New York, Los Angeles, and San Francisco Rank Among Top 10 Most Expensive Cities in 2023
As of the latest Economist Intelligence Unit’s Worldwide Cost of Living report for 2023, New York, Los Angeles, and San Francisco continue to hold their positions as some of the most expensive cities worldwide . The report, conducted between August 14 and September of 2023 and based on data from 173 major cities, reveals noteworthy shifts in the global cost of living landscape. New York, a perennial contender for the top spot, now shares the third position with Geneva, down from its tie for first place with Singapore in the previous year. Zurich claimed the first rank, displacing both New York and Singapore, attributed in part to the robust Swiss franc and elevated prices for groceries, household goods, and services, as outlined in the report. Noteworthy factors influencing this trend While Los Angeles secured the sixth position on the list, San Francisco landed in the tenth spot, solidifying their status as some of the costliest places to reside globally. The survey ...