Based on the world ranking of the Economist Intelligence Unit (EIU), Singapore reached the top as the country that is expensive to live. Due to this, Singapore had surpassed Osaka and Tokyo. This means that Singapore dollar is more valued that Yen.
In the past 10 years, Singapore was on the 18th place. Last year, Singapore was at the sixth position wherein they are behind Tokyo and Osaka, Melbourne, Sydney and Oslo. The main reason why those top cities fell into the least place because yen slows down last year making Singapore dollar boosts its way to the top.
In 2013, Tokyo, Japan was hailed the most luxurious city to live. The latest ranking shows that Tokyo is now in the 6th place next to Geneva, Melbourne and Caracas. Last year Paris follows Tokyo and next was Oslo, Zurich and Sydney.
The Top 10 Expensive Cities
At the 10th place is the Copenhagen which moves five places up, followed by Tokyo at the 9th place. Tokyo has moved down 5 places. Last year, Melbourne ranked number 6 but today in decreased and puts the country at number 8 spot. From being number 11 last year in the world ranking, Geneva goes up at number 6. At number 5 is the beautiful country of Caracas with goes 3 places up. It was followed by Sydney and Zurich. For the top 3, Singapore, Paris and Oslo don’t stop the journey in obtaining and maintaining their spot.
On the other hand, least cities to live are the following (in order):
- New Delhi
- Panama City
- Jeddah and;