New York is the most expensive city for expats

Soaring inflation and rising accommodation costs were cited as reasons for New York topping ECA International’s cost of living rankings for 2023. — Reuters

SINGAPORE: New York has leapfrogged Hong Kong as the world’s most expensive city to live in as an expat, while skyrocketing rents saw Singapore crash into the top five, according to a new study.

Soaring inflation and rising accommodation costs were cited as reasons for New York topping ECA International’s cost of living rankings for 2023, while Geneva and London remained in third and fourth places.