The Economist Intelligence Unit (EIU) is out with their annual Worldwide Cost of Living Survey (registration required) and Asia and Europe top the list with the world's most expensive cities to live in. The top five most expensive cities are (from most to least):
1. Tokyo, Japan
2. Osaka, Japan
3. Sydney, Australia
4. Oslo, Norway
5. Melbourne, Australia
While Europe is well represented in the top ten, the EIU notes that Asia is gaining fast. Ten years ago, they note, there were no Australian cities in the top 50, let alone the top five. North America, by contrast, fails to crack the top 20.
South Asian states, particularly India, have some of the least expensive cities to live in. But who earns the bottom spot as the least expensive city in the world to live in?
Tehran, Iran. Karachi, Pakistan and Mumbai, India.
You can purchase the full report here.
(An earlier version of this post referred to Tehran as the least expensive city: it is the eighth least expensive, according to the EIU.)