The Economist: The Worlds Most Expensive Cities To Live (And Likely To Travel As Well)

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The Economist had their EIU’s (Economist Intelligence Unit) cost of living around the world as the daily chart. I believe that these must be the most expensive cities to travel as well.

The Economist Cost Of Living Index Cover

The comparison is done by using an index that is weighted average of 160 products and services. The New York is set to 100 to provide a base to compare all cities.

You can access this on the Economist website here and download partial report on EIU’s website here.

The Economist Cost Of Living Index

The Caracas is only on this list IF you use the official exchange rate to convert dollars to bolivars or vice versa. The real (read black market) exchange rate is only one tenth of this.

The Economist Cost Of Living Index Lowest

Not sure if I would like to live at any of the 10 cheapest cities, although Bucharest is not that bad.

Conclusion

It is always good to bear in mind the expenses associated with staying at certain cities. I have to say that I used to go quite often to Singapore, but nowadays the hotels have become sooo expensive that I just rather do a fly over.

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  • SOLTATIO

    Awesome! I am heading to Mumbai for the first time next month and with hotels already paid with points, it will be nice to let loose in a city that is a s cheap as that!

    • Could be that the goods/services that you consume as a resident are cheap.

    • Could be that the goods/services that you consume as a resident are cheap.

    • Could be that the goods/services that you consume as a resident are cheap.

  • jxdjxd

    $200 for the conrad in singapore (using pr13cb) isn’t that bad, it’s actually considered cheap for a conrad to be honest.

    • Not often available but used it when I stayed at the Conrad last time.

    • Not often available but used it when I stayed at the Conrad last time.

    • Not often available but used it when I stayed at the Conrad last time.

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  • kempvet

    Budapest is also a relatively cheap city for Europe and far more appealing than Bucharest.

    • Absolutely and I love Budapest. My native language is also related witj Hungarian.

  • Ian smith

    Australia is very expensive, where the price of beer is 8 euros and a poor quality meal can cost you 40 euros. Still prefer my native Portugal, because we still pay 1 euro for a beer and 10 euros for a balanced meal. The average Hotel room in Lisbon is around 50 euros compared to 110 in oz. Singapore is also joke along with the Middle East although they can be forgiven due to their citizens not paying any tax.

    • Haven’t been to Lisbon (or Lisboa) for few years. The prices will eventually come down in Australia in a form of currency devaluation.

  • Ozomatli Oliveira

    I really can’t understand this index. I’ve just arrived in Kuala Lumpur from a 4-day stay in Singapore and I can assure that all the prices there are, at least, 40% cheaper than in the city I live. In Rio de Janeiro is impossible to find an ordinary hotel for less than US$250 one night and impossible to eat in a (cheap) restaurant spending less than US$20 (in McDonald’s you pay US$9).

    • The hotel prices are nuts in Rio and Sao Paulo. This basket of 160 items are good and services.

  • Tony

    While high-end, large apartments may be expensive in Tokyo, almost everything else is cheaper than in NYC or Sydney.

    • They used a basket of 160 good and services to measure this.