New Cost of Living Index ranks Los Angeles the ninth most expensive city in the world, one of seven American cities to make the top 10.
If you think it costs a lot to call Los Angeles home, you are not wrong. The City of Angels was just ranked the ninth most expensive city in the world.That's according to the Cost of Living Index by data company Numbeo. LA is not alone at the top with seven other American cities also making the list including San Francisco, New York City, and Chicago.Switzerland is home to the top two most expensive cities: Zurich and Geneva. The only other city outside the U.S.
How does Numbeo compile its annual list? The company looks at a series of factors such as the cost of living, the average price of rent, and the cost of groceries, restaurants, and transportation.Numbeo also allows you to compare the cost of living between cities. With the latest data available, the cost of living including rent in New York City is 46.6% higher than in LA. Numbeo publishes a Cost of Living Index twice a year. This most recent study covers January through June 2024.
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