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Vancouver most expensive city in North America, 21st in the world

By Vancity Buzz Staff | 8:56 am PST, Tue February 5, 2013 | Speak Up

In another study Vancouver has been crowned the most expensive city in North America, ahead of both New York and Los Angeles, which tied for 27th on the annual EIU Worldwide Cost of Living Survey. Worldwide, Vancouver ranked 21 on the list. In the previous survey Vancouver ranked 37th worldwide.

Asian and European cities continued to dominate the top 20 as Asian cities claimed 11 of the world’s 20 most expensive cities.  Europe had 8 cities make the top 20.

The Worldwide Cost of Living survey is released twice a year by the EIU and compares hundreds of prices across 160 products and services, including items such as food, drink, rentals, utility bills, schooling costs and household supplies.

Top 10 most expensive cities in the world

1. Tokyo, Japan (+1 place)
2. Osaka, Japan (+1)
3. Sydney, Australia (+4)
4. Oslo, Norway (+1)
4. Melbourne, Australia (+4)
6. Singapore (+3)
7. Zurich, Switzerland (-6)
8. Paris, France (-2)
9. Caracas, Venezuela (+25)
10. Geneva, Switzerland (-7)

Top 10 least expensive cities in the world
1. Karachi, Pakistan
1. Mumbai, India
3. New Delhi, India
4. Kathmandu, Nepal
5. Algiers, Algeria
5. Bucharest, Romania
7. Colombo, Sri Lanka
8. Panama City, Panama
9. Jeddah, Saudi Arabia
10. Tehran, Iran

Image by Keath Ling

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