What is the world's most expensive city?

From fashion to running the car, which city will hurt your wallet the most?


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.

See also: The 10 most expensive and cheapest cities to live

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