Senior Travel: World’s Most Expensive Cities

Jul 13th, 2010 | By James E Becker | Category: Senior Travel

The World’s Most Expensive Cities for 2010 finds that Americans overseas, exchange rates and cost-of-living adjustments can make traveling or living overseas much more expensive than back home.  I know personally that a visit to New York City will ask you to come with a full purse, however NYC ranks only No. 29 on this list of most costly cities.  Wow, 29th!  

If you think $43 is too much to pay for lunch, you shouldn’t live in Oslo.  According to ECA International, a global human resources company, that’s how much an average lunch costs in Norway’s capital. But Oslo is only the second-most expensive city on ECA’s ranking of 399 global locations. And while the price of an average lunch in Tokyo is a comparatively modest $17.86, other costs, such as a $22 movie ticket and an $8.47 kilo of rice, earn it the dubious honor as the world’s most expensive city.

A friend and I had a frugal lunch in a small diner in Tokyo and we were shocked when we got our bill for $110 EACH!  All we ate were several types of tempura.  The strength of the yen has brought Tokyo back to the No. 1 spot on ECA International’s ranking for the first time since 2005. In addition to the costs above, rent for a two-bedroom apartment for expats is typically more than $5,000 per month in Tokyo.  

Business Week rates 30 cities in the world for being the most expensive as well.  Can you make a list and maybe come up with half of them as I did?  Here is the list along with a photo and short explanation on each.  My beloved Paris ranked #16.   France’s cultural and business hub, it attracts a huge numbers of visitors and greater Paris is home to such companies as automaker PSA Peugeot Citroën, Société Générale, and BNP Paribas, which employs many people in the area. In addition to daily expenses, EuroCost International estimates the average cost to rent a two-bedroom apartment is at least $2,100 per month. Bring lots of Euros along for Paris.

A huge surprise to me was Luanda, Angola; that city ranked No. 3 on the list. The average expat pays more than $3,500 per month for a two-bedroom flat in Luanda.  

ECA’s ranking is based on a basket of 128 goods that includes food, daily goods, clothing, electronics, and entertainment, but not rent, utilities, and school fees, which are not typically included in a cost-of-living adjustment.  Enjoy.    jeb



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