New York: Last month, data company Numbeo released its annual Cost of Living Index by City.
The final ranking was determined using data from January 2024 through mid-year. The index is historical and will be updated periodically. Number used the cost of living in New York City as a baseline and gave it a score of 100. Every other city was scored based on how much more or less expensive it was compared to the Big Apple.
Cities were scored across the following indexes:
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Cost of living
Rent
Cost of living plus rent
Groceries
Restaurant price
Local purchasing power
The United States has the highest number of cities ranked, claiming seven of the top 10 spots.
10 most expensive cities in the world: From 1 to 10
Geneva, Switzerland
Zurich, Switzerland
New York, New York
San Francisco, California, United States
Boston, Massachusetts, United States
Reykjavik, Iceland
Washington D.C., United States
Seattle, Washington, United States
Los Angeles, California, United States
Chicago, Illinois, United States