City Most Expesive World

The Most Expensive City in the World to Live - Moscow!

The Most Expensive City in the World, According to a 2006 study by Mercer Consulting is Moscow, Russia. In Moscow, an apartment costs around $3,000, a coffee over $5, and a newspaper will set you back over $3. The cost of living in Moscow is 24 percent higher than residing in New York City. This study bases its findings on the cost of living for an expatriate, which is significantly higher than a native, based on the fact that the American dollar is so weak. Drop into the Starbucks on Old Arbat Street, and your venti mocha will set you back over $9.

When attempting to identify the most expensive city in the world, there are many things to consider. Some studies rank a city based on how expensive it is to live there. Some studies base their rankings on how expensive it is to visit a city. Some studies use a complex logarithm based on food prices, home prices, average wages, and transportation costs. Thus, there are several cities who vie for the title of “Most Expensive City in the World”.

For travelers, Oslo, Norway is the world’s most expensive city. The Economist Intelligent Unit’s 2007 survey claims that primarily because of the weakening dollar and strengthening Euro, Norway has leapt ahead of the previous year’s winner – Tokyo.

But, according to a 2006 survey by USB, London is the world’s most expensive city. This survey is based on rent prices and living expenses in relation to wages. Spanning over 600 square miles, Londoners often travel great distances to get to work, attempting to live in the outskirts, where rents are cheaper. It is not unusual to pay $2,000-$3,000 per month for a one bedroom flat in the outskirts; a one bedroom flat in central London (W1) averages $4,000 per month. A Starbucks grande cappuccino will cost you over $7!

There are several other contenders for the most expensive city in the world. Depending on the currency exchange rate, Tokyo often appears at the top of the list. Rents and food in Tokyo are higher than Moscow, Norway, or London. New York also often appears at the top of the most expensive city lists, though less often these days because of the current state of the American dollar.

In contrast to the most expensive cities in the world, there are several lists of the cheapest cities. Paraguay (where a beer costs 60 cents), and Manila often appear as the cheapest. Perhaps one of the least desirable travel destinations is also the cheapest – Tehran, Iran. With so many travel options available it may be best not to visit the cheapest or most expensive cities.