homephotos Newsworld News

New York, Singapore were most expensive cities to live in 2022: Check top 10 list

New York, Singapore were most expensive cities to live in 2022: Check top 10 list

New York, Singapore were most expensive cities to live in 2022: Check top 10 list
Read Time4 Min(s) Read
Profile image

By CNBCTV18.com Dec 20, 2022 10:20:20 AM IST (Published)

Switch to Slide Show
Slide Show


The report revealed that the cost of living in 172 global cities surged an average 8.1 percent over the past year — a fallout of a combination of factors like Russia's invasion of Ukraine, the supply chain disruption and the steep climb of the dollar.

Image count1 / 12

New York and Singapore have been ranked as the world’s most expensive cities to live in, according to the Economist Intelligence Unit’s annual Worldwide Cost of Living survey. The report revealed that the cost of living in 172 global cities surged an average 8.1 percent over the past year. The cost of living in the major cities of the world has been driven by multiple factors, including the war in Ukraine and supply chain snarls, according to the Economist Intelligence Unit. The survey compared the prices of more than 200 products and services. This year, the cost of living in over 170 cities rose at its fastest rate in almost 20 years, as per the report. Here’s a look at the top 10 most expensive cities in the world. (Representational Image: WIkipedia)

Image count2 / 12

Rank 10: City | Copenhagen, Denmark | Known for its high living standards, Denmark has an intriguing mix of natural bliss and city buzz, but managing expenditure might be challenging for people living in the city. (Image: Reuters)

Image count3 / 12

Rank 10 : City | Sydney, Australia | One of the hottest destinations for expats and international students, Sydney, the metropolitan city of Australia, has a lot to offer but for a price. This year Sydney jumped into the top 10 as strong exports buoyed the Aussie dollar, as per the EIU report. (Image: Reuters)

France | Minimum investment: €10 million | Residency requirements: NA
Image count4 / 12

Rank 9: City | Paris, France | The French capital fell from the second spot in 2021 and is now the 9th most expensive city in the world to live in. Paris has been a global center for art, fashion, gastronomy and culture. The city's landmark attractions such as the Eiffel Tower and the 12th-century, Gothic Notre-Dame cathedral, make it one of the most popular tourist destinations in the world. (Image: Reuters)

Image count5 / 12

Rank 8: City | San Francisco, US | San Francisco is a beautiful city renowned for its diverse culture. Nicknamed The Golden City, San Francisco leaped into eighth place, from 24 last year. Paris, a large and diverse city offering varied options in accommodation, food, entertainment, and transportation has a high cost of living and is considered as one of the most expensive cities in the world. (Photo credit: Preeti Verma Lal)

Image count6 / 12

Rank 7: City | Geneva, Switzerland | Another Swiss city with excellent transport links, an international airport, and excellent quality of life, Geneva ranks seventh in EIU’s list. (Image: Reuters)

Image count7 / 12

Rank 6: City | Zurich, Switzerland | Switzerland’s idyllic Alpine lifestyle, political and economic stability, excellent healthcare, come at a price as Zurich ranks sixth on the list. (Image: Reuters)

Image count8 / 12

Rank 4: City | Hong Kong, China | In many international surveys, Hong Kong ranks higher in terms of cost of living. While Hong Kong is an administrative region of China, the city has its own separate government, laws and currency. (Image: AP/Kin Cheung)

Image count9 / 12

Rank 4: City | Los Angeles, US | The second largest city in the United States, LA occupied the fourth spot on the list. As per the EIU report, US cities rose in the rankings owing to a strong dollar. (Image: NileNiami/CNN)

Image count10 / 12

Rank 3: City | Tel Aviv, Israel | The largest city of Israel and last year’s leader Tel Aviv has dropped to third. Tel Aviv is considered the economic centre of the country. (Image: Reuters)

Image count11 / 12

Rank 1:  City | Singapore: Singapore, which has been topping the list for the past eight years, is once again the world’s most expensive city. (Image: Reuters)

Image count12 / 12

New York: City | This year, New York has topped the rankings for the first time as prices in America have gone up. (Image: Reuters)

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers