The top 10 most expensive cities around the world, ranked

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  • Singapore reigns as the world's most expensive city for the fifth year in a row, based on a report by The Economist Intelligence Unit.
  • Seoul also kept its No. 6 ranking for the second consecutive year.
  • Asia remains the continent with the most expensive cities, closely followed by Europe.
  • Since last year, European capitals Paris and Copenhagen have both moved up in ranking.

Asian and European cities led the list of most expensive cities around the globe in 2018.

That's according to the Economist Intelligence Unit's annual Worldwide Cost of Living report, which highlights the top 10 most expensive cities around the globe. The report uses more than 400 prices across 160 different products and services - including food, drink, clothing, and home rents - to calculate rankings.

Singapore has consistently held its No. 1 ranking since 2014, when it surpassed Tokyo, which had previously occupied the top spot nearly every year since 1992.

Read more: The same city has been ranked the most expensive city in the world for 5 years running, and it's partially because of the cost of buying a car

Several cities, including Tel Aviv and Seoul, have made massive leaps in the list over the last five years.

The report notes that while Asia accounts for many of the world's most expensive cities, it is also home to many of the cheapest cities as well, including Bangalore and New Delhi. Cities such as these tend to remain cheaper when experiencing political or economic disruption.

In past reports, American cities have appeared in the top 10, but New York City and Los Angeles currently top out at No. 13 and No. 14 respectively. According to the report, this is due, in part, to a weakening dollar when compared to other currencies.

Below, you'll find the 10 most expensive cities ranked from least to most expensive, along with their comparison ranking from last year.

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Sydney, Australia

Sydney, Australia

2018 city ranking by cost of living: 10

2017 city ranking by cost of living: 14

Tel Aviv, Israel

Tel Aviv, Israel

2018 city ranking by cost of living: 9

2017 city ranking by cost of living: 11

Copenhagen, Denmark

Copenhagen, Denmark

2018 city ranking by cost of living: 8

2017 city ranking by cost of living: 9

Seoul, South Korea

Seoul, South Korea

2018 city ranking by cost of living: 6 (tied with Geneva)

2017 city ranking by cost of living: 6

Geneva, Switzerland

Geneva, Switzerland

2018 city ranking by cost of living: 6 (tied with Seoul)

2017 city ranking by cost of living: 7

Oslo, Norway

Oslo, Norway

2018 city ranking by cost of living: 5

2017 city ranking by cost of living: 11

Hong Kong, Hong Kong

Hong Kong, Hong Kong

2018 city ranking by cost of living: 4

2017 city ranking by cost of living: 2

Zurich, Switzerland

Zurich, Switzerland

2018 city ranking by cost of living: 2 (tied with Paris)

2017 city ranking by cost of living: 3

Paris, France

Paris, France

2018 city ranking by cost of living: 2 (tied with Zurich)

2017 city ranking by cost of living: 7

Singapore, Singapore

Singapore, Singapore

2018 city ranking by cost of living: 1

2017 city ranking by cost of living: 1

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