Zurich is the "most expensive city" in the world. (photo by Daily Mail)
Zurich is still the "most expensive city" in the world, regardless of the high rents, according to Aussa and the Daily Mail, according to the latest ranking of the cost of living in 77 major cities around the world by (UBS), the Swiss bank. Residents spend an average of $4260 a month. Sydney ranked 11th in the world.
Zurich was followed by another Swiss city, Geneva, which, regardless of rent, spent an average of $4165 a month. Nordic cities-Oslo and Copenhagen-are third and fourth, with residents spending an average of $3958 and $3897 a month, respectively. In the first five finalists in New York, residents spent an average of $3673 a month.
The biggest cities with the lowest cost of living are Cairo and Laos. The cheapest European city is Kiev.
List of high-cost-of-living cities in the world. (photo of the Daily Mail)
Surprisingly, Los Angeles residents have the strongest purchasing power in terms of purchasing power. In the world's 20th-highest price city, high wages offset the effects of high prices. Los Angeles also ranks 10th in the world on average disposable income.
Los Angeles residents have the strongest purchasing power in the world.
Although Zurich is the world's most expensive city, the purchasing power of residents ranks second in the world, thanks to high wages and lower taxes than other cities.
London is the eighth-most expensive city in the world, and the average salary of its inhabitants is only 24th, so Londoners' purchasing power is only 23. 5 per cent worldwide.
Sydney performed slightly better than London. The cost of living in the city ranked 11th in the world, with residents' wages ranking 16th. As a result, Sydney still ranks 13th in the world in terms of purchasing power despite high house prices.
Sydney's cost of living ranks 11th in the world.
In terms of rent levels, Hong Kong topped the list without suspense, with residents spending an average of $4000 a month, followed by New York and Paris.
UBS also collected data from 11 major cities around the world to find out which city is the best place for millennials to buy essential equipment, such as iPhone, laptops and Netflix services. Hong Kong, which has a higher cost of living, won an unexpected victory.