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10 World’s Most Expensive Cities Today

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Paris has come top of a ranking of the world’s most expensive cities, alongside Hong Kong and Singapore.

Paris, France’s capital, is a major European city and a global center for art, fashion, gastronomy and culture.

It’s the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey, which compares prices in 133 cities globally.

The French capital – ranked second most expensive last year – is one of four European cities in the top 10.

The survey compares the cost of common items, such as bread, in 133 cities.

It then tracks whether prices have gone up or down by comparing them to the cost of living in New York, which is used as a benchmark.

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Report author Roxana Slavcheva said Paris had been among the top 10 most expensive cities since 2003 and was “extremely expensive” to live in.

“Only alcohol, transport and tobacco offer value for money compared with other European cities,” she said.

The average cost of a woman’s haircut, for example, costs $119.04 (£90) in Paris, compared with $73.97 in Zurich and $53.46 in Japanese city Osaka.

“European cities tend to have the highest costs in the household, personal care, recreation and entertainment categories – with Paris being a good representative in these categories – perhaps reflecting a greater premium on discretionary spending,” Ms Slavcheva said.

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The most expensive cities in the world 2019 are :

1. Singapore (Singapore)

1. Paris (France)

1. Hong Kong (China)

4. Zurich (Switzerland)

5. Geneva (Switzerland)

5. Osaka (Japan)

7. Seoul (South Korea)

7. Copenhagen (Denmark)

7. New York(US)

10. Tel Aviv (Israel)

10. Los Angeles (US)