Asian cities are now more costly to live in than any American city.
Share to linkedin
According to a survey on the world's costlier cities, released on Monday by The Economist Intelligence Unit , Singapore, Paris and Hong Kong are top three most expensive places to live. The two most expensive U.S. cities come in the bottom half of the richest 10 urban areas, with New York edging out Los Angeles . Both cities did move up more a few notches in the cost of living index, however, with New York going up six spots on the list and LA going up four.
Central Park Manhattan. Sky high rents and multi-million dollar housing in America's most expensive city. New York shot up six spots on the EIUs Worldwide Cost of Living Index, an index used for companies looking to place expats in overseas offices. A stronger dollar last year meant that cities in the U.S. became more expensive for professional globe-trotters.
The highest climbers on the U.S. side were San Francisco , Houston , Seattle and Detroit and Cleveland . Keeping in mind the target audience for this survey, what makes New York and LA more costly is maid service and things like gasoline are more expensive than in other parts of the world.The global cost of living has fallen to 69%, down from 73% last year -- meaning the cost of living baseline of 100 is 69 instead of 73 on average for the 133 cities on the EIUs list.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Think San Francisco And New York Are Expensive? Good Luck In Hong Kong And SingaporeIf you think San Francisco and New York are expensive, good luck in Hong Kong and Singapore
Read more »
'He’s every paradox you can possibly think of’: Trevor Noah finds his voice under TrumpIn the third year of the Trump presidency, Trevor Noah has seemingly found his voice among late-night hosts, not dissimilar to that of his predecessor, Jon Stewart, under the administration of George W. Bush.
Read more »
Trump says he does not think white nationalism is a rising global threat“I don’t really,” President Trump said after being questioned about whether he views white nationalism as a rising global threat. “I think it’s a small group of people that have very, very serious problems, I guess.”
Read more »
First 8K TV Streaming Service Announced - And It's Not Who You Think8K movies being promised by the end of the year
Read more »
Analysis | Fox News’ audience may not be what you think, even if the programming often isAnalysis: Fox News’ audience may not be what you think, even if the programming often is
Read more »
Breakingviews - Boeing needs to think faster than its watchdog(Reuters Breakingviews) - Boeing may need to ground its own aircraft. Europeans ...
Read more »
Why where your kid goes to college doesn't matter as much as you thinkConsider what's most important in life -- happiness, purpose, power, wealth accumulation, adventure, knowledge, creative freedom and expression -- and question whether an elite school is what supports what you want most.
Read more »