Dear MEL Topic Readers,
World's most expensive cities to live in
The Worldwide Cost of Living Survey compares
more than 400 individual prices across 160 products and services in 133 cities
around the world. The items surveyed include food and drink, clothing, home
rental, transport, schooling, and recreation.
For the first time in its three-decade
history, the survey ranked three places at the top of the world’s most
expensive cities in 2019. Those most expensive cities to live in are Singapore,
Hong Kong, and Paris, followed by European and Asian cities like Genova, Osaka,
Seoul, and Copenhagen.
The survey is designed to help companies
adjust compensation packages and allowances for their expatriates and business travelers.
The prices of each city are affected by currency appreciation, inflation, and
devaluation, so the cost of living of the permanent or long-term residents may not
fluctuate as much as the annual ranking.
Enjoy reading and learn which cities are more
costly to live in than others.
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