These are the top 10 expensive cities of 2022.
In the U.S., inflation was 8.6% last month and one of the highest in the world. But it’s not the only nation to feel the brunt of high costs. Data and mobility company ECA International has released a list of the world’s most expensive cities in 2022 and New York features in the prominent second position. However, Asian cities dominate the list with Hong Kong again taking the crown.
ECA has researched the cost of food, clothing, electric goods, utility costs, transport, household goods, meals out, and alcohol, among others, to calculate the cost of living that expats are paying across 207 cities in 120 countries. The report explains, “This comparison of cost of living is calculated on a base composed of various developed countries and is used to reflect an international lifestyle. Other indices available from ECA reflect specific city-to-city comparisons and different levels of shopping efficiency.”