Luxembourg City in the middle of the ranking
Luxembourg takes 62nd place among the 133 cities analysed. The cost of living has remained stable compared with last year. It shares its ranking with a number of other cities, including Dubai, Montreal and Istanbul. The large cities in the countries neighbouring the Grand Duchy are considered to be more expensive: Paris and Geneva are in 7th place, Frankfurt in 23rd place, Brussels in 39th place, and Amsterdam in 55th place.
The survey by the EIU (Economist Intelligence Unit) is based on the cost of a range of everyday goods and services: food, tobacco, clothing, transport, leisure activities, etc. Using these figures, EIU calculates a total composite index of the cost of living, taking as its baseline the city of New York (score of 100).
The most expensive cities in the world seem to be, in order, Singapore (a position it has held for the past four years), Hong Kong and Zurich. Asia's cities are at the top of the list - Tokyo, Osaka and Seoul rank 4th, 5th and 6th respectively. The high cost of living in Asia is in contrast to Europe: over the space of a decade the number of European cities at the top of the list has fallen from about ten to just four.
(article written by the editorial team of the portal luxembourg.lu)