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These are the most expensive cities in the world

Geneva in Switzerland is the world’s most expensive city for food, UBS survey shows.

Looking for a cheap meal? Best to steer clear of Geneva.

The Swiss city is the most expensive in the world for food, according to UBS Group AG’s Prices and Earnings report for 2018, a survey ranking global city prices, earning levels, purchasing power and working time to buy common goods.

While food costs in Geneva may sting, its residents boast the highest earning levels among the 77 cities surveyed by UBS. The French-speaking locality serves as a hub for private bankers, commodities traders and international organisations including the United Nations, World Bank and Red Cross.

Source: UBS

Zurich, the German-speaking home to UBS Group AG and Credit Suisse, ranked second in earning levels and was the most expensive city overall. That’s due mainly to the prices of services such as haircuts, household help and dry cleaning, which are an average of 20% higher than in Geneva, according to the report. Electronics such as smartphones, television and laptops cost an average of 16% more in Zurich compared to Geneva the report found.

The findings underscore the wealth and quality of life long enjoyed by Switzerland’s eight million residents, due to high wages, a strong currency, stable government, solid infrastructure and public transport as well as abundant access to nature. Zurich’s gross earnings have climbed to second from third best in 2006. Geneva’s top-ranked earnings were fourth-highest in 2006 and second highest in 2015, UBS said.

Geneva’s earning levels were higher than Zurich’s because certain professions, such as chefs and teachers, earn more in the city of Calvin, UBS said.

Read: Global average income compared

Los Angeles, home to the global entertainment industry, came fourth in earning levels and was the only US city to make the top 5. LA topped the rankings for purchasing power with Zurich second while Miami came third.

The report showed that the average worker in Zurich needed to work 38.2 hours to earn enough to purchase an Apple iPhone. An average worker in Johannesburg needed to work 291.9 hours to earn enough to buy the same smartphone.

© 2018 Bloomberg

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What rubbish, just because a haircut and dry cleaning is more expensive, does not make the cost of living more than comparable cities. Dry cleaning is cheap in Hong Kong, but just try and order a double Johnny Black and a Caprese Salad. Try and find an au pair to work in Tel Aviv for under $30 an hour. Go and park your car for a day in downtown Sao Paulo. If they are going to publish these studies on these forums, they should at least use the intended readers’ basket of goods as a reference – get the list from David Bullard

I struggle to take this list seriously if it doesn’t even have Singapore on it? Personally i found Singapore quite a bit more expensive generally than the Swiss cities. I guess it depends on exactly what you compare, but still hard to imagine

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