Which Cities Around the World are Most Expensive to Live In?
Summary from the AllSides News Team
According to a report in The Economist (Lean Left bias), New York City and Singapore are the world's most expensive cities to live in.
Key Quotes: Supply chain disruptions and Russia's war in Ukraine "combined together placed a lot more pressure on access to goods and availability of products that account for [the] very basic necessities of people. And both of these together, then drove inflation across the world,” said Upasana Dutt, head of Worldwide Cost of Living at the Economist Intelligence Unit (EIU).
For Context: The EIU compares more than 400 prices across 200 products and services in over 172 cities in their Worldwide Cost of Living survey.
How the Media Covered it: Sources from across the political spectrum covered the survey results, and noted the impact of both the lingering effects of the COVID-19 pandemic and Russia's war in Ukraine. Right-rated outlets focused more on how record-breaking U.S. inflation has affected the cost of living.
Featured Coverage of this Story
From the Right
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...
From the Center
Singapore and New York are the most expensive cities to live in, EIU says
Singapore has once again been ranked as the most expensive city to live in, sharing the top spot with New York City this year, according to the Economist Intelligence Unit (EIU).
This is the eighth time in 10 years that Singapore topped the list. Both Singapore and New York City knocked last year’s leader, Tel Aviv, down to third place thanks to higher inflation and stronger currencies, the EIU reported in its new Worldwide Cost of Living survey of 172 cities.
According to the survey, the average price of goods in local...
From the Left
These are the world's most expensive cities to live in 2022
It seems like every month when household bills come due, we grumble about how the cost of living has gone up again.
But it's not just anecdotal. According to this year's Worldwide Cost of Living Index, released by the Economist Intelligence Unit (EIU), the average cost of living is up 8.1% in 2022, owing to the Russian war in Ukraine and the lingering effects of the pandemic.
In other words -- no, it's not just you.
"The war in Ukraine, Western sanctions on Russia and China's zero-Covid policies have caused supply-chain problems that,...
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