New York, New York!
It is truly the greatest city in the world. Out of the many ways, one of them is that all other cities in the world are judged by the standard of living in this city. So when a report comes out showing the world’s most expensive cities, New York City is considered the base and the rest judged by its relation to New York. The latest report shows that there are fourteen more expensive cities in the world. The following is the top 20:
5. Hong Kong
12. St. Petersburg
15. New York City
17. Tel Aviv
A luxury two-bedroom in Moscow now rents for $4,000 a month; a CD costs $24.83, and an international newspaper, $6.30, according to Mercer. By comparison, a fast food meal with a burger is a steal at $4.80.
London takes the No. 2 spot, up from No. 5 a year ago, thanks to higher rents and a stronger British pound relative to the dollar. Mercer estimates London is 26 percent more expensive than Gotham these days.
Following closely on London’s heels are Seoul and Tokyo — Nos. 3 and 4, respectively — both of which are 22 percent more expensive than New York, while No. 5 Hong Kong is 19 percent more costly.
On the opposite end of the spectrum, Asuncion in Paraguay is ranked as the world’s least expensive city for the fifth year running. Mercer estimates that to live in Asuncion costs half as much as it does to live in New York.
Among North American cities, New York and Los Angeles are the most expensive and are the only two to rank in the top 50 of the world’s most expensive cities. But both have fallen in their rankings since last year’s survey — New York came in 15th, down from 10th place, while Los Angeles fell to 42nd from 29th place a year ago. San Francisco came in a distant third at No. 54, down 20 places from a year earlier.
I like reading that part about New York falling on the list. It means we have a better chance of owning our own place in the city, which would be great. 🙂