Tuesday, August 23, 2011

10th highest cost of living again

Based on UBS Cost of Living Survey for 2011, Singapore again has the 10th highest cost of living in the world (translated: one of the most expensive city in the world). Below shows the top 10 results from that survey:

RankCity
1Oslo
2Zurich
3Geneva
4Copenhagen
5Stockholm
6Tokyo
7Sydney
8Helsinki
9Toronto
10Singapore

We improved by 3 ranks compared to previous year if ranked by purchasing power:

RankCity
1Zurich
2Sydney
3Luxembourg
4Miami
5Los Angeles
6Dublin
7Geneva
8New York
9Chicago
10Nicosia
11Montreal
12Berlin
13Brussels
14Helsinki
15Toronto
16London
17Copenhagen
18Amsterdam
19Frankfurt
20Munich
21Stockholm
22Lyon
23Tokyo
24Vienna
25Madrid
26Oslo
27Milan
28Paris
29Barcelona
30Auckland
31Lisbon
32Dubai
33Taipei
34Tel Avi
35Athens
36Manama
37Moscow
38Johannesburg
39Ljubljana
40Hong Kong
41Rome
42Seoul
43Tallinn
44São Paulo
45Doha
46Prague
47Singapore

We have however dropped by 2 ranks compared to previous year if ranked by personal earnings.

RankCity
1Zurich
2Geneva
3Copenhagen
4Oslo
5Sydney
6Stockholm
7New York
8Luxembourg
9Munich
10Los Angeles
11Frankfurt
12Brussels
13Helsinki
14Toronto
15Montreal
16Dublin
17Amsterdam
18Berlin
19Tokyo
20Chicago
21Miami
22London
23Vienna
24Paris
25Lyon
26Milan
27Nicosia
28Auckland
29Madrid
30Barcelona
31Rome
32Lisbon
33Athens
34Tel Aviv
35Ljubljana
36Seoul
37Dubai
38São Paulo
39Johannesburg
40Taipei
41Moscow
42Singapore

You can see that there is very little change on our personal earnings or purchasing power compared to the previous year. You can take a look at my previous post for the UBS Cost of Living Survey here.

In fact in the Mercer’s 2011 survey, Singapore was the 8th most expensive cities for 2011. We're still the one of the most expensive city in the world, but yet our personal earnings went down. I think it kinda reflects what Singaporeans are feeling in their home country.

1 comment:

Rhinestic said...
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