The Worlds Most Expensive City

[100%]

Based on Cost of Living

SOURCE

[j2k4]

No surprises there, eh?

I wonder what else they have in common?

[Voetsek]

what of cape town nothing for S.A very odd

[ilw]

The only expensive thing about london is the ludicrous cost of accomodation. Everything else is a lot cheaper than stuff in Switzerland and i think also cheaper than stuff in japan

[yonki]

Istanbul?Abidjan?Douala?
Im sure there are cities more expensive than those in Europe and the US.

[MagicNakor]

Not if you're taking into consideration the wages people earn. For instance, almost half of Istanbul's residents are unemployed, the average wage is less than $30/week.

[Haz]

Tokyo huh? that surprises me a bit, was thinking bout a trip there in a year or two, back to the drawing board

I would've guessed NY or something, 8-12,000$ a month for an apartment

[yonki]

Originally posted by MagicNakor@15 June 2004 - 04:30
Not if you're taking into consideration the wages people earn. For instance, almost half of Istanbul's residents are unemployed, the average wage is less than $30/week.

I think the reason is just that they didnt pick those cities.

The survey covers 144 cities and measures the comparative cost of over 200 items in each location. These include housing, food, clothing and household goods as well as transportation and entertainment.

[100%]

Originally posted by yonki@15 June 2004 - 15:53

I think the reason is just that they didnt pick those cities.
[/quote]

Probably also based on the BigMac Index

although its real

"The Economist’s Big Mac index was first launched in 1986 as a gastronome’s guide to whether currencies were at their correct exchange rate. It is not intended to be a precise predictor of currency movements, but simply a way to make exchange-rate theory a bit more digestible.

Burgernomics is based upon one of the oldest concepts in international economics: the theory of purchasing-power parity (PPP). This argues that the exchange rate between two currencies should in the long run move towards the rate that equalizes the prices of identical bundles of traded goods and services in each country. In other words, a dollar should buy the same amount everywhere."

[shn]

It's a good thing I come from a family that builds homes for a living or I would'nt have a place to stay.

Seriously, I hear California is really bad when it comes to high cost of living. I would still like to move there. Despite statistics, I think the money you make supercedes the high cost of living. What I mean is, what you would make here where I live, you would make a lot more if you were in California, thus the high cost of living.