Singapore: Most Expensive

The Economist Intelligence Unit (EIU) determines the world’s most expensive city every year and publishes a list of them. For the 5th year in a row Singapore is #1.  To complete its survey, the EIU prices 150 local items in 133 cities, things like bread, cigarettes and gas.  People who work in these cities often need salary increases to be able to afford working, and sometimes living, there.

Our son’s company recently moved its corporate headquarters to New Jersey.  The cost of living there is much higher than where the company was originally.  This has forced a lot of the employees who moved with the company to live in Philadelphia and drive to work in New Jersey daily.  This will become more and more difficult.

I heard about Singapore’s placement but did not know the other 9 cities on the top 10 list.  I had to look them up and was surprised that New York wasn’t among them.  It slipped to #13 this year.  The others on the list are Paris at #2, the Zurich, Hong Kong, Oslo, Geneva, Seoul, Copenhagen, Tel Aviv, and Sydney at #10.  Ruth and I visit Sydney often and already know it’s expensive.  A paperback book there can cost $40 and dinner in a good restaurant is routinely more than $100.

The EIU points out that Asian cities are seeing a cost of living uptick because their economies are expanding.   I imagine that Crazy Rich Asians, an outrageously successful movie, was filmed in Singapore because it features price-insensitive characters who would value its reputation for being the most expensive city in the world.  The city is almost a co-star in the film.

The cheapest cities on the EU list, like Bangalore, Chennai, and New Delhi, are in Asia.   Lagos and Algiers in Africa made the cheaper list.  If you want to visit a cheap European city, go to Bucharest.

 

Hank

 

About roadsrus

Since the beginning, I've had to avoid writing about the downside of travel in order to sell more than 100 articles. Just because something negative happened doesn't mean your trip was ruined. But tell that to publishers who are into 5-star cruise and tropical beach fantasies. I want to tell what happened on my way to the beach, and it may not have been all that pleasant. My number one rule of the road is...today's disaster is tomorrow's great story. My travel experiences have appeared in about twenty magazines and newspapers. I've been in all 50 states more than once and more than 50 countries. Ruth and I love to travel internationally--Japan, Canada, China, Argentina, Hungary, Iceland, Italy, etc. Within the next 2 years we will have visited all of the European countries. But our favorite destination is Australia. Ruth and I have been there 9 times. I've written a book about Australia's Outback, ALONE NEAR ALICE, which is available through both Amazon & Barnes & Noble. My first fictional work, MOVING FORWARD, GETTING NOWHERE, has recently been posted on Amazon. It's a contemporary, hopefully funny re-telling of The Odyssey. View all posts by roadsrus

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