New-York-Vancouver-most-expensive-cities-world-EIU Tokyo is the world’s most expensive city to live in while Vancouver is the priciest in North America, says the latest Worldwide Cost of Living Survey from the Economist Intelligence Unit (EIU).

The biannual survey compares hundreds of prices across 160 products and services, including food, drink, rentals, utility bills, schooling costs and household supplies.

The City of Vancouver ranked 21st on the worldwide list, ahead of New York and Los Angeles which tied for 27th. Still, New York had one of the biggest jumps on the list, rising 19 spots.

“Only 12 cities of the 131 surveyed saw a relative rise in the cost of living compared with New York, reflecting a stronger US dollar and rising costs in the Big Apple, especially in the clothing, tobacco and grocery categories,” the EIU report explains.

Meanwhile, Tokyo’s top spot is a familiar position for the Japanese capital, which has been the world’s most expensive city for all but a handful of the last 20 years. In fact, since 1992 Tokyo has been the top-ranking city every year bar six. Only Zurich, Paris and Oslo were dubbed the world’s most expensive city during this time.

Top 10 most expensive cities in the world

  1. Tokyo, Japan (+1 place)
  2. Osaka, Japan (+1)
  3. Sydney, Australia (+4)
  4. Oslo, Norway (+1)
  5. Melbourne, Australia (+4)
  6. Singapore (+3)
  7. Zurich, Switzerland (-6)
  8. Paris, France (-2)
  9. Caracas, Venezuela (+25)
  10. Geneva, Switzerland (-7)

Top 10 least expensive cities in the world

  1. Karachi, Pakistan
  2. Mumbai, India
  3. New Delhi, India
  4. Kathmandu, Nepal
  5. Algiers, Algeria
  6. Bucharest, Romania
  7. Colombo, Sri Lanka
  8. Panama City, Panama
  9. Jeddah, Saudi Arabia
  10. Tehran, Iran

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