World's Most Expensive Cities: New York & Singapore Tied for the No.1
The Economist Intelligence Unit (EIU) released its global cost of living rankings for 2022 on November 30, with New York and Singapore together topping as the world's most expensive cities.
This is the eighth time in 10 years that Singapore topped the list.
The top 10 most expensive and least expensive cities
Data from EIU
Damascus of Syria and Tripoli of Libya have the lowest cost of living in the world.
Detail: The survey, conducted in August and September of this year, compared more than 400 individual prices for more than 200 products and services in 172 cities around the world.
Result: The cost of living in 172 major cities around the world has soared by an average of 8.1% over the past year, driven by factors such as the Russia-Ukraine conflict and supply chain disruptions.
Are you surprised that Singapore topping the list for the 8th time?
Can you feel the rising living cost in Singapore?
Why does Singapore's living cost has been increasing?
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- airui·2022-12-07Definitely not surprised in the rising living cost. Excluding inflation, property prices has been allowed to rise substantially for the past few decades. This is what a certain segment of the population wants to see and those who suffers or unable to benefit belongs to the lowest rung of the society. One the side effects is that birth rates will never reach the rate needed for replacement.LikeReport
- Hayz·2022-12-04We in Singapore has many choices.... you can have lunch for 3USD or 100USD.... you go from point A to B (1USD...Public transport) or (20USD...cost of your own car)...you can have your own home 200USD/sq ft (outskirts HDB) or 2000USD/sq ft (town condo)....etc,. Use different criteria - get different result. In Singapore, you have a choice!LikeReport
- DoreamonGo·2022-12-03Not surprised as Singapore lacks natural resources. Plus, Singapore is a city well liked by many, drawing them to come here.1Report
- 来真的·2022-12-03Sad for middel class of these 2 cities. They are the most suffering groupLikeReport
- teleaha34·2022-12-03Great ariticle, would you like to share it?1Report
- pangspurs·2022-12-02Lol, sing1Report
- JerryToh·2022-12-04OhLikeReport
- stkwok·2022-12-04Like1Report
- HENRYCSC·2022-12-03OkLikeReport
- HRHJMM·2022-12-03A'ight1Report
- 孤单的tomato·2022-12-03好2Report
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- gye·2022-12-02ok1Report
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- Derrick3388·2022-12-02[OK]1Report
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- didiling·2022-12-02kLikeReport
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- LplMichelle·2022-12-02greatLikeReport