Wednesday, February 15, 2012

Zurich is the most expensive city in the world

According to EIU most expensive is life in Japan and Switzerland - Zurich, Tokyo, Geneva and Kobe are topping the list
Zurich is the most expensive city in the world for the second half of 2011, the Swiss metropolis took first place in Tokyo cost of living, the results of a latest worldwide survey of the Economist Intelligence Unit, Department of Economic Studies of the famous magazine.

The study is published twice a year and relates to prices for goods and services, including grocery, transportation, private schools and domestic help.

From these data, the authors prepared a ranking as New York has a value of 100 and serves as a base. Real estate prices are not taken into account, unlike the value for sale. In a recent survey Zurich and Tokyo received 170 and 166 points, which means that life is more expensive by 70 and 66% of that in New York.

Third place was shared by the Swiss city of Geneva and other Japanese area - cities Osaka and Kobe. Generally the top ten cities are in Asia / Australia and Europe. At the last place in the top 10 is Frankfurt, as life here as EIU is 37% more expensive than in New York.

Oslo and Paris are also among the top ten as well as Sydney, Melbourne and Singapore.

In the top ten but not a single American city. New York falls to 11th place with Chicago and Los Angeles are among the most expensive cities.

In London, maintaining a standard of living seems to be cheaper than is considered normal. British capital fell 2 places from the previous ranking to 17th place with that occupies Brussels, Wellington (New Zealand) and Adelaide (Australia).

On at least two decades Zurich has been headed the list. The reason for this is the first rapid appreciation of the Swiss franc last year, which helped increase the price levels in the Swiss financial capital.

On the lower end of the scale are mainly cities in Asia and the Middle East. At the bottom is Karachi (Pakistan) to 131 th place. The authors of the study here life is 54% cheaper than in New York.