New York, Sydney, San Francisco: World’s 10 most expensive cities to live in 2022

New York City and Singapore were ranked the most expensive cities to live in the world, according to a new report. 

The Worldwide Cost of Living survey by the Economist Intelligence Unit (EIU) compares more than 400 prices across 200 products and services and over 172 cities.

This is the first time New York has made the list, with both cities knocking Tel Aviv out of the top spot due to rising inflation and stronger currencies.

On the West Coast, Los Angeles rose from the ninth slot to the fourth and San Francisco is ranked the eighth most expensive.

U.S. cities placed higher this year due to the strong dollar, including San Diego and Boston.