Melbourne, Australia:
Australia culture capital is having WCOL index 118. According to the survey of an economist, it is considered to be the sixth most expensive city in the world. Here are the prices of some of the products city that shows living expenses in the city. In Melbourne, a loaf of bread is an average price of $4.22, a bottle of wine price $23.32, a pack of 20 cigarettes value is $18.96 and a glass of a liter bottle almost price is $1.42. These high prices show the high cost of living in the city.
5. Sydney, Australia:
Sydney is the largest and the most expensive city. The WCOL INDEX of the city is 12O. According to the survey of 2014 Sydney is considered to be the fifth most expensive city in the world. Here are the prices of some of the products of Sydney which shows the cost of living in Sydney. A loaf of bread is about $4.96, a bottle of wine cost almost $32.63, a pack of 20 cigarettes cost almost $18.50 and a glass of liter cost almost $1.43.
4. Zurich, Switzerland:
Zurich is considered to be the fourth most expensive city in the world. The WCOL index of the city is about 121. According to the survey of the economists, the cost of living is very expensive in the city. Here are the prices of some of the products of Zurich. This show how high is the cost of living in the city. A loaf of bread cost an average price of $5.96, a bottle of wine is about $15.96, a pack of 20 cigarettes is about $9.49 and a liter of glass is about $2.07.
3. Oslo, Norway:
By the survey of economists in 2014 Oslo is considered to be the third most expensive city in the world. The WCOL index is 124. Here are the prices of some of the products of the town. Which show the high level of prices expensive cost of living in the city? A loaf a bread cost almost an average price of $6.02, a bottle of wine cost $16.67, a pack of 20 cigarettes cost almost about $15.42 and a glass of liter cost $2.28.
2. Paris, France:
Paris in France is considered to be the second most expensive city in the world. According to the survey of the economists the prices are very high in France and cost is living is much expensive. Here are the prices of some of the products of Paris which show high cost of living there. A loaf of bread cost almost $8.38, a bottle of wine cost $12.27, a pack of 20 cigarettes cost $9.09, and a glass of liter water cost $2.23.
1. Singapore:
Singapore is considered to be the top most expensive city in the world. It is the city that never sleeps. The WCOL index of the city is at the top and is 129. Here are the prices of some of the products of the city that shows high cost of living there. A loaf of bread cost $3.54, a bottle of wine cost $25.24, a pack of 20 cigarettes cost $10.23, and a glass of liter cost $1.76.
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List of Top Ten Most Expensive Cities in the World
| Sr.No. | Names | Population |
|---|---|---|
| 1 | Singapore | 5.399 million (2013) |
| 2 | Paris, France | 2.244 million (2010) |
| 3 | Oslo, Norway | 618,683 (2012) |
| 4 | Zurich, Switzerland | 378,884 (2012) |
| 5 | Sydney, Australia | 4.293 million (2012) |
| 6 | Melbourne, Australia | 4.087 million (2012) |
| 7 | Geneva, Switzerland | 188,634 (2012) |
| 8 | Copenhagen, Denmark | 562,379 (2013) |
| 9 | Hong Kong | 7.188 million (2013) |
| 10 | Seoul, South Korea | 10.01 million (2014) |
Conclusion:
We have discussed above the top ten most expensive cities in the world. According to the survey of economist prices of the products and services in the cities are so high that it becomes very difficult for the person to settle in these areas. We conclude that Singapore and Paris are the most expensive cities in the world and the prices in the cities are touching the sky.