Get in Touch

Perth, WA has been named the 13th most expensive place to live in the world

by on February 14, 2012 in Marketing, Nuggets, Research

Perth has been named the 13th most expensive place to live in the world, ahead of New York, London,

 Hong Kong, Los Angeles, Rome and Berlin. Via Michael Corry in Perth, WA

In Australia, Perth was beaten only by its bigger state capitals Sydney (7th) and Melbourne (8th).

Brisbane was named 14th most expensive and Adelaide 18th.

The findings are based on a survey by the Economist Intelligence Unit, which blamed the high cost of living in Australia upon the strong Australian dollar.

The report’s editor, Jon Copestake, said exchange rates had been the greatest influence for the Australian cost of living, with the Australian dollar doubling against the US dollar in the past decade.

Local price inflation, especially last year, had also played a part, he said.

When the survey was last conducted in June, four of Australia’s cities were in the top 20.

Mr Copestake said a city’s desirability as a destination could also affect its cost of living ranking.

Cost of living increases in Switzerland, where the Swiss Franc has emerged as a safe haven currency amid the eurozone crisis, led to currency-related cost pressures there.

For the first time in 20 years Zurich outranked Tokyo as the world’s most expensive city.

Switzerland, Japan and Australia each had two cities in the top most expensive cities in the world.

The survey compares the price of more than 400 items including food clothing, rent, transport, utility bills and recreational costs.

At the other end of the scale the least expensive city in the world is Muscat in Oman.

Print article

Leave a Reply

You must be logged in to post a comment.