Modern metropolitan cities offer top class facilities and superb infrastructure to its residents. But all these come at a cost.
The Economist Intelligence Unit surveys the cost of living across the world every two years. The prices of around 160 products and service categories (including food, rent and recreational costs) are compared.
In 2014, around 50,000 prices were surveyed. Based on the Worldwide Cost of Living Report, here are the top 10 most expensive cities in the world as of 2015.
10.Seoul
Seoul is the capital and the largest city in South Korea. This mega city is also world’s most wired city. Here one liter of unleaded petrol will cost you $1.72. The price of a loaf of bread is $13.91.
9.Hong Kong
Hong Kong has a highly developed public transportation network. Air pollution is a major problem in this metropolitan city. In this city, for a loaf of bread, a bottle and wine and a pack of cigarettes, you need to pay around $27.
8.Copenhagen
Copenhagen is the capital and most populous city in Denmark. It is one of the major financial centers of Northern Europe. Here a bottle of wine and a packet of cigarettes will cost you around $20. Price of one liter unleaded petrol is $2.07. To buy 1 kg loaf of bread you need to pay $4.18.
7.Geneva
Geneva is the second most populous city in Switzerland. It is a global city. The city has a service oriented economy. The city is well connected with other parts of the world. Here the price of 1 kg loaf of bread is $7.48. A 750 ml bottle of table wine will cost you 8.49.
6.Melbourne
Melbourne is the second most populous city in Australia. It is a leading financial center. The city is rated highly in entertainment, education, research and development, healthcare, tourism and sports. The city has an extensive transport network. Here one liter of unleaded petrol is priced at $1.42.
5.Sydney
Sydney is the most populous city in Australia. It is a major global cultural and economic center. The city has an advanced market economy. To enjoy wine here, you need to pay $23.63 per 750 ml bottle. You can get 1 kg loaf of bread for $4.96. A pack of cigarettes will cost you $18.5. One liter of unleaded petrol is priced at $1.43.
4.Zurich
Zurich is the largest city in Switzerland. It is a hub for roads, railways and air traffic. This global city is among the world’s largest financial centers. Zurich is also famous for its museums and art galleries. Here a loaf of bread will cost you $5.96. You need to be prepared to spend $9.46 for a pack of cigarettes. A liter of unleaded petrol will cost you $2.07.
3.Oslo
Oslo is the capital of Norway. This global city is one of the fastest growing major cities in the world. Oslo is famous for its large parks. The city has an extensive metro system. Oslo is a compact city but really expensive. Here a bottle of table wine will cost you $16.37. You need to pay $6.02 for a loaf of bread. One liter of unleaded petrol is priced at $2.28.
2.Paris
Paris is the capital of France. The city is famous for its café culture and designer boutiques. A loaf of bread costs around $9 in Paris. One liter unleaded petrol will cost you $2.40. The city is a major rail, highway and air transport hub. Its subway system serves 9 million passengers daily. If you want to enjoy a smoke in this city, you need to be ready to pay around $9 per pack.
1.Singapore
Singapore is the most expensive city in the world. In this metropolitan city, a loaf of bread, a pack of cigarettes and a bottle of wine will together cost around $39.11. It is 11 percent more expensive to live in Singapore than in New York City. Cloths cost 50 percent more than in New York City.