New York is no longer in this top ten list. It’s the world’s most expensive cities, and New York City has dropped several spaces thanks to the fluctuation of currencies. Here are the top 20.
# Moscow
# London
# Seoul
# Tokyo
# Hong Kong
# Copenhagen
# Geneva
# Osaka
# Zurich
# Oslo
# Milan
# St. Petersburg (Russia)
# Paris
# Singapore
# New York City
# Dublin
# Tel Aviv
# Rome
# Vienna
# Beijing
Los Angeles is the next American city on the list, making the top 50.
The list was created not by taking into account just the expense of living, but the expense relative to the income. It’s possible that in addition to currency valuations, the increase in New York salary played a role in making that city more affordable, pushing New York lower in the list.
Of course, if you’re not part of the small but significant few who received hedge-fund-like compensation, you’re not going to feel that the city is relatively less expensive.
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