Summary of Worldwide Cost of Living 2016

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Recommendation

Whether you’re a tourist, expat or corporate manager in charge of far-flung operations, this twice-yearly survey from the Economist Intelligence Unit on the cost of living in world-class cities is required reading. The report’s research on more than 160 day-to-day expenditures reveals shifting patterns in the prices of food, housing, entertainment and other living expenses in major cities. getAbstract recommends this concise overview to financial and HR executives responsible for crafting employee compensation and relocation packages, as well as travel expense budgets.

In this summary, you will learn

  • Which cities around the world have the highest and lowest costs of living in 2016, and
  • What developments during 2016 could affect the cities’ standings.
 

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

The latest survey of the costs of living around the world – covering outlays for groceries, rent, utilities, household maintenance, child care, schooling, entertainment, transportation and other everyday items – reveals that Singapore remains the world’s most expensive city. Residents face especially high charges for automobile ownership and maintenance, utilities, and clothing. Zurich and Hong Kong share second place, and Geneva, Paris, London, New York, Copenhagen, Seoul and Los Angeles, in that order, complete the top 10 list.

In 2016, the 10 least...


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