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Wednesday, March 18, 2015

The world’s 10 most expensive cities

No. 1: Singapore. (Edgar Su/Reuters)
Singapore is the world’s most expensive city, according to the Economist Intelligence Unit.

The island
is Southeast Asia’s financial hub and, in recent years, has seen growth
in the private banking industry that has attracted foreigners to
highly-paid positions with global companies’ regional offices. It is the
most expensive place to own a car and buy clothes.

This is the second straight year Singapore topped the Economist Intelligence Unit’s World Cost Of Living Survey. Every
two years, the survey compares prices in roughly 160 different service
and product categories such as transportation, rent and food. Here’s a
look at the other nine most expensive cities:

No. 2: Paris, which is 26 percent more expensive than New York City. ( Fred Dufour/AFP/Getty Images)
No. 3: Oslo, in third place for a second year. (Cornelius Poppe/NTB Scanpix via Reuters)
No. 4: Zurich. ( Philipp Schmidli/Bloomberg)
No. 5: Sydney, one of two cites in Australia in the top 10. (Daniel Munoz/Reuters)
No. 6: Melbourne, Australia. (Mick Tsikas/Reuters)
No. 7: Geneva. ( Valentin Flauraud/Bloomberg)
No. 8: Copenhagen. (Bob Strong/Reuters)
No. 9: Hong Kong and Seoul. Hong Kong was once the third most expensive
city, but is now tied with Seoul. Ten years ago, Seoul just made the
top 50. (Bobby Yip/Reuters, Martin Bureau/AFP/Getty Images)
No. 10: New York City. (Eric Thayer/Reuters)
- The Washington Post

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