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Top 25 Costliest Cities in the World
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| starsearcher |
We're not up there yet even though I feel that we are long time ago :crazy:
Can't believe NYC only ranked 13th...I expected it to be much higher...I guess I'll chose it over London for now for my future residence :p
| quote: | Tokyo World's Costliest City; NYC Is 13th
By EMILY WINTER, Associated Press Writer Mon Jun 20, 4:51 PM ET
LONDON - Japan's Tokyo and Osaka are the world's most expensive cities with London in third place, according to a survey released Monday. New York, the most costly of American cities, placed 13th.
The annual report released in London Monday ranked cities based on the comparative cost of more than 200 items including housing, public and private transport, food, clothing and entertainment.
For example researchers for Mercer Human Resource Consulting found a bus ride in London cost $3.66 compared to 51 cents in Prague, $1.83 in Dublin and $1.76 in Paris.
Surveys are conducted in 144 cities around the globe every March. All cities are compared to New York, which is automatically given a ranking of 100, Tokyo in comparison scored 135.
South America was home to the least expensive cities, with Asuncion, Paraguay the cheapest of all surveyed cities.
The Mercer group put the relative expensiveness of Tokyo at No. 1, followed by Osaka then London down to the strength of the pound and the yen against the U.S. dollar and cited the high cost of housing and transport as a major factor in London's cost of living.
"Many of the U.S. cities surveyed have fallen in the rankings due to the weakening of the dollar against the Euro, Canadian dollar and Asian Pacific currencies," Mercer research manager Marie-Laurence Sepede said.
Because China pegs its currency to the U.S. dollar its cities ratings were also affected by the dollar's depreciation and were lower in the rankings than the previous year.
The report also found the cost of living divide between the world's cheapest and most expensive cities was narrowing.
Top 25 cities (with last year's ranking):
1. Tokyo, Japan (1)
2. Osaka, Japan (4)
3. London, Britain (2)
4. Moscow, Russia (3)
5. Seoul,South Korea (7)
6. Geneva, Switzerland (6)
7. Zurich, Switzerland (9)
8. Copenhagen, Denmark (8)
9. Hong Kong, Hong Kong (5)
10. Oslo, Norway (15)
11. Milan, Italy (14)
12. Paris, France (17)
13. New York City, United States (12)
14. Dublin, Ireland (14)
15. St. Petersburg, Russia (10)
16. Vienna, Austria (19)
17. Rome, Italy (21)
18. Stockholm, Sweden (22)
19. Beijing, China (11)
20. Sydney, Australia (20)
21. Helsinki, Finland (23)
22. Douala, Cameroon (25)
23. Istanbul, Turkey (18)
24. Amsterdam, Netherlands (26), Budapest, Hungary (34) (Amsterdam and Budapest ranked equally). |
Source: http://news.yahoo.com/s/ap/world_s_...HBhBHNlYwM5NjQ- |
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| mindspin |
| surprised to see sanfran isn't on there.....a buddy of mine just moved there and he says the cost of living there is double what it is in tdot. |
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| bARTovsky |
| I wonder where Toronto would fit into all this. Probably mid way I suppose. |
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| malek |
Toronto 82nd
Vancouver 87th
Calgary 98th
Montréal 107th (up from 113th)
Ottawa 122th (up from 124th) |
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| mindspin |
| malek......lol......that signature dude....jokes! |
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| Jayx1 |
The problem with this IMO is that they compare costs without taking into account incomes and exchange rates. By comparing everything to New york it means that this is only relevent to people who earn income in US dollars and spend it in foreign countries.
Sure 55 cents US is what a bus costs in prague but how long does it take the average person to make that 55 cents? perhaps its even more expensive in that context.
For example: earning $10CAD an hour in Toronto and spending it in Toronto gets you much less than if you spent that $10 in Ottawa.
I think for cost of living compared to income, toronto is definately in the top tier of world cities.
When i lived in Argentina i was easily able to make 15 pesos an hour. Meanwhile my rent was 150 pesos a month. Ill never find that kind of ratio of income to rent in toronto unless i live in a cheap apartment and make the income of a doctor. |
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| malek |
| quote: | Originally posted by Jayx1
The problem with this IMO is that they compare costs without taking into account incomes and exchange rates. By comparing everything to New york it means that this is only relevent to people who earn income in US dollars and spend it in foreign countries.
Sure 55 cents US is what a bus costs in prague but how long does it take the average person to make that 55 cents? perhaps its even more expensive in that context.
For example: earning $10CAD an hour in Toronto and spending it in Toronto gets you much less than if you spent that $10 in Ottawa.
I think for cost of living compared to income, toronto is definately in the top tier of world cities.
When i lived in Argentina i was easily able to make 15 pesos an hour. Meanwhile my rent was 150 pesos a month. Ill never find that kind of ratio of income to rent in toronto unless i live in a cheap apartment and make the income of a doctor. |
dude, we know that.
the point of this study is that it serves entreprises by showing the costs involved when sending workers abroad. |
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| rabbitjoker |
| quote: | Originally posted by malek
dude, we know that. |
har har! touche! |
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| Jayx1 |
| quote: | Originally posted by malek
dude, we know that.
the point of this study is that it serves entreprises by showing the costs involved when sending workers abroad. |
well thats not how it was presented int he article and also not how most people would perceive it.
Most people would probably think... "oh ok im moving to toronto because i can earn money and its cheap there".... Yeah until you make $15 an hour and pay $1200 in rent LOL |
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| Orko |
| quote: | Originally posted by Jayx1
well thats not how it was presented int he article and also not how most people would perceive it.
Most people would probably think... "oh ok im moving to toronto because i can earn money and its cheap there".... Yeah until you make $15 an hour and pay $1200 in rent LOL |
yeah it doesnt say that in this particular report, but most of the other news articles on this topic state that this was a servey for companies, who send workers abroad.
From talking to difference friends, this servey seems to be bang on for the top three. |
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| Jayx1 |
Id like to see a comparison that takes into account costs and average incomes. That would do me much more good then looking at everything from a US dollar earned point of view.
2000 pesos is only about 600 US but on 2000 pesos you can live far more comfortably in buenos aires than you could for $2000 Canadian in Toronto for example. And for me, earning that 2000 a month down there was easier than it is here. It takes me double that in canadian dollars to have anywhere close to the same lifestyle i had there. |
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| halo20 |
ahh, London ain't that bad.
(if you're a billionaire) |
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