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Europe's most expensive city is...
Luxembourg

Europe's most expensive city is...

14.03.2012 From our online archive
People like to complain about the high cost of living in Luxembourg. But, next time you hear someone moaning, remind them it could be worse, they could be living in Oslo for example.

People like to complain about the high cost of living in Luxembourg. But, next time you hear someone moaning, remind them it could be worse, they could be living in Oslo for example.

The Norwegian capital was this year named the most expensive in Europe for its budget-blowing high average cost of living. Yet these costs pale into insignificance when compared with those found in Tokyo, Japan, which was ranked the world's most expensive city.

The study, which was compiled by IT and HR professionals ECA, compared the costs of a basket of goods, including goods and services in 400 cities worldwide. The catch - the calculation did not include accommodation costs.

Pint-sized Luxembourg took one of the largest leaps in the European ranking, making it the 22nd priciest city on the continent, more expensive than London (30) but still cheaper than greater region city Strasbourg (18). The cost of living in the Grand Duchy has clearly romped up since the last study, a year ago, when it was ranked at 55th place in Europe.

After Tokyo and Oslo, the most expensive cities in the world were Geneva (Switzerland), Nagoya (Japan), Zurich (Switzerland), Yokohama (Japan), Bern (Switzerland), Stavanger (Norway), Basel (Switzerland) and Kobe (Japan).

The biggest jump in cost of living was seen in Auckland, New Zealand, which jumped 43 places to position 44, an increase thought to be largely down to the 2011 Rugby World Cup, which was hosted there.