MacroScope

Tokyo and Osaka: most expensive cities in the world

July 7, 2009

Perhaps largely to a surge in the yen, Tokyo is back as the most expensive city in the world, followed by Osaka which made a leap from last year when it ranked 11th in the cost of living survey by consultants Mercer.

Moscow falls to the third from the top, while New York jumps to the eighth from the 22th last year.

Lagos (32) and Abidjan (34) are more expensive than San Francisco (34) or Luxembourg (38) while Bratislava (30) and Algiers (40) come higher than Frankfurt (48) or Washington (66).

Birmingham (125) and Wellington (139) are cheaper than Guatemala City (119) or Bogota (120).

Residents in Tokyo would pay £3,751.28 a month to rent a luxury two-bedroom unfurnished appartment while those in Johannesburg would pay just £624.16. A cup of coffee, including service, costs £4.08 in Paris, while it is just £1.80 in Sydney.

Warsaw is the cheapest place to buy a litre of pasturtised whole milk, above 2.5 pct fat (£0.55) while Beijing is the most expensive (£1.82) and Tokyo the second most expensive (£1.79).

Comments
One comment so far | RSS Comments RSS

Who cares about a Dollar more or less, we’ve got plenty and if we need more, then our government uses a machine called a printing press, they simply crank up the speed and we can all live in Tokyo.

 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/