Yep, we’re officially still the world’s most expensive city to live in. Hooray.
In the latest worldwide cost of living survey done by the Economist Intelligence Unit, Singapore has kept its reigning title for the third year straight. We’re just ahead of Zurich and Hong Kong in their second place tie, with Geneva and Paris trailing behind. London and New York are next in line, and all the way at the end of the list are Lusaka (the capital of Zambia), and India’s Bangalore and Mumbai.
Conducted two times a year across 133 cities, the analysis takes into account 400 individual prices of 160 products and services and measures them against New York’s. This includes things such as food, clothes, transport, household items and recreational costs. We’re guessing it’s stuff like our car ownership prices that skyrocket us to the top of the list — and keep us there. Apparently, we’re also expensive when it comes to clothes and utilities.
But fear not, there’s a silver lining. We’re cheaper than Seoul, Tokyo and Hong Kong when it comes to grocery shopping. Plus, the cost of living here has actually fallen by 10% compared to a year ago. Go, us.