Tel Aviv

PHOTO: Worldwide Cost of Living report. Getty Images.

Tel Aviv is the world’s most expensive city to live in, a new report shows, the Israeli city sitting ahead of other urban centres such as Paris, Singapore, Zurich, Hong Kong and New York.

According to the latest Worldwide Cost of Living report released by Economist Intelligence Unit (EIU), a soaring currency, rising house prices and costly goods caused Tel Aviv to move from fifth-most expensive last year, to most expensive in 2021.

Although property prices in the city weren’t included in the report index calculation, they had also risen – particularly in residential areas.

The report compares prices of over 200 goods and services in 173 major cities across the globe.

Auckland is the 27th most expensive city, having moved up 11 places from 2020, the report shows. It’s in line with the cities of Minneapolis (US) and Edinburgh (UK).

The top 10 most expensive cities in 2021:

  1. Tel Aviv (Israel).
  2. Paris (France).
  3. Singapore.
  4. Zurich (Switzerland).
  5. Hong Kong (China).
  6. New York (United States of America).
  7. Geneva (Switzerland).
  8. Copenhagen (Denmark).
  9. Los Angeles (United States of America).
  10. Osaka (Japan).

Source: Worldwide Cost of Living Report 2021.

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