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Top 10 Most Expensive Cities to Live in 2022

Updated: Feb 14

1. Tel Aviv, Israel

With a jump from fifth place in 2020, this city in Israel's Mediterranean coast topped the EIU rating for the first time. The city's cost of living index score was 106, largely as a result of the strong Israeli shekel relative to the US dollar. In 2021, there was also a substantial rise in the cost of food and transportation.

2. Paris

France's famous capital, which is also home to the Eiffel Tower, the Louvre, and the glittering Champs-Élysées, is also the second most expensive city in the world, with a cost of living index of 104.

3. Singapore

Singapore has long been praised for its spotless buildings and streets, but it turns out that residing in what is probably the world's most spotless city has a cost. With a metro score of 104, it was tied with Paris as the most costly city in Southeast Asia.

4. Zurich

It is not surprising that one of the most expensive cities in the world is also the center of banking and finance. The city of Zurich has a cost of living index rating of 103 and is as beautiful as it is expensive due to its mountainous location on Lake Zurich.

5. Hong Kong

Hong Kong was compared to the largest (and priciest) metropolises in the world despite being a Chinese "special administrative territory." In 2021, Hong Kong had the most expensive petrol prices in the world, with an average price of $2.50 a liter. The outcome was a cost of living index score of 101 for 2021.

6. New York

New York City received an index score of 100 and was ranked sixth as the survey's benchmark. The city has been on the list for a while now because of how expensive everything is, from groceries to gas.

7. Geneva, Switzerland

The second city in Switzerland to make this top 10 list is Geneva. The pricy metro, which has a cost of living score of 99 for 2021, is located on the expansive Lake Geneva, close to the French-Swiss border. The city is a center for banking in addition to housing the Red Cross and the United Nations' European headquarters.

8. Copenhagen

On the cost of living report for 2021, this city in the north that is bordered by water had a score of 97. Even while food and housing are expensive, Copenhagen residents are more likely to ride their bikes than get in their cars, which you might expect to make gas and transportation costs a little bit more affordable.

9. Los Angeles

Although the expense of living in this large metropolis in Southern California is exorbitant, there is no better location to be for many beach lovers and aspiring performers. With a score of 96, Los Angeles finished ninth, just four points behind New York City.

10. Osaka

Tokyo might seem to have a higher cost of living than Osaka, but statistics show that this Japanese city, which has a rating of 94, is a little more expensive than the nation's capital. Although many items and services in Osaka are quite expensive, those on a tight budget may still chow down on the city's famous and reasonably priced street cuisine.

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