Copenhagen breaks into top ten most expensive cities list
According to the Worldwide Cost of Living index published by the Economist Intelligence Unit think-tank, Copenhagen is one of the world’s top ten most expensive cities in the world.
The biannual index, which among hundreds of other parameters, measures how expensive the price of food products, housing and transport are in 131 cities around the world, ranked the Danish capital in tenth place.
It’s the first time that a Danish city has made the top ten on the Economist Intelligence Unit’s list, which in recent years has ranked Copenhagen somewhere between 11 and 25. This time last year the capital was ranked 15th.
Singapore on top
In a top ten dominated by Asian and European cities, Singapore is top, followed by Paris, Oslo, Zurich, Sydney, Caracas, Geneva, Melbourne and Tokyo, which fell from its top spot in the previous index rankings.
“A mood improvement in many European cities combined with the continued growth in several Asian hubs means that these two regions are still producing the majority of the world’s most expensive cities,” Jon Copestake, the editor of the report, said.
At the other end of the spectrum, Mumbai, Karachi, New Delhi, Damascus and Kathmandu are the cheapest cities to live in.