The World’s Top 20 Most Expensive Cities

Alden Wicker
Posted

tokyo most expensive cityEveryone loves to talk about how expensive it is to live in New York City.

Sometimes people in L.A. and San Francisco complain, too. But they’re both outstripped by the Big Apple, a cruel place that requires the 1% to scrimp and save just to send their kids to private school.

You can stop playing your sad violin now, New Yorkers, because it turns out that the hometown of Trump and Jay-Z doesn’t even make the global top 20 of most expensive cities. It’s at 27, down from the 10th most expensive city a decade ago, according to The Wall Street Journal.

In fact, no U.S. city made it into the top 20. In the annual survey, compiled by The Economist Intelligence Unit, Vancouver came close at 21 (shout out to our Canadian readers!). As for good value in the States, try Atlanta and Cleveland, which are both 30% cheaper than New York.

Prize for most expensive goes to Tokyo and Osaka in Japan, Sydney and Melbourne in Australia and Oslo in Norway. A decade ago, no Australian cities were in the top 20.

Oh, and the L.A. versus NYC battle rages on: they tied in cost of living.