Close

Auckland, Wellington more pricey than London

Auckland, Wellington more pricey than London
Auckland and Wellington are becoming increasingly expensive cities to live in, ranking among the top 20 in the Economist Intelligence Unit's latest Worldwide Cost of Living survey.

Auckland and Wellington are becoming increasingly expensive cities to live in, ranking among the top 20 in the Economist Intelligence Unit's latest Worldwide Cost of Living survey.

The study places Auckland as the 15th priciest city in the world, up from 24th, while Wellington climbed 16 spots to claim 17th equal with London.

For the first time in at least two decades, Zurich topped the list, rising four places to overtake Tokyo which remains in second place. Geneva, the other Swiss city surveyed, moved up six places and came in at joint third beside Osaka.

Australia had its fair share of costly cities in there: Sydney clocked in at seventh place and Melbourne eighth – Perth 12th, Brisbane 13th and Adelaide 17th.

Despite the ongoing Eurozone crisis, German and French cities retained their top 10 representation, with Paris and Frankfurt holding strong at sixth and 10th respectively.

The EIU index measures the cost of an expatriate lifestyle in more than 130 cities using a weighted average of the prices of 160 products and services.

[Photo credit]

Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription, an Idealog t-shirt and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).