The most recent ranking from the Economist Intelligence Unit (EIU) places Auckland and Wellington, both cities in New Zealand, at the joint 47th plac
The most recent ranking from the Economist Intelligence Unit (EIU) places Auckland and Wellington, both cities in New Zealand, at the joint 47th place in terms of the world’s most expensive cities. This is a slight drop from their joint 37th place in the previous year’s ranking. The report, which assesses the cost of living across 172 major cities worldwide, indicates that price rises have not significantly moderated in 2023 for Australia and New Zealand.
The top 10 most expensive cities according to the EIU are:
- Singapore, Zurich
- Geneva, New York
- Hong Kong
- Los Angeles
- Paris
- Copenhagen, Tel Aviv
- San Francisco
It’s noteworthy that Damascus, Syria, is considered the cheapest city on the list. The ranking reflects the cost of various goods and services in these cities, contributing to the overall cost of living.
