Moving to Asia or Australia? Start saving: Those two continents include half of the 10 most expensive cities in the world, according to new research.
While Zurich took the top "honor" from last year's winner Tokyo in the Economist Intelligence Unit's annual world-wide cost-of-living survey, the Japanese capital was runner-up. The survey uses prices of goods and services such as food, transportation, housing, utilities, private schools and domestic help to calculate scores for each city, using New York as its base with a score of 100. Zurich and Tokyo scored 170 and 166, respectively, indicating that they are about 70% and 66% more expensive to live in than New York. Japan was represented at No. 4 by Osaka and Kobe, and Australia by Sydney (No. 7) and Melbourne (No. 8, though at least it can claim it makes up for the cost in livability). (Wall Street Journal)
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