Copenhagen Ranked Fifth Most Expensive City
Investment firm UBS recently published an update to the 2009 “Prices and Earnings” study evaluating the global purchasing power of 73 cities around the world and ranked Copenhagen as the fifth most expensive city in the world next to Oslo, Zurich, Geneva and Tokyo followed by New York. The year prior Copenhagen ranked third next to Oslo and Zurich. The study also reveals that Zurich, Denmark and Switzerland have the highest salaries among the cities evaluated in the study, and Zurich, Sydney and Miami have the highest purchasing power.
The last time I picked up on a similar study evaluating cost of living was in 2008, when Copenhagen ranked as the eight most expensive city by Mercer’s Cost of Living Index. Moscow ranked number one in that study. In the 2010 report, published in June this year Copenhagen ranked 10th, with Luanda, Tokyo, N’Djamena, Moscow, and Geneva ranking in the top five.