Sunday, July 22, 2018
The world's most expensive city to live in has been revealed, and it's not the tourist hot spots of London or New York.
New research has revealed that Hamilton, the capital of the tiny Atlantic island of Bermuda, is the most costly in the world to live in - for the fourth year in a row.
The study found that Hamilton has the highest prices for living costs such as transport, food and utilities. It is also ranked as having the most expensive restaurants in the world.
The Bermudan capital is one of the smallest cities in the world and attracts both residents and tourists thanks to its status as a tax haven and having spectacular scenery.
The research was released in Numbeo's mid-year Cost of Living Index, which ranks cities using New York City as standard.
Following Bermuda are five cities in Switzerland - Zurich, Basel, Lausanne, Bern and Geneva.
The Icelandic capital Reykjavik is seventh in the ranking followed by Lugano in Switzerland.
The top ten is rounded off by the Norwegian cities of Stavanger and Oslo.
The first US city on the list is New York City and coming in the top ten are San Francisco (14th), Honolulu (15th), Anchorage (16th), Brooklyn (17th), Washington DC (18th) and Santa Rosa in California (19th).
Surprisingly there were no British or Australian cities in the top 20. The highest ranked in the UK is London in 34th place and in Australia it is Sydney in 40th place.
At the other end of the rankings, Thiruvananthapuram in India was found to be the least expensive with fellow Indian cities Vadodara, Kochi, Visakhapatnam and Navi Mumbai also at the bottom of the rankings
Posted by ASC at 10:00 AM