Cost of living survey conducted by Mercer worldwide gives a startling insight into the world economies. Highest costs of livings are ‘not’ associated with metropolitans such as Ney York, Paris or London, as commonly assumed. Here is a list of cities which are ranked as the most expensive as of 2011.
No 10. Singapore – Singapore
|Average one-bedroom rental||SGD $ 600 per month|
|Average vehicle tax||SGD $ 1,000 per annum|
|Meal||SGD $ 5|
Although, Singapore is world’s fourth leading financial centre, but as a country with a total area of 700 square kilometers, it packs a surprise when it comes to costs of livings.
No 9. Beijing – China
|Average apartment rent including utility costs||RMB 7000 per month|
|Cup of coffee||RMB 35|
|One meal||RMB 20|
Capital of the world’s most populous country, Beijing is a true metropolitan with a population of over 19 million, but ranks at 114 in the list of Urban Quality of Life.
No 8. New York – USA
|Average apartment rent (two bedrooms)||USD $ 4000 per month|
|Cup of coffee||USD $ 3|
|Meal for a family of 4||USD $ 1000 per month|
Big Apple, the financial capital of the world, has a population of over 8 million and is a destination of choice for a huge number of people looking for a better life. But, owning a home in New York is an expensive affair; it will cost you $15,000 per square meter of land.
No 7. Copenhagen – Denmark
|Average apartment rent (three bedrooms)||USD $ 2000 per month|
|Meals for two adults||USD $ 1000 per month|
|Utility costs (Electricity, Internet etc.)||USD $ 200 per month|
Both the largest and the capital city of Denmark, Copenhagen boasts some of the best living standards in the world. It was also ranked 4th by Financial Times-owned FDi magazine on their list of Top 50 European Cities of the Future.