"For one month in that two-bedroom apartment in Tokyo, you'll
drop a stunning $4,501. In Paris, you can expect to pay $2,422 and
in Beijing about $3,700.
The same flat in London will cost you about $3,603, whereas in New
York you'll pay about $3,500.
The best deals are in Buenos Aires or Johannesburg, where such an
apartment will only cost you about $600.
A cup of coffee with table service, meanwhile, will run you about
$3.30 in New York, $5.48 in Tokyo and $1.10 in Buenos Aires.
"
A two-bedroom HDB flat rental will probably be S$800? or
US$465
A two-bedroom private apartment rental - $2000 -$3000? US$1163 -
$1744
A cup of coffee with table service in a kopitiam only S$0.80 or
US$0.47.
So actually, Singapore has a very low cost of living as compared to
other cities!! Why is everybody complaining that we have a high
cost of living????
World's most expensive cities
Tokyo No. 1 again, Asuncion least expensive; in U.S., New York, Los
Angeles, Chicago are costliest.
June 14, 2004: 2:36 PM EDT
NEW YORK (CNN/Money) - Expensive living is yours for the taking if
you're an ex-pat living in Tokyo, London and Moscow.
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If you were a globe trotter, which most expensive city would you
live in?
Tokyo
London
Moscow
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Those three cities ranked as the most expensive in the world,
according to the latest annual cost-of-living survey released
Monday by Mercer Human Resource Consulting.
The three least expensive cities were Asuncion, Paraguay;
Montevideo, Uruguay; and Santo Domingo, Dominican Republic.
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The survey looked at 144 cities across the globe. Mercer conducts
the survey to help companies and governments with offices around
the world determine compensation levels for ex-patriate
workers.
Among U.S. cities, New York, which ranks No. 12 worldwide, is the
most expensive.
Other cities that ranked as among the most expensive are Los
Angeles, Chicago and San Francisco.
Pittsburgh, meanwhile, was the least expensive city in the
country.
Mercer noted that U.S. cities dropped in their worldwide rankings
relative to last year because of the depreciation of the dollar
against European, Canadian and Asian-Pacific currencies.
Appreciation in local currencies also accounted for a big change in
other cities' worldwide rankings.
The strength of the Canadian dollar pushed Toronto up to 89th from
104th last year, and Vancouver up to 96th from 110th.
Changes were even more dramatic for cities in Australia and New
Zealand. Sydney, for instance, rose to 20th from 67th. Auckland,
meanwhile, climbed to 80th from 115th.
The cost of living?
Mercer's researchers priced a basket of more than 200 goods and
services in each city that reflects expatriate spending
habits.
The goods and services include the monthly rent for a two-bedroom
luxury apartment unfurnished, the cost of a hamburger, the price of
transportation and entertainment.
For one month in that two-bedroom apartment in Tokyo, you'll drop a
stunning $4,501. In Paris, you can expect to pay $2,422 and in
Beijing about $3,700.
The same flat in London will cost you about $3,603, whereas in New
York you'll pay about $3,500.
The best deals are in Buenos Aires or Johannesburg, where such an
apartment will only cost you about $600.
A cup of coffee with table service, meanwhile, will run you about
$3.30 in New York, $5.48 in Tokyo and $1.10 in Buenos Aires.