World’s Most Expensive Cities to Live in 2022, Know Name of These Cities Here
According to CNN, the Economist Intelligence Unit (EIU) has released its Worldwide Cost of Living report, tracking the relative expenses of 172 cities around the world. According to this year’s index, the average cost of living across the board has increased by 8.1 percent, partially due to the effects of the Russian war in Ukraine as well as the ongoing impact of the COVID-19 pandemic.
New York was the world’s most expensive metropolis in 2022, sharing the title with Singapore, as soaring energy prices doubled the inflation rate across the major global cities, Economist Intelligence Unit’s annual survey said.
Last year Tel Aviv topped the list but it dropped to third this year, while Sydney snuck into the top 10 this time and Moscow and St Petersberg in Russia scaled the rankings by as much as 88 places amid sanctions following Ukraine invasion, the EIU’s Worldwide Cost of Living report found.
Six of the eight highest climbers (after the two Russian cities) were US cities, led by Atlanta going from 42nd to 46th in the rankings of the 172 cities surveyed. Cities in countries where their currency slumped in 2022 featured among those dropping down the listing of most costly cities. Japan’s Tokyo and Osaka were among the 10 biggest drops, ending at 37th and 43rd respectively, down from 13th and 10th in 2021.
The world’s 10 most expensive cities to live in 2022:
1. New York and Singapore (tie)
3. Tel Aviv, Israel
4. Hong Kong and Los Angeles (tie)
6. Zurich, Switzerland
7. Geneva, Switzerland
8. San Francisco, California
9. Paris, France
10. Copenhagen, Denmark.
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