Sydney, Australia’s most expensive city

Sydney Opera House

Thursday 5 March 2015

Sydney has been rated as Australia’s most expensive city by The Economist.

In the Economist’s Worldwide Cost of Living 2015 report, Singapore retained its position as the most expensive city in the world.

Sydney came in fifth in the world and first in Australia, followed by Melbourne at the sixth position.

The top five spots remain unchanged from last year.

The 10 most expensive cities in the world

1. Singapore
2. Paris, France
3. Oslo, Norway
4. Zurich, Switzerland
5. Sydney, Australia
6. Melbourne, Australia
7. Geneva, Switzerland
8. Copenhagen, Denmark
9. Hong Kong
10. Seoul, South Korea

The 10 cheapest cities in the world

1. Karachi, Pakistan
2. Bangalore, India
3. Caracas, Venezuela
4. Mumbai, India
5. Chennai, India
6. New Delhi, India
7. Tehran, Iran
8. Damascus, Syria
9. Kathmandu, Nepal
10. Algiers, Algeria

To download a copy of the Worldwide Cost of Living Report 2015, please visit http://www.eiu.com/wcol2015.