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World’s Most Expensive City In 2013 (Huffington Post)
New York? London? Moscow? All these cities have one thing in common: They’re insanely expensive. But none of them ranks as the most expensive in the world.
No, that designation is reserved for a city all-too-familiar with the apex of the annual Worldwide Cost of Living Survey, published by the Economist Intelligence Unit. In fact, this year’s No. 1 has held down the title of world’s most expensive city nearly every year since 1992. Aside from current title holder, only Zurich, Paris and Oslo have worn the championship belt in the last two decades.
Last year’s No. 1, Zurich, ascended to the throne of most expensive city in the world thanks to currency fluctuations. But as the EIU explains, efforts to weaken the Swiss franc helped Zurich and Geneva experience the sharpest drops in the rankings, with Zurich tumbling from No. 1 to No. 7, and Geneva falling from No. 3 to No. 10.
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