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World’s Most Expensive City - Singapore top fifth consecutive year, Kenya leads Africa - Survey
World’s Most Expensive City - Singapore top fifth consecutive year, Kenya leads Africa - Survey

Nairobi Africa’s Most Expensive City - as Singapore tops global chart for fifth consecutive year

Singapore remains the World’s Most Expensive City for the fifth year running, according to the latest findings of the Worldwide Cost of Living Survey from The Economist Intelligence Unit.

The  survey, which compares the price of over 150 items in 133 cities around the world, found that Singapore was 16% more expensive than the benchmark city of New York. Three other cities from the Asia-Pacific region (Hong Kong, Seoul and Sydney) appear in the top ten, along with five cities from Europe.

Paris, the only euro-area city among them, has risen from seventh position last year to second. It remains extremely expensive to live there: only alcohol, transport and tobacco offer value for money compared with other European cities. Tel Aviv, which was ranked 34th just five years ago, completes the top ten.

It is the second-most-expensive city in the survey in which to buy alcohol, and the cost of buying, insuring and maintaining a car pushes transport costs 79% above those in New York.

With the dollar weakening against other currencies, no city in the United States ranks among the ten most expensive cities, although New York and Los Angeles remain highly ranked in 13th and 14th place respectively, compared with ninth and 11th last year.

The latest survey reflects a fall in ranking for all 16 of the American cities surveyed except Boston. Domestic help and utilities, however, remain expensive, with American cities accounting for nine and five of the top ten entries, respectively, for these categories.

African ranking

On the African continent, Nairobi (Kenya) was ranked the most expensive city in 77th place overall followed by Abidjan (Cote d'Ivoire), Dakar (Senegal), Johannesburg (South Africa), Pretoria (South Africa), Lusaka (Zambia) and Lagos. Ghana was not rated in the Index.

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