Pop the Champagne: Tel Aviv Is the Tenth Most Expensive City in The World
A survey released Monday by the Economist compared the prices of more than 160 products and services in cities around the world, found Paris, Singapore, and Hong Kong to be the most expensive
Tel Aviv is the tenth most expensive city in the world, according to the 2019 worldwide cost of living report published Monday by the Economist. The survey compares the prices of more than 160 products and services in cities around the world, including food and drinks, clothing, household supplies, average monthly rent, utility bills, private schools, and recreational activities.
For daily updates, subscribe to our newsletter by clicking here.
Paris, Singapore, and Hong Kong share the throne of the world's most expensive city. Rounding out the top five cities are Zurich, Geneva, and Osaka. New York tied Seoul and Copenhagen for sixth place, leaving both Tel Aviv and Los Angeles as the tenth most expensive cities in the world.
Asian cities tend to have the highest costs for general grocery shopping, while European cities tend to be the priciest in the household, recreation, and entertainment categories, according to the report. The price of a single beer bottle averaged $2.94 in Tel Aviv, making it the fourth most expensive, only trailing behind New York, Zurich, and Seoul.
Tel Aviv. Photo: Shutterstock
According to the report, the least expensive cities in the world are Caracas, Venezuela, followed by Damascus, Syria, both of which are currently embroiled in conflict. Rounding out the five least expensive cities are Tashkent, Uzbekistan, Almaty, Kazakhstan and Bangalore, India.