Overview
If you feel like the general cost of living is on an endless journey upwards, well, you'd be right on the money (or lack thereof). In news that's surprising to pretty much no one, Sydney and Melbourne have again outdone themselves, both trumping their earlier positions on an index of the world's most expensive cities.
The list, which is one of many that index cost of living, is put together by the world's biggest price aggregation website Numbeo. This year sees Sydney shoot to number 32, soaring past last year's ranking of 41, and Melbourne also surged ahead, moving from last year's 77th position to become the world's 64th most expensive city in 2018. The Gold Coast was the least expensive local city in the index, ranking at 180.
To create the Cost of Living Index, Numbeo looked at a range of factors, surrounding things like food, lifestyle, housing, salaries and taxation. Hamilton in Bermuda topped the list, followed closely by five different Swiss cities.
In the breakdown, Sydney's hefty rental prices were named the 16th highest in the world, with a one-bedroom city apartment averaging $2619 a month. If that makes you cringe, spare a thought for London (ranked 10th on the rent index) where the same sort of pad costs $2876 a month, or the top-ranking city of San Francisco, where you'd be forking out $4113.
Meanwhile, Hobart was named Australia's most expensive city for dining out and 26th in the world, with a two-person feed at a mid-range restaurant averaging about $100. In this lineup, Perth ranked 46, while Melbourne and Sydney clocked in at numbers 79 and 80 respectively.
When it comes to the average cost of a new set of wheels, Sydney ranked 188th in the world, with Perth edging in at number 202. Canberrans have it better than any other Aussie city in this department, taking out 226th ranking.
To check out the full list, visit numbeo.com.