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World’s Most Expensive Cities

Posted on | July 29, 2008 |

That’s the finding in Mercer’s 2008 Worldwide Cost of Living Survey. Moscow tops the list with a score of 142.4, up 6% from last year–and 42% higher than New York, the most expensive city in the U.S. The Russian capital is followed by Tokyo; London; Oslo, Norway; and Seoul, South Korea.

New York fell from No. 15 to No. 22, thanks to the dollar’s protracted woes. Los Angeles is the second-priciest city in the U.S., but Hollywood’s denizens can’t cry poverty just yet: At No. 55, Los Angeles is cheaper than the best neighborhoods of Lagos, Nigeria (No. 30); Almaty, Kazakhstan (No. 44); and Zagreb, Croatia (No. 49).

“The decline in the ranking of all U.S. cities is due to the weakening value of the U.S. dollar against most major world currencies,” says Mercer’s Mitch Barnes, a principal at the firm. “The dollar has been declining steadily for the past several years, which has resulted in an overall decrease in the cost of living in 19 U.S. cities, relative to other major global cities studied.”

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I don’t think I can afford to go to any of these cities..:-P , or probably until I can dig a bucket of gold..then I can afford to visit any of these ‘expensive cities’. Visiting for me means spending too, it doesn’t count the gas, the food, the hotel stay…I have to go shopping too :-P

Haaayyy..I’ll be back, I need to make my millions :-P wahahaha..jowk

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