We may be the happiest and healthiest country in Asia, but we’re also the most expensive city in the world. According to the Worldwide Cost of Living for 2017 report by the Economist Intelligence Unit, Singapore has unenviably topped the chart once again — for the fourth consecutive year. (Congrats to us…?)
Four out of the top five on the list are Asian cities — Hong Kong came in second, Tokyo at fourth place, and Osaka at fifth — while Zurich ranked third, followed by Seoul in sixth place, Geneva and Paris tied at seventh spot, New York at ninth and Copenhagen rounding up the top ten.
The study assesses consumer prices across 160 products and services in 133 cities around the globe, and even though Singapore is still the most expensive country in the world to buy and run a car (and the second priciest to buy clothes), we don’t do too bad when it comes to categories like personal care, household goods and domestic help.
In contrast, Almaty in Kazakhstan is the cheapest city in the world to live in — it’s followed by Lagos in Nigeria, Bangalore in India and Karachi in Pakistan.