Singapore Named The Most Expensive City Globally For 2022
Do you agree with these findings by the Economist Intelligence Unit?
Megan Zara Walsh - Staff Writer
The Worldwide Cost of Living Index 2022 has named Singapore the most expensive city to live on the planet, alongside New York.
The report crafted by London-based Economist Intelligence Unit (EIU) compares the prices of goods and services in 172 cities worldwide. Interestingly, Tel Aviv – which was number one in 2021 – fell to third place below Singapore and New York. While some of the least expensive cities to live include Damascus in Syria and Tehran in Iran.
The EIU attributed a number of factors to the cost of living crisis in these cities, including a global inflation of 8% in 2022, sparked by the war in Ukraine, as well as the pandemic and a zero-covid policy in China.
Here are the top 10 most expensive cities globally for 2022:
1. Singapore
1. New York
3. Tel Aviv
4. Los Angeles
4. Hong Kong
6. Zurich
7. Geneva
8. San Francisco
9. Paris
10. Copenhagen
10. Sydney
If you’re affected significantly by Singapore as an expensive city, why not check out the best free things to do and keep purchasing cheap eats across town to save yourself some dolla bills!
Enjoying Secret Singapore? Check out The Best Things To Do In Singapore.