These Places Are Considered The Most Expensive Cities In The World

The Economist publishes a list of the most expensive cities in the world. This list is published every year, and, the 2023 rankings are unveiled. Image: Freepik

To determine which city has grabbed the right spot. The publication considers cost of living index, which compares prices of hundreds of products and services in 172 cities across the globe. Image: Freepik

According to the Economist Intelligence Unit (EIU), Singapore and Zurich are the world's most expensive cities in 2023. This is the ninth time in 11 years, while Zurich moved up from sixth place. Image: zuerich.com

Geneva is the second Swiss city to appear on the top 10 list. Residents of both it and Zurich share similarly high taxes that may help to drive up the cost of living. Image: nyctourism.com

Hong Kong are tied with Los Angeles high cost of living is due to its expensive land values, which can result in the high property prices for buying and renting. Image: discoverhongkong.com

Paris is one of the most expensive cities in the world. The cost of a trip to Paris can vary depending on your budget and travel style. Image: introducingparis.com

The Economist’s survey was performed before the conflict between Israel and Hamas began. According to Expatistan, the cost of living in Copenhagen is 12% more expensive than in Tel Aviv. Image: copenhagen.com

San Francisco fell from the number eight spot previous year and, its difficult recovery from the COVID-19 pandemic, may become more affordable. Image: sftravel.com