It probably won’t come as a shock to learn that Sydney is among the world’s most expensive cities but another Australian capital has also made the list.
Can you guess which one?
Here’s a list of the 15 most expensive cities according to their cost of living index.
15. Stockholm, Sweden
Price Index: 204
A fast food meal in Stockholm will cost around $10. A meal in the business district will run around $14.
Rent in the expensive areas of Stockholm would cost around $2,690 a month.
14. The Hague, Netherlands
Price Index: 208
A meal in The Hague in the business district would cost around $23. A fast food meal would go for $9.
Rent in The Hague in an expensive area is around $1,928 a month.
13. Brisbane, Australia
Yes that was the second Australian city to hit the list, but wouldn’t have been my guess!
Price Index: 204
A fast food meal in Brisbane would cost around $8.
Rent in the expensive parts of Brisbane is around $2,097 a month.
12. Hong Kong, Hong Kong
Price Index: 214
A combo fast food meal in Hong Kong would cost a low $4.35. A more expensive dining experience would run around $14 per person.
Rent in the more expensive side of Hong Kong is a whopping $5,123 a month.
11. Sydney, Australia
Price Index: 215
An average fast food meal in Sydney would run you about $8 while bread for two, for one day would go for about $2.18.
Rent in Sydney for a high end apartment is about $2,792 a month.
10. Copenhagen, Denmark
Price Index: 217
A meal in Copenhagen in the business district would cost around $24. A fast food meal would go for $12.
Rent in Copenhagen in an expensive area is around $2,577 a month.
9. San Francisco, USA
Price Index: 218
San Francisco is also one of the more expensive cities to live in. A meal in San Francisco in the business district would cost around $15. A fast food meal would go for $7.
Rent in San Francisco in an expensive area is an impressive $3,844 a month.
8. Paris, France
Price Index: 219
If you are going for a cheap fast food meal in Paris, it’ll run you around $10. If you want to experience some French cuisine, a more expensive meal in the business district would cost around $22.
Rent in Paris in an expensive area is around $3,484 a month.[sam id=34 codes=’true’]
7. Singapore, Singapore
Price Index: 228
A combo fast food meal would not cost much in Singapore at $5.80. A more expensive meal in the business district would only run you about $10, but rent in Singapore in a more expensive area will go to about $3,885 a month.
6. Lausanne, Switzerland
Price Index: 233
A combo fast food meal in Lausanne would be about $14. A more expensive meal in the business district would go for about $21.
Rent in Lausanne for a high end apartment is about $3,238 a month.
5. New York City, USA
Price Index: 237
A combo fast food meal in New York City would cost around $8. A more expensive meal in the business district would go for about $18.
Rent in New York City for a high end apartment is about $4,111 a month, making NYC one of the most expensive cities for housing.
4. Zurich, Switzerland
Price Index: 256
A combo meal at a fast food restaurant in Zurich costs a whopping $14. A more expensive meal in the business district goes for around $31.
Rent in Zurich goes up to about $3,841 a month.
3. Geneva, Switzerland
Price Index: 259
An average meal at a fast food restaurant in Geneva will run you a steep $15.
Rent in a nice part of Geneva is about $3,857 a month.
2. Oslo, Norway
Price Index: 267
A combo fast food meal in Oslo would cost around $15, while a more expensive dining experience would run around $40 per person.
Rent in the more expensive side of Oslo is around $2,925 a month.
1. London, United Kingdom
Price Index: 280
Topping the list is the capital of the UK. A meal in London in the business district would cost around $22. A fast food meal would go for $9.
Rent in London in an expensive area is around $4,338.
Is Australian property really so expensive?
I guess the answer is yes it is. But that’s the price we pay for living in the best place in the world, with a stable political environment, a strong economy and sound banking system.
Of course this is compounded by the fact that most of us want to live in many of the same locations in our 4 big capital cities. And this is only going to get worse as our population grows by around 10% in the next 5 years.
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