Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Babyface asked in Social ScienceEconomics · 1 decade ago

Recent rankings of most expensive cities?

Anyone have a recent, reputable tabulation of top cities in the world for cost of living? We live in NYC and am having a hard time conceiving of a more expensive place on the planet to live. Anyone from London don't bother comparing, I go to LON a lot and if you earn pounds it's still not comparable to this, albeit it's no bargain either. Prices (food, rent, apt. purchase) keep going up-up-up and wages keeping coming down-down-down, this city has been pretty immune from the cost-side of the recession. It is a very safe city now, because the poor have been leaving in droves since they can't afford it here. I think NYC should split off from the US, and issue it's own currency, because NYC bears very little relation any more to the rest of the U.S.

3 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    Forbes ranking is cost a living for a foreigner.

    I am pretty sure most NYC residents are OK with poor people leaving the city.

    Besides, there is well developed rail system there, so you can leave somewhere cheap, and still work in the city.

  • meg
    Lv 7
    1 decade ago

    What makes NY uncomfortable is the income inequality. 1% of the people earn 44% of the income which is a much higher fraction than in the average of the US of 24% and in Europe it is probably nearer 15%. see http://www.gothamgazette.com/article/economy/20110...

  • ....
    Lv 6
    1 decade ago

    I found this for you in Forbes - they do a lot of comparator analysis:

    http://www.forbes.com/2008/07/23/cities-expensive-...

Still have questions? Get your answers by asking now.