Posted on 27 October 2015.
Zurich and Geneva are the top two costliest cities in the world, followed by New York City, said UBS in its latest report.
Hong Kong ranks the first in Asia and the sixth in the world based on rent and other factors, according to the UBS Prices and Earnings study.
The study, based on the prices of 122 goods and services, studied prices, wages and earners’ purchasing power in 71 cities worldwide.
Here are the top 10 most expensive cities in the world.
10. Sydney, Australia
Price level excluding rent: 80.5
Price level including rent: 72.5
9. Auckland, New Zealand
Price level excluding rent: 82.8
Price level including rent: 67.6
8. Tokyo, Japan
Price level excluding rent: 83.1
Price level including rent: 70.6
7. Chicago, US
Price level excluding rent: 83.5
Price level including rent: 76.7
6. London, UK
Price level excluding rent: 84.7
Price level including rent: 79.5
5. Copenhagen, Denmark
Price level excluding rent: 88
Price level including rent: 74.3
4. Oslo, Norway
Price level excluding rent: 92.9
Price level including rent: 79.9
3. New York, US
Price level excluding rent: 100
Price level including rent: 100
2. Geneva, Switzerland
Price level excluding rent: 106.1
Price level including rent: 91.8
1. Zurich, Switzerland
Price level excluding rent: 108.7
Price level including rent: 92.6
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