Out of 131 cities worldwide, Singapore has topped the list as the most expensive city to live in this year.
According to the Economist Intelligence Unit (EIU), in 2014, Singapore will set you back the most to to reside in, pay utility bills, purchase clothes and run your own vehicle.
In 2013, Tokyo topped the list.
Unsurprisingly, Paris came in second, followed by Oslo, Zurich and Sydney with soaring average living costs, while Tokyo slipped to sixth place, but is still considered expensive due to the cost of food.
The EIU's Worldwide Cost of Living Survey collates data from over 400 individual price points -- including electricity, clothes and gas. In recent times, Asian, European and Australasian cities have dominated the rankings.
However, not all cities in Asia are expensive to relocate to. For example, India's largest cities, including Mumbai, are very cheap to live in, due to low wages and government subsidies.
Read on: BBC
Image credit: Flickr/jjcbaron
This post was originally published on Smartplanet.com