Hong Kong, Paris & Singapore split title of world’s most expensive city

Published on : Saturday, March 23, 2019

In a recent survey on worldwide cost of living, Hong Kong, Paris and Singapore have split the title of the world’s most expensive city, according to a recent report released by a British think tank. This is the first time that three cities have been tied for the first place in the survey.


Using New York City as its base, the report found that the living costs in all three cities were seven percent higher than in the benchmark city.


The report named Worldwide Cost of Living 2019 is published by the Economist Intelligence Unit.


Singapore is the only city that has maintained its ranking from the previous year, marking its sixth straight year at the top of the rankings, with Hong Kong lept three places and Paris climbed one to reach the top.


The top 10 cities with the highest living cost are largely divided between Asia and Europe.
The report also revealed that the global cost of living has fallen to 69 percent of the cost in New York, down from 73 percent last year, remaining significantly lower than five years ago, when the average cost of living across the cities surveyed was 82 percent of the cost in the base city.


While inflation and devaluations were prominent factors in determining the cost of living, many cities surveyed tumbled down the ranking owing to economic turmoil, currency weakness or falling local prices, the report said.


Related Posts

Tags: , ,

(No Like Yet)

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 19 uzakrota London 2019
  • 20 sahic 2019
  • 20 seatradecruis 2019
  • 20 uzakrota Istanbul 2019
  • 21 TheHotelShowSaudiArabia 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 DRT SHOW India 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 22 TTME 2019
  • 23 PTM 2019
  • 30 PATA


    1. SAHIC

      September 16 - September 17

      September 17 - September 19

      September 17 - September 19
    4. TAAPE

      September 19 - September 21
    5. IITM Delhi

      September 20 - September 22
Get our toolbar!
Review www.travelandtourworld.com on alexa.com