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Worlds most expensive city....

Travel Forums General Talk Worlds most expensive city....

1. Posted by Cupcake (Travel Guru 8468 posts) 10y

http://money.cnn.com/2006/01/31/real_estate/world_cities_most_expensive/index.htm?cnn=yes
For the first time in nearly a generation, Tokyo no longer ranks as the world's most expensive city, according to a survey released Tuesday by the Economist Group.

The biannual survey, which covers 130 countries, found Oslo, Norway as No. 1 in terms of cost of living. Tokyo fell to No. 2. The last time Tokyo did not lead all other cities was in 1991 when, due to an overvalued official currency exchange rate, Tehran briefly led the charge.
World's priciest cities
The index uses New York and 100 as its base points. Oslo, at 140, is 40 percent more expensive than New York.

Rank (last year) City Index *
1 (3) Oslo, Norway 140
2 (1) Tokyo, Japan 136
3 (8) Osaka/Kobe, Japan 135
4 (2) Reykjavik, Iceland 130
4 (4) Paris, France 130
6 (5) Copenhagen, Denmark 127
7 (7) London, UK 125
8 (6) Zurich, Switzerland 123
9 (8) Geneva, Switzerland 116
10 (10) Helsinki, Finland 115

*Index based on New York (100)
Source: Economic Intelligence Unit

Japan has suffered from a weakening yen, years of low inflation and a general malaise of the economy.

Oslo moved up one spot from six months ago on the strength of Norway's high consumer confidence, rampant investment and low interest rates, according to the report.

Oslo's score of 140 on the index, which uses New York and a base of 100 as its starting points, means that Oslo costs 40 percent more than New York. Tokyo came in at 136.

European cities now dominate the top 10 list with Reykjavik as the third most expensive city, Paris tied with Osaka for fourth, and Copenhagen sixth.

The most expensive American city, New York, fell into a tie for 27th place with Düsseldorf, Germany. Last year, New York was No. 23.

To show how the mighty have fallen, Tehran now resides in last place among the cities surveyed, at an index value of 33.

Most of the other low scorers represented Latin America, with Asuncion, Paraguay at an index value of 45 leading the Americas, and South Asia, with Karachi, Pakistan at 43. Other inexpensive cities include Manila, Philipines (39) and Mumbai (45).

2. Posted by BjornParee (Full Member 150 posts) 10y

I think this list is not very good for travellers on this website. If you look on the topics you will see that even the most expensive city's have cheap hostels and place to go to. It's just how much you want to spend. Amsterdam is not in the Top10 but several tourist who go to the Red Light District spend a lot of money.

Kind regards,

Bjorn

3. Posted by Cupcake (Travel Guru 8468 posts) 10y

I think they mean 'cost of living', there is always a way to travel cheap (rules I live by :))

4. Posted by Isadora (Travel Guru 13926 posts) 10y

You are correct, Bjorn, this isn't a good list for those traveling. But, we do get several members who ask questions related to relocation. A list such as this may be of help to those looking to move somewhere new.

5. Posted by Jase007 (Travel Guru 8870 posts) 10y

London has to be higher on the list - to live in anyway !!

6. Posted by angela_ (Respected Member 1732 posts) 10y

Quoting CupCake

Rank (last year) City Index *
1 (3) Oslo, Norway 140
2 (1) Tokyo, Japan 136
3 (8) Osaka/Kobe, Japan 135
4 (2) Reykjavik, Iceland 130
4 (4) Paris, France 130

6 (5) Copenhagen, Denmark 127
7 (7) London, UK 125
8 (6) Zurich, Switzerland 123
9 (8) Geneva, Switzerland 116
10 (10) Helsinki, Finland 115

European cities now dominate the top 10 list with Reykjavik as the third most expensive city, Paris tied with Osaka for fourth, and Copenhagen sixth.

This just struck me as odd.. The list isn't the same as the text!