New York & Singapore: the World’s Most Expensive Cities in 2022

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New York and Singapore have been revealed as the two most costly cities in the world to live in, according to an annual survey conducted by the Economist Intelligence Unit. Last year, Tel Aviv was the most costly city, but now it is third.

The cost of life in the world’s major metropolises has surged this year, according to a study by the Economist Intelligence Unit. The prices have risen an incredible 8.1% (average) from last year – so start saving if you’re planning on living it large!

The EIU’s latest survey reveals the vast differences in cost of living around the world. Comparing a staggering 400 prices across 200 different items, 173 cosmopolitan cities were newly surveyed with only Kyiv absent from this year’s list.

The most expensive cities to live in 2022

RankCityGeography
1SingaporeSingapore
1New YorkUS
3Tel AvivIsrael
4Hong KongHong Kong
4Los AngelesUS
6ZurichSwitzerland
7GenevaSwitzerland
8San FranciscoUS
9ParisFrance
10CopenhagenDenmark
10SydneyAustralia

The least expensive cities to live in 2022

Rank City Geography
161 Colombo Sri Lanka
161 Bangalore India
161 Algiers Algeria
164 Chennai India
165 Ahmedabad India
166 Almaty Kazakhstan
167 Karachi Pakistan
168 Tashkent Uzbekistan
169 Tunis Tunisia
170 Tehran Iran
171 Tripoli Libya
172 Damascus Syria

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Vik Palan

Vik Palan

Chief Editor - Ratestead.ca

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