The World's Most and Least Expensive Cities, Ranked

Contributing Editor Carl Unger believes that every trip is worth taking. He loves an extended trip to Europe as much as he enjoys exploring the towns and landscape near home. Basically, you'll find him wherever there is good food, fresh air, and plenty of stories to bring home.

Carl has been writing for SmarterTravel since 2005. His travel writing has also appeared on USA Today and the About.com Boston travel guide.

The Handy Item I Always Pack: "It's not revolutionary, but a small Moleskine notebook is my one travel must-have. It's great for noting things you want to remember and it takes up hardly any space in your bag."

Ultimate Bucket List Experience: "Japan. I'd love to take a month off and visit the cities, temples, and countryside. I'm fascinated by the country's juxtaposition of ancient traditions and modern ambitions."

Travel Motto: “Why do you go away? So that you can come back. So that you can see the place you came from with new eyes and extra colors. And the people there see you differently, too. Coming back to where you started is not the same as never leaving.” –Terry Pratchett

Aisle, Window, or Middle Seat: "Window."

See recent posts by Carl Unger

As any seasoned traveler knows, your dollar goes much further in some places than it does in others. I’ll never forget reviewing my credit card account after my first trip to Copenhagen and realizing all those to-go cups of coffee came to $6 each. Or, conversely, how affordable a beer is in Berlin.

The Economist’s new list of the most (and least) expensive cities confirms this fact. Its Worldwide Cost of Living Survey compares prices across 160 products and services to determine and rank the most expensive cities in the world. While not all of those products and services will apply to visitors, the list is a good indicator of what travelers can expect when they arrive.

The Most Expensive Cities in the World:

Singapore, Paris, and Hong Kong (tied for first)
Zurich
Osaka
Seoul, New York, and Copenhagen
Los Angeles, Tel Aviv

This year, Singapore, Paris, and Hong Kong tied for title of most expensive city, while Caracas, Damascus, and Tashkent in Uzbekistan were the least expensive. In terms of popular tourist destinations, New York came in seventh (tied with the aforementioned Copenhagen), with Tokyo, Los Angeles, Zurich, Reykjavik, Seoul, Dublin, and Sydney all finding a home in the top 20.

Follow the Value

But while the expensive cities may grab the headlines, travelers may be more interested in the destinations with lower costs. All of the Eastern European cities are relative values, for example: Prague is the most expensive from that region, but only ranks 82nd on the list. Cities like Warsaw, Budapest, and St. Petersburg are well below the top of the list cities. So are Western European cities like Amsterdam, Berlin, Stockholm, and Lisbon and North American cities like Boston, Miami, and Montreal.

Lists like these don’t tell the whole story, of course. Using Copenhagen as an example, I was astonished to find a wealth of affordable (read: around $70 per night) Airbnb options for my trip last spring. I also made use of discounts on mass transit and attractions via the Copenhagen Card, all of which helped offset those $5 coffees (which, admittedly, were very good).

Point is, travelers shouldn’t shy away from a destination that ranks high on a list like this. Many cities offer discounts and programs to ease the cost of visiting, and creative travelers can always find a way make the most of their budget.

Readers: What is the most expensive city you’ve ever visited? Comment below.

More from SmarterTravel:

We hand-pick everything we recommend and select items through testing and reviews. Some products are sent to us free of charge with no incentive to offer a favorable review. We offer our unbiased opinions and do not accept compensation to review products. All items are in stock and prices are accurate at the time of publication. If you buy something through our links, we may earn a commission.