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Last Updated : Jan 24, 2019 08:11 AM IST | Source: Moneycontrol.com

Most expensive cities in the world: Singapore retains top spot, no American city in top-10 list

The Economist Intelligence Unit released the 2018 Worldwide Cost of Living Survey which ranked cities on the basis of 400 individual prices across 160 products and services.

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The Economist Intelligence Unit released the 2018 Worldwide Cost of Living Survey which ranked cities on the basis of 400 individual prices across 160 products and services. These products included food, clothing, household supplies, personal care items, rents, transport, utility bills, private schooling, domestic help and recreational costs. Here's the list of the 10 most expensive cities in the world. (Image: Reuters)

Rank 1 | Singapore | The city retained the top spot for the fifth consecutive year. One factor where the city was most expensive is the high costs of affording and running a car. (Image: Reuters)
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Rank 1 | Singapore | The city retained the top spot for the fifth consecutive year. One factor where the city was most expensive is the high costs of affording and running a car. (Image: Reuters)

Paris | France's capital has featured in the list since 2003, it jointly held the second position with Zurich
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Rank 2 | Paris | France's capital has featured in the list since 2003, it jointly holds the second position with Zurich. The City of Lights moved up five spots compared to 2017 rankings. (Image: Reuters)

Rank 2 | Zurich | The Swiss city was on third spot last year. Expensive categories in the city show that there is a greater premium on discretionary spending. (Image: Reuters)
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Rank 2 | Zurich | The Swiss city was on third spot last year. Expensive categories in the city show that there is a greater premium on discretionary spending. (Image: Reuters)

Rank 4 | Hong Kong | The city was ranked on the number two spot in 2017 and has fallen two places. It is one of the most expensive places to buy staple goods. (Image: Reuters)
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Rank 4 | Hong Kong | The city was ranked on the number two spot in 2017 and has fallen two places. It is one of the most expensive places to buy staple goods. (Image: Reuters)

Rank 5 | Oslo | The city in Norway was previously ranked at the 11th spot. It jumped 6 spots in the current year's rankings. (Image: Reuters)
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Rank 5 | Oslo | The city in Norway was previously ranked at the 11th spot. It jumped 6 spots in the current year's rankings. (Image: Reuters)

Rank 6| Geneva | The city is one of priciest in the household, personal care, recreation and entertainment segments. It made an upward movement of one spot in comparison to 2017. (Image: Reuters)
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Rank 6| Geneva | The city is one of priciest in the household, personal care, recreation and entertainment segments. It made an upward movement of one spot in comparison to 2017. (Image: Reuters)

The city is illuminated at night in this general view of central Seoul August 13, 2013. South Korea has warned of serious power shortages this week amid an expected rise in summer temperatures and as the resources-starved country struggles to keep up with demand after six nuclear plants have gone off-line. Of the country's total 23 reactors, six units are currently off line - three for maintenance or expiry of operational approval, and the other three to replace cables supplied with fake certificates. REUTERS/Lee Jae-Won (SOUTH KOREA - Tags: CITYSCAPE ENERGY) - GM1E98D1OBA01
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Rank 6 | Seoul | The South Korean city along with Singapore retained the previous ranking. It jointly held the sixth position with Geneva in 2017. (Image: Reuters)

Rank 8 | Copenhagen | The Danish capital features on the list due to its relatively high transport, recreation and personal care costs. It moved up a spot compared to the previous ranking. (Image: Reuters)
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Rank 8 | Copenhagen | The Danish capital features on the list due to its relatively high transport, recreation and personal care costs. It moved up a spot compared to the previous ranking. (Image: Reuters)

Rank 9 | Tel Aviv | The Israeli city took the 34th spot five years ago. Currency appreciation and relatively high transport costs propelled it city to the top 10. (Image: Reuters)
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Rank 9 | Tel Aviv | The Israeli city took the 34th spot five years ago. Currency appreciation and relatively high transport costs propelled it city to the top 10. (Image: Reuters)

Rank 10 | Sydney | The Australian city jumped 4 spots to complete the list of the most expensive cities in the world in 2018. (Image: Reuters)
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Rank 10 | Sydney | The Australian city jumped 4 spots to complete the list of the most expensive cities in the world in 2018. (Image: Reuters)

First Published on Jan 24, 2019 08:11 am
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