Found it interesting to read what according to a new report, the world's most expensive cities in the world are:
It surprises me that all of them are mainly in Europe.
Why do you think that's the case?
As a resident of the number one on the list, Oslo, Norway, I'd say the price of alcohol probably doesn't help
Expensive is a somewhat relative term though. Salaries are higher here than in most of Europe, so it doesn't necessarily mean people would struggle to get by (considering the Norwegian welfare system is one of the better in the world, that would be hard anyway).... One of the main reasons for Oslo being so expensive are the darned government taxes that are levied on absolutely everything. VAT = 25% typically.... Basic income tax rate is 30% to 55%, etc. etc.
I think Europe is just more expensive in general than the States. Not quite sure why, but I'd expect economies of scale in the US probably mean lower costs so slightly less expensive goods. More competition due to the size of the country (and it is only one country!) also helps. A culture which inspires and stimulates new business also leads to more innovation, and over time that should help keep costs, and thus prices, down. Last, but certainly not least, taxes probably make up a large sum of this survey and in general taxes in the US are lower than in Europe, where taxes are higher in order to pay for more welfare focused systems. Another crucial part of 'most expensive' is usually the cost of fuel, which in the US is much cheaper than in Europe, mainly due to government levies which are higher here.
Well, as a resident of the second most expensive (London) I can only say it is depressing sometimes to pay such ridiculous prices for everything, from housing, to transport, food... and of course alcohol!!
But if you are a positive thinking person like me and see the bright side, is great to live in such an expensive place, because when you go travelling, it doesnt matter where about in the world, everything seems a bargain!!!! (well, not if you go to Oslo... hehehe)
x x Miromar x x
I lived just outside of Zurich and London. Both very expensive cities but both equally good fun to be in. However, you do manage to find some real bargain places to go even in these two cities. And thevariety of places to go to are just amazing.
I agree with Miromar as well, that at least it makes going abroad a lot cheaper too.
The two things that are definitely too expensive in both these cities though is the alcohol and public transport.
Weelll.. Alcohol is expensive in London, but certainly not too bad compared to Scandinavia.
It would be interesting to see how the cost of living in these cities compares to the average wage - pay in London is generally pretty decent, however living in Brighton which costs almost as much as London but has some pretty dismally paid jobs can be more difficult sometimes I reckon, (though obviously you don't have to put up with the London grime..)
It's not that the prices are too high, it's the wages which are too low