If you think San Francisco and New York are expensive, good luck in Hong Kong and Singapore
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According to a survey on the world's costlier cities, released on Monday by The Economist Intelligence Unit , Singapore, Paris and Hong Kong are top three most expensive places to live. The two most expensive U.S. cities come in the bottom half of the richest 10 urban areas, with New York edging out Los Angeles . Both cities did move up more a few notches in the cost of living index, however, with New York going up six spots on the list and LA going up four.
Central Park Manhattan. Sky high rents and multi-million dollar housing in America's most expensive city. New York shot up six spots on the EIUs Worldwide Cost of Living Index, an index used for companies looking to place expats in overseas offices. A stronger dollar last year meant that cities in the U.S. became more expensive for professional globe-trotters.
The highest climbers on the U.S. side were San Francisco , Houston , Seattle and Detroit and Cleveland . Keeping in mind the target audience for this survey, what makes New York and LA more costly is maid service and things like gasoline are more expensive than in other parts of the world.The global cost of living has fallen to 69%, down from 73% last year -- meaning the cost of living baseline of 100 is 69 instead of 73 on average for the 133 cities on the EIUs list.
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