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20 most expensive cities in the world
In Manila, the philippines, a couple can buy a new wardrobe for $410. In New York City, it would cost $1,550, more than three times as much, says the Business Insider.
These are the kind of results UBS uncovered in its cost of living report, 'A Comparison of Purchasing Power Around the Globe', which looks at prices in 72 major cities and is released every three years, it says.
Let's take a look at some of the most expensive cities in the world.
Source: Business Insider
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20 most expensive cities in the world
Oslo, Norway
Monthly cost of food: $599
Cost of a couple's wardrobe: $2,290
Price of monthly services: $1,270
Average local monthly rent: $1,970
Global rank: 1
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20 most expensive cities in the world
Zurich, Switzerland
Monthly cost of food: $704
Cost of a couple's wardrobe: $2,290
Price of monthly services: $1,120
Average local monthly rent: $2,550
Global rank: 2
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20 most expensive cities in the world
Tokyo, Japan
Monthly cost of food: $927
Cost of a couple's wardrobe: $3,100
Price of monthly services: $930
Average local monthly rent: $1,630
Global rank: 3
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20 most expensive cities in the world
Geneva, Switzerland
Monthly cost of food: $714
Cost of a couple's wardrobe: $2,000
Price of monthly services: $1,080
Average local monthly rent: $1,570
Global rank: 4
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20 most expensive cities in the world
Copenhagen, Denmark
Monthly cost of food: $567
Cost of a couple's wardrobe: $2,100
Price of monthly services: $950
Average local monthly rent: $1,100
Global rank: 5
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20 most expensive cities in the world
New York, the United States
Monthly cost of food: $552
Cost of a couple's wardrobe: $1,550
Price of monthly services: $1,000
Average local monthly rent: $3,350
Global rank: 6
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20 most expensive cities in the world
Luxembourg, Luxembourg
Monthly cost of food: $525
Cost of a couple's wardrobe: $2,400
Price of monthly services: $860
Average local monthly rent: $1,810
Global rank: 7
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20 most expensive cities in the world
Stockholm, Sweden
Monthly cost of food: $553
Cost of a couple's wardrobe: $2,000
Price of monthly services: $890
Average local monthly rent: $1,180
Global rank: 8
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20 most expensive cities in the world
Caracas, Venezuela
Monthly cost of food: $689
Cost of a couple's wardrobe: $1,470
Price of monthly services: $690
Average local monthly rent: $2,100
Global rank: 9
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20 most expensive cities in the world
London, England
Monthly cost of food: $436
Cost of a couple's wardrobe: $1,280
Price of monthly services: $760
Average local monthly rent: $1,980
Global rank: 10
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20 most expensive cities in the world
Helsinki, Finland
Monthly cost of food: $497
Cost of a couple's wardrobe: $1,810
Price of monthly services: $840
Average local monthly rent: $1,440
Global rank: 11
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20 most expensive cities in the world
Frankfurt, Germany
Monthly cost of food: $439
Cost of a couple's wardrobe: $1,730
Price of monthly services: $710
Average local monthly rent: $1,280
Global rank: 12
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20 most expensive cities in the world
Munich, Germany
Monthly cost of food: $500
Cost of a couple's wardrobe: $1,960
Price of monthly services: $710
Average local monthly rent: $970
Global rank: 13
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20 most expensive cities in the world
Paris, France
Monthly cost of food: $523
Cost of a couple's wardrobe: $2,430
Price of monthly services: $710
Average local monthly rent: $1,670
Global rank: 14
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20 most expensive cities in the world
Sydney, Australia
Monthly cost of food: $509
Cost of a couple's wardrobe: $1,400
Price of monthly services: $680
Average local monthly rent: $1,640
Global rank: 15
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20 most expensive cities in the world
Montreal, Canada
Monthly cost of food: $519
Cost of a couple's wardrobe: $1,730
Price of monthly services: $690
Average local monthly rent: $1,360
Global rank: 16
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20 most expensive cities in the world
Vienna, Austria
Monthly cost of food: $504
Cost of a couple's wardrobe: $2,020
Price of monthly services: $680
Average local monthly rent: $950
Global rank: 17
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20 most expensive cities in the world
Milan, Italy
Monthly cost of food: $487
Cost of a couple's wardrobe: $2,040
Price of monthly services: $710
Average local monthly rent: $1,260
Global rank: 18
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20 most expensive cities in the world
Rome, Italy
Monthly cost of food: $497
Cost of a couple's wardrobe: $1,740
Price of monthly services: $690
Average local monthly rent: $1,810
Global rank: 19
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20 most expensive cities in the world
Chicago, Illinois
Monthly cost of food: $460
Cost of a couple's wardrobe: $1,940
Price of monthly services: $770
Average local monthly rent: $1,400
Global rank: 20