Posted on 12/02/2021 8:41:37 PM PST by SeekAndFind
The city of Tel Aviv was named after the title in Hebrew of “Old New Land” (“Altneuland” in German), a visionary novel written in 1902 by Theodore Herzl, the founder of modern Zionism. Israel’s commercial capital still blends modernity and history. This summer, as time-poor professionals were ordering coffee pods delivered by drone, archaeologists nearby were uncovering a Byzantine wine press and a 7th-century gold coin. Both discoveries might come in handy in the city that is now the world’s most expensive.
According to the latest findings of the Worldwide Cost of Living Survey from The Economist Intelligence Unit (EIU), our sister company, a strong shekel and rising prices for alcohol, groceries and transport have pushed Tel Aviv to the top of the ranking, up four places from last year. Paris, which shared the top spot with Hong Kong and Zurich in 2020, is now the second-priciest place to live, alongside Singapore. The survey, which compares the prices of more than 200 products and services in 173 cities around the world, is primarily used by firms to negotiate appropriate compensation when relocating staff, but it can also reveal pricing trends at both the local and global level.
Supply-chain problems related to the pandemic have pushed the price of goods up in much of the world. In September the cost of shipping a standard container was four times higher than a year earlier. Some cities experienced additional pressure. American sanctions imposed on Iran pushed its capital, Tehran, 50 places up the ranking to 29th. The price of the EIU’s basket of goods and services there has risen by 42% in local-currency terms since November 2020. But this is dwarfed by a 1,766% increase in Caracas, thanks in part to price controls imposed by Venezuela’s government.
(Excerpt) Read more at economist.com ...
The only city of the top ten I have not been to is Tel Aviv.
What happened to London?
Yes, hard to believe it’s not top 10. Crazy expensive city.
My daughter who lives in the UK says everybody in London wants to move to Leeds, Manchester or York because it is too expensive.
Evidently, Londoners are about as welcome as Californians are in Texas.
Texas wants Calis to stay right there.
RE: What happened to London?
London? Heck, What happened to Tokyo? Why isn’t San Francisco on the list?
NYC and LA two crime filled cities run by Dems and with large lying media influence are the last places I would live regardless of costs.
I’m surprised that LA is ahead of SF.
Wow you have traveled a lot! I’m the opposite—the ONLY cities on this list of top 10 I’ve been to are Tel Aviv and LA.
Go to Israel since you like to travel; it’s a wonderful amazing place to visit with so much history. And Tel Aviv is fun with lots of hotels right on the soft Mediterranean sand. Better beaches than Cote de Azure/South of France if you ask me.
Surprising. I'd expect Jewish folk would only be willing to spend WHOLESALE prices. :)
I can’t believe Osaka is more expensive to live in than Tokyo .
You’re not funny.
Yes I am. My gal tells me I smell funny, quite often.
And people in the North UK want Londoners to stay in London
ML/NJ
Israel is on my bucket list. Maybe 2023 when I go to Ireland for the first time, France (For Rugby World Cup) and Rome (Ryder Cup.) I love Cote d’Azur.
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