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Sydney & Melbourne Both In The World’s Top 10 Most Expensive Cities List

Each year the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living Survey compares 131 cities for their cost of living and once again Sydney (5th) and Melbourne (equal 6th) rank among the top 10 most expensive cities in the world in which to live.

Brisbane and Perth rank joint 21st and Adelaide came in 37th place

Of course it doesn’t surprise me that the cost of living in the greatest place in the world is higher than all those countries racked by civil war and unrest.

Europe is home to half of the 10 most expensive cities when ranked by cost of living, while on the other end of the scale Mumbai in India is ranked the cheapest to live.

The 10 Most Expensive Cities in the World

1. Singapore
2. Paris
3. Oslo
4. Zurich
5. Sydney
6. Venezuela
6. Geneva
6. Melbourne
6. Tokyo
10. Copenhagen

The 10 Cheapest Cities in the World

1. Mumbai
2. Karachi
3. New Delhi
4. Damascus
4. Kathmandu
6. Algiers
7. Bucharest
7. Panama City
9. Jeddah
10. Riyadh

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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'Sydney & Melbourne Both In The World’s Top 10 Most Expensive Cities List' have 1 comment

  1. Avatar for Property Update

    March 25, 2014 @ 2:24 pm Rosh

    Mumbai cheapest to live? What? Has anyone seen the property market out there?

    Reply


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