Oslo and London head the list. But surprisingly, my hometown Mumbai is among the cheapest place to live in. To think that everyone out there complains how expensive it is. Delhi, yet another Indian metro was also among the bottom five cities.
Update: Fast forward to 2007, “Moscow is the world’s most expensive city for the second year in a row, thanks to an appreciating ruble and rising housing costs, a new survey reports” [source]. London is now placed at #2 and Tokyo is at #4. To give you an example of Moscow’s cost of living:
“In Moscow, a luxury two-bedroom apartment will cost an expat $4,000 a month; a CD rings up at $24.83; one copy of an international daily newspaper is $6.30; and a fast-food hamburger meal totals $4.80.”
This ranking is based on a survey conducted by Mercer Human Resource Consulting that ranks 143 cities around the world, measuring the comparative cost of more than 200 areas such as housing, transportation and food.