The Worldwide Cost of Living explores the cost of living in 173 cities, measured against impactful global events. On average, prices for goods and services have risen by 3.5% year-on-year, the highest inflation rate seen in the last five years.

Tel Aviv tops the rankings for the first time ever, making it the most expensive city in the world to live in. The Israeli city climbed from fifth place last year, pushing Paris down into joint second-place with Singapore.

World’s Top 3 Most Expensive Cities To Live In 2021

Rank 1 | Tel Aviv, Israel

Tel Aviv, a city on Israel’s Mediterranean coast, is marked by stark 1930s Bauhaus buildings, thousands of which are clustered in the White City architectural area. Museums include Beit Hatfutsot, whose multimedia exhibits illustrate the history of Jewish communities worldwide. The Eretz Israel Museum covers the country’s archaeology, folklore, and crafts, and features an on-site excavation of 12th-century-B.C. ruins.

Rank 2 | Paris, France

Paris, France’s capital, is a major European city and a global center for art, fashion, gastronomy, and culture. Its 19th-century cityscape is crisscrossed by wide boulevards and the River Seine. Beyond such landmarks as the Eiffel Tower and the 12th-century, Gothic Notre-Dame cathedral, the city is known for its cafe culture and designer boutiques along the Rue du Faubourg Saint-Honoré.

Rank 3 | Singapore

Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia.