In the latest Cost of Living report by Mercer, Singapore has joined the Top 10 list of the world’s most expensive cities.
Australian cities have witnessed some of the most dramatic jumps in Mercer’s cost of living report ranking as the local currency has gained almost 14% against the US dollar.
Sydney (14) is up ten places, Melbourne has moved from rank 33 to 21 and Perth has surged 30 places to reach rank 30. Up 44 places, Adelaide (46) is the country’s highest riser.
The most expensive city in Asia is Tokyo (2), followed by Osaka (6). Singapore (8) has joined the list of the world’s top 10 most expensive cities and is followed by Hong Kong (9). Nagoya (11) in Japan is up eight places whereas Seoul (19) is down five.
Other highly ranked Asian cities are Beijing (20), Shanghai (21), Guangzhou (38), Shenzhen (43) and Taipei (52).
New Delhi (85) is India’s most expensive city followed by Mumbai (95) and Bangalore (180). Elsewhere in Asia, Jakarta ranks 69, Hanoi 136, Bangkok 88 and Kuala Lumpur 104. Karachi (214) is the region’s least expensive city.
Top 5 cost of living ranking cities worldwide
Luanda, Angola (1st)
Tokyo, Japan (2nd)
N’Djamena, Chad (3rd)
Moscow, Russia (4th)
Geneva, Switzerland (5th)
Top 5 cost of living ranking cities by region