These Are The Most And Least Expensive Cities In The World
These Are The Most And Least Expensive Cities In The World
Ryan Barrell— The Huffington Post UK
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ROSLAN RAHMAN via Getty Images
A general view of the financial business district in Singapore on February 23, 2015.
The Economist Intelligence Unit's latest World Cost Of Living Survey has revealed the cheapest and most expensive cities to live in.
In what economists call "very rare", the top five has remained unchanged from last year's index.
They calculate the listings by comparing cost of more than 160 services and products including food, clothing, wine and cigarette costs - y'know, the essentials - and use New York City as a base by which the other 133 cities are judged.
The most expensive:
World's Most Expensive Cities To Live In
Singapore, Republic of Singapore(01 of05)
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Singapore, where clothes are on average 50% more expensive than in New York, knocked Tokyo from the top spot in 2013. (credit:Jeremy Woodhouse via Getty Images)
Paris, France(02 of05)
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Living in Paris is 26% more expensive than living in New York City, on average. (credit:jenifoto via Getty Images)
Oslo, Norway(03 of05)
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The Norwegian capital keeps its third place rank for the second year running. It was fourth the previous two years. (credit:Tom Gulbrandsen via Getty Images)
Zurich, Switzerland(04 of05)
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The EIU said the Swiss capital would have topped the list if the recent jump in the Swiss Franc had been included in the analysis. (credit:RudyBalasko via Getty Images)
Sydney, Australia(05 of05)
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Sydney is followed by another Australian city, Melbourne, in sixth place. (credit:Gallo Images via Getty Images)
Chennai is one of three Indian cities occupying the bottom five, with price subsidies on essentials and low wages contributing to the country's low cost of living. (credit:Joris Van Ostaeyen via Getty Images)
Mumbai, India(02 of05)
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The low prices in Mumbai can be attributed to deflationary pressure and India's economic slowdown. (credit:Peter Adams via Getty Images)
Caracas, Venezuela(03 of05)
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The plunging economy in Venezuela has sent their capital from sixth most expensive last year to third cheapest this year. (credit:Jose Tejo via Getty Images)
Bangalore, India(04 of05)
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India's central bank announced a "sharper-than-expected" decline in the price of fruit and vegetables last month which had a drastic effect on the economy. (credit:Peter Adams via Getty Images)
Karachi, Pakistan(05 of05)
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Pakistan's capital was found to be the cheapest city for ex-pat living out of 133 tested. (credit:SM Rafiq Photography. via Getty Images)
The boffins who worked it all out also wanted to make it clear that Zurich and Geneva would top the list if Switzerland's recent economic upturn had been taken into account.