Tokyo
Tokyo beat out Hong Kong this year as the most expensive city in the world, according to the annual Mercer survey. Japan is experiencing deflation, but the cost of living there went up anyway, largely because of stratospheric housing costs. Monthly rent on a Tokyo apartment can easily run to $10,000. Moscow; Osaka, Japan; Hong Kong; and Beijing rounded out the top five cities, followed by several European cities. New York, the highest-ranking U.S. city, came in at No. 10 this year, down from No. 7. The survey measures the comparative cost of housing, food, clothing, transportation, and entertainment in 144 cities around the world.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The Pentagon faces an uncertain future with TrumpTalking Point The president-elect has nominated conservative commentator Pete Hegseth to lead the Defense Department
-
This is what you should know about State Department travel advisories and warningsIn Depth Stay safe on your international adventures
-
'All Tyson-Paul promised was spectacle and, in the end, that's all we got'Instant Opinion Opinion, comment and editorials of the day
