Mar 022016
 

London

London is the world’s most expensive city in which to live and work, according to a study.

Accommodation for the average Londoner – calculated as a total of housing and office rental costs – comes to a massive £80,700 a year, researchers found.

The figure puts the capital ahead of 19 other world cities such as New York (£79,600) and Hong Kong (£73,800).

Expensive city ranking

1. London
2. New York
3. Hong Kong
4. Paris
5. Tokyo
6. San Francisco
7. Lagos
8. Singapore
9. Dubai
10. Sydney
11. Miami
12. Los Angeles
13. Moscow
14. Chicago
15. Shanghai
16. Dublin
17. Mumbai
18. Berlin
19. Johannesburg
20. Rio de Janeiro

Contributed By Sonia Narula

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