Dublin is now considered more expensive to live in than London.
Singapore is still the most expensive city in the world to live in, according to the 2018 edition of the Economist Intelligence Unit. It’s followed by Paris, which had previously been ranked eighth in the world.
Dublin ranks as the 19th most expensive city in the world, compared to 25th last year, while London has fallen from 24th to 30th place, mainly due to the weakening pound caused by Brexit.
It’s London’s lowest ranking since 1998, making it 9% cheaper to live in than Dublin.
Seoul is the only other city in the top ten that has maintained its ranking from the previous year. In the rest of Asia, Hong Kong and Sydney join Singapore and Seoul in the top 10.
Low inflation has pushed Tokyo and Osaka out of the top ten in the cost of living ranking, which covers 133 cities worldwide.
The Japanese capital, which was the world’s most expensive city until 2013, has moved seven places down the ranking in the past 12 months. Conversely, Seoul, which was ranked 21st five years ago, is now in sixth position alongside Geneva.
Within western Europe, it is non-euro area cities that remain the most expensive. Zurich (3rd), Oslo (5th), Geneva (6th) and Copenhagen (8th) are among the ten priciest.
The cheapest cities in the world have seen some changes over the past 12 months. Asia is home to some of the world’s most expensive cities—but to many of the world’s cheapest cities too (see details below).
Top Ten Most Expensive Cities in the World
- Singapore, Singapore
- Paris, France
- Zurich, Switzerland
- Hong Kong, Hong Kong
- Oslo, Norway
- Geneva, Switzerland
- Seoul, South Korea
- Copenhagen, Denmark
- Tel Aviv, Israel
- Sydney, Australia
Top Ten Cheapest Cities in the World
- Damascus, Syria
- Caracas, Venezuela
- Almaty, Kazakhstan
- Lagos, Nigeria
- Bangalore, India
- Karachi, Pakistan
- Algiers, Algeria
- Chennai, India
- Bucharest, Romania
- New Delhi, India
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