List of World's Most Expensive Cities Released
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(NEW YORK) -- Tokyo is the most expensive city in the world. The booming Asian city was ranked number one on this year’s Mercer Cost of Living Survey, up from the number two slot last year and pushing Luanda, Angola, out of the top spot.
Karachi, Pakistan, is the least expensive of the 214 countries included on the list.
At number 33, New York City is the only U.S. city that ranked among the 50 on the list. The next ranking city was Los Angeles at 68th and San Francisco at 90th. Other major U.S. cities on the list include Washington, DC at 107 and Miami at 110.
Portland, Oregon (178) and Winston-Salem, North Carolina (195) were the least expensive U.S. cities included in the survey.
Asian cities dominated the list. Besides Tokyo claiming the number one slot, other notable cities include Osaka (3), Singapore (6), Hong Kong (9), Nagoya (10), Shanghai (16) and Beijing (17).
Copyright 2012 ABC News Radio
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