From Singapore To Chennai: These Are World's Most & Least Expensive Cities To Live In

In a year that has seen the world witness triple-digit inflation, mass layoffs, geopolitical wars, stock market volatility, cyber crimes, and what not, one thing that almost every nation is going through is the global cost of living crisis. And amidst the high cost of living around the world, can you guess which are the most and least expensive cities to live in?

Well, according to the annual Worldwide Cost of Living Index that was recently published by the Economist Intelligence Unit (EIU), these are the top 10 most and least expensive cities in the world, with their 2023 ranking.

The World's Most Expensive Cities To Live In

indiatimes

Singapore

Zurich

Geneva

New York

Hong Kong

Los Angeles

Paris

Copenhagen

Tel Aviv

San Francisco

The World's Least Expensive Cities To Live In

statueofunitytentcity

Damascus

Tehran

Tripoli

Karachi

Tashkent

Tunis

Lusaka

Ahmedabad

Lagos

Buenos Aires

Chennai

Also Read: All You Need To Know About Tata Group's Most Expensive Stock

More About The Rankings

theeconomist

Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York, and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over.

Singapore regained the top spot in the rankings for the ninth time in the past eleven years due to high price levels across several categories. The city state has the world's highest transport prices, owing to strict government controls on car numbers. It is also among the most expensive for clothing, groceries, and alcohol.

Zurich's rise reflected the strength of the Swiss franc and high prices for groceries, household goods, and recreation, it said. Geneva and New York tied for third place, while Hong Kong was fifth and Los Angeles was sixth. Paris was named the seventh-most expensive city in the world.

Israel¡¯s Tel Aviv shares eighth place with Denmark¡¯s Copenhagen. However, it¡¯s worth noting that the survey was conducted before the October outbreak of the Israel-Hamas conflict.

Finally, San Francisco, one of three US cities in the top 10, came in 10th place.

On the other hand, Indian cities Ahmedabad and Chennai are among the least expensive cities in the world. Asia continues to see relatively lower price increases on average compared to other regions, it said, as per a Reuters report. Chinese cities have fallen in its rankings, with four cities¡ªNanjing, Wuxi, Dalian, and Beijing¡ªamong the biggest movers down the rankings this year, along with Osaka and Tokyo in Japan.

For the latest and interesting financial news, keep reading Indiatimes Worth. Click here.