Singapore is the most expensive city in the world

Singapore has topped 131 cities globally to become the world’s most expensive city to live in 2014, according to the Economist Intelligence Unit (EIU). It is the most expensive city in the world with  a

strong currency combined with the high cost of running a car and soaring utility bills. along with the most expensive shopping outlets , replacing  Tokyo  which  occupied the same position in 2013

Other cities making it to the top five most expensive cities to live in are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place.

The EIU’s Worldwide Cost of Living Survey is a relocation tool that uses New York City as a base. It looks at more than 400 individual prices.

The top 10 cities this year have been dominated by Asian and Australasian cities as well as some in Europe.

India’s major cities – including Mumbai and New Delhi – were found to be among the least expensive in the world.

Mumbai’s prices are kept low by large income inequality.

The low wages of many of the city’s workers keep spending low, and government subsidies have helped them stay that way.

Outside of the subcontinent, Damascus in Syria saw the largest drop, becoming the fourth cheapest city in the world as the country’s ongoing conflict has led to plummeting prices.

While the EIU’s survey takes into account the cost of living, other firms employ different research methods.

Mercer conducts research to determine the most expensive cities for expatriate living.

It found that in 2013, Luanda, Angola was the hardest on expatriate wallets due to the difficulty of finding adequate secure housing, and the high price of imported goods.