dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Cities

The World’s Most Expensive Cities 2020

  • March 25, 2020
Total
0
Shares
0
0
0

Three cities share the title of being the most expensive city in the world. This is according to Worldwide Cost of Living 2020, a survey by The Economist Intelligence Unit (EIU) compiled last November 2019.

Which cities are these to be exact? Let’s see for ourselves.

Highlights

Cities were ranked based on their Worldwide Cost of Living (WCOL) Index scores. WCOL Index is a measure of a city’s cost of living formulated by the EIU.

Singapore, Hong Kong, and Osaka triple-tied in the first spot, with all of them obtaining a WCOL Index score of 102. Singapore and Hong Kong are both heavily boosted by their strong tourism industries. This, consequently, also increased their costs of living.

Meanwhile, the strengthening of the yen in the previous year propelled Tokyo from its previous rank of 13 in last year’s report to the top spot for this year. This kicked Paris out of the Top 3 spot.

New York is in fourth place with a score of 100. Formerly-top-three Paris is now tied with Zurich in fifth place, both scoring 99. Tel Aviv is in seventh place, scoring a 97. Lastly, Los Angeles joins New York as another U.S. city in the most expensive list, positioned at eighth place with a score of 96.

On the flip side, the cheapest city to live in is Syria, with a score of 25, retaining its position from last year’s survey. Syria is followed by Uzbekistan with a score of 30, Kazakhstan with a score of 34, and Argentina and Pakistan, both with a score of 35.

It is important to note that this survey was conducted just before the on-going COVID-19 pandemic so its effects were not taken into account in the computations. With most of these cities belonging to countries heavily affected by the disease, it is clear that the costs of living would most likely decrease for this year.

Methodology

In order to create the Index, EIU field correspondents collected prices of products and services across 145 cities in 90 countries.

Data was collected to cover a wide range of stores including supermarkets, mid-priced stores, and specialty outlets. Actual prices —not the recommended retail prices —  of more than 160 items were collected per city.

The prices were weighted and compared using US dollars with the appropriate exchange rates at the time.

For the Index, New York was used as a baseline. By default, it is assigned a score of 100. The difference between a city’s score and New York’s score corresponds to the percentage points that a city’s average prices are lower or higher than New York’s.

For instance, Singapore scored 102. This means that its average prices are two percentage points higher than the average prices of New York. As another example, Syria scored 25, this means its average prices are 75 percentage points lower than that of New York.

If you want to know more about the survey and to access country-wide information, you can check out EIU’s report.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Cost of Living
  • Expensive
  • Hong Kong
  • Osaka
  • Singapore
  • World's Most Expensive Cities
dotlah.com

Previous Article
  • Cities

Life In A Big City When You Are A Student

  • March 25, 2020
View Post
Next Article
  • Lah!
  • Technology

Singapore Fighting Covid-19 With Fortitude

  • March 26, 2020
View Post
You May Also Like
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Cities

Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong

  • dotlah.com
  • June 4, 2025
View Post
  • Cities
  • Politics

Singapore businesses eye more investments in PH, says PM Wong

  • Dean Marc
  • June 4, 2025
View Post
  • Cities
  • Research

Mathematicians uncover the logic behind how people walk in crowds

  • dotlah.com
  • April 3, 2025
“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch
View Post
  • Cities
  • Technology

“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch

  • John Francis
  • January 6, 2025
View Post
  • Cities

Popes were once confined to Rome. Now they travel the world – and Francis’ current journey is particularly significant

  • dotlah.com
  • September 13, 2024
Singapore
View Post
  • Cities
  • Economy

South Africa’s new pension rules: Australia, Chile and Singapore show how personal savings can grow the economy

  • dotlah.com
  • August 30, 2024
Singapore
View Post
  • Artificial Intelligence
  • Cities
  • Technology

These 5 cities are making innovative use of generative AI

  • dotlah.com
  • July 29, 2024


Trending
  • 1
    • Lah!
    • Technology
    Using Indoor Air Sampling Surveillance To Sniff Out COVID-19
    • October 9, 2021
  • 2
    • Cities
    • Lah!
    AVS Finalises Licensing Conditions For Pet Breeding And Boarding Industries, And Is Seeking Feedback For Dog Rehoming And Adoption Practices
    • October 9, 2021
  • NASA Launch 3
    • People
    • Technology
    Most Americans Support NASA – But Don’t Think It Should Prioritize Sending People To Space
    • August 6, 2023
  • 4
    • Cities
    The Impact Of COVID-19 On Future Mobility Solutions
    • May 16, 2020
  • nobel-prize-popular-physics-prize-2024-figure1 5
    • Artificial Intelligence
    • Featured
    • Features
    • Machine Learning
    • Software
    • Technology
    They Used Physics To Find Patterns In Information
    • October 9, 2024
  • 6
    • Lah!
    SGX RegCo And Nasdaq Announce Regulatory Cooperation To Help Companies Access Capital In Both Jurisdictions
    • July 22, 2020
  • 7
    • Lah!
    Designers To Get Greater Assurance In Industrial Designs Protection As Singapore Signs On To The Locarno Agreement
    • February 12, 2020
  • 8
    • Cities
    • Society
    New Insurance Coverage For Inbound Travellers To Cover COVID-19 Related Costs In Singapore
    • November 19, 2020
  • 9
    • Cities
    • Lah!
    How Singapore is securing its food supply with rooftop farms
    • June 4, 2019
  • 10
    • Technology
    Big Tech Antitrust Hearings, A NOT Wallstreet Or Mainstreet Viewpoint
    • August 3, 2020
  • insurance-policy-pexels-vlad-deep-10341357 11
    • Cities
    • People
    Why South Carolina Has Some of the Worst Drivers (and How It Impacts Car Insurance Rates)
    • June 27, 2023
  • 12
    • Technology
    Deputy Prime Minister Heng Swee Keat launches Singapore’s Safer Cyberspace Masterplan 2020
    • October 7, 2020
Trending
  • 1
    Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how
    • August 25, 2025
  • French Fries 2
    Air Fryer: The One Cooking Appliance to Rule Them All – Best All-Around Picks in 2025
    • August 22, 2025
  • 3
    Samsung Electronics Debuts Odyssey G7 Monitors, Showcasing Top Games on Its Displays at Gamescom 2025
    • August 20, 2025
  • 4
    HP Cranks Up the Game with Smarter Systems, Cooler Builds, and Gear That Hits Different
    • August 14, 2025
  • 5
    New Trump tariffs: early modelling shows most economies lose – the US more than many
    • August 6, 2025
  • Scuba Diving 6
    Wetsuit or Drysuit? As always, it depends. This quick guide can help you choose.
    • August 2, 2025
  • 7
    Thoughts on America’s AI Action Plan
    • July 24, 2025
  • 8
    Introducing Surface Laptop 5G: Seamless connectivity, built for business
    • July 23, 2025
  • 9
    Press Start (Or Hit Enter)! Your Go-To Loadout for Streamers and Gamers.
    • July 19, 2025
  • 10
    ESWIN Computing launches the EBC77 Series Single Board Computer with Ubuntu
    • July 17, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.