For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

|

The Worldwide Cost of Living 2020 report by the Economist Intelligence Unit (EIU) suggests how the coronavirus pandemic has brought about a change in the cost of living in as many as 130 cities globally since the beginning of 2020. The Worldwide Cost of Living by the EIU is a biannual survey that compares over 400 individual prices across some 138 products and services in over 130 cities across the globe.

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living
 

Similar to last year, three cities share the top spot as the most expensive city to live in the world. In the top spot are Zurich, Paris and Hong Kong, which has retained its last year's top ranking. Zurich and Paris have taken over the spot of Singapore and Osaka, which have moved down to 4th and 5th rank, respectively.

The trends which have resulted in a change in cost of living in these cities include

1. Fluctuations in currency

2. Supply chain issues including scarcity of certain goods such as pasta and toilet roll

3. Government's measures such as price curbs

4. Precautionary stance of the general public on fears that the pandemic could have a hit on their income stream

5. Lifestyle changes

Here's the list of top 10 expensive cities across the world

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

1. Zurich: Zurich in Switzerland is the most expensive city in the world with World cost of living (WCOL) index at 103.

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

2. Paris: Paris in France is also at the top spot in most expensive cities' in the world ranking. WCOL index is 103

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

3. Hong Kong: Hong Kong in China is also ranked on the top spot. WCOL index is 103

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

4. Singapore: At 4th rank, WCOL index is 102

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

5. Tel Aviv: At 5th rank, this city in Israel has WCOL index of 101

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

6. Osaka: At 5th rank, WCOL index is 101

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living


 

7. Geneva: At Rank 7, this city in Switzerland commands a WCOL of 100

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

8. New York: This US city ranked seventh also has a WCOL index of 100

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

9. Copenhagen: Ranked 9th, WCOL in this Denmark city is at 96

Top 10 Most Expensive Cities Globally In 2020 As Covid 19 Alters Cost Of Living

10. Los Angeles: On the same 9th spot, the WCOL index here is also 96

GoodReturns.in

Read more about: coronavirus cost of living
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X