This Cost of Living Report Says Sydney Is Now the 10th Most Expensive City in the World
It beat out New York and London to get there.
March 16, 2018
It sure is no secret that Sydney's a pretty exxy place to call home. But here's some news to make you really start plotting that move interstate: a recent report on the cost of living has stuck it right up at number 10, above both New York and London. That's right, all your mates battling those killer Hackney rent prices now, apparently, have it better than you.
As The Guardian reported this week, the Economist Intelligence Unit's 2018 study pushed our harbour city up four spots higher than in the same list last year, seeing it crack the top ten for the first time ever. This comes after another pice aggregation website Numbeo saw Sydney and Melbourne move up on its list too.
The study compared prices across more than 150 products and services, looking at things like food, transport, utilities, clothing and rent in all the major cities.
Singapore has again claimed the title of the world's most expensive city, followed by Paris, which jumped five points, and Zurich, which climbed one position.
New York swapped last year's number nine ranking for a spot in 13th, while at number 30, London scored its lowest position in two decades — a fall the report's authors say has a lot to do with a little thing called Brexit.
Via The Guardian.
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