Top 10 expensive cities in the world : Read further to know more

02 December 2021

Tel Aviv emerged as the most expensive city to live in 2021, according to a survey published on Wednesday. 

The Israeli city climbed five rungs to score top place for the first time in the authoritative ranking compiled by the Economist Intelligence Unit (EIU).

Tel Aviv reached the top spot due to the strength of its national currency, the shekel, against the dollar, coupled with increase in prices for transport and groceries.

Top 10 expensive cities :-

1. Tel Aviv (Israel)
2. Paris (France) and Singapore
3. -- None --
4. Zurich (Switzerland)
5. Hong Kong
6. New York City (USA)
7. Geneva (Switzerland)
8. Copenhagen (Denmark)
9. Los Angeles (USA)
10. Osaka, Japan

The Worldwide Cost of Living Index is compiled by comparing prices in US dollars for goods and services in 173 cities.

Social restrictions due to the coronavirus pandemic "have disrupted the supply of goods, leading to shortages and higher prices," said Upasana Dutt, head of worldwide cost of living at The EIU.

Damascus was ranked the world's cheapest city to live in.

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