Living in China: Shanghai now more expensive than New York

Tokyo is still the world’s most expensive city to live in and Oslo and Osaka still make the top five, but the Worldwide Cost of Living 2011 survey just released from the Economist Intelligence Unit also revealed some dramatic changes in the last year.

Australia has become one of the biggest risers, with the strong Aussie dollar lifting costs in Sydney (6th most expensive city), Melbourne (7th), Perth (13th) and Brisbane (14th) to their highest levels.

The survey shows how economies have shifted over the past 10 years, with especially Asian cities becoming cheaper. Hong Kong, from third place 10 years ago is now 22nd, Shanghai falls from 16th to 48th and Beijing falls from 11th to 64th.

Read more from Shanghai now more expensive than New York | CNNGo.com.

Itamar Medeiros

Originally from Brazil, Itamar Medeiros currently lives in Germany, where he works as Lead Product Design Strategist at SAP and promotes User Experience Design as visiting lecturer at Köln International School of Design. Working in the Information Technology industry since 1998, Itamar Medeiros has helped truly global companies in several countries (Argentina, Brazil, China, Germany, Hong Kong, India, Mexico, The Netherlands, Poland, United Arab Emirates, United States) create great user experience through advocating Design and Innovation principles. During his 7 years in China, he championed the User Experience Design discipline as User Experience Manager at Autodesk and Local Coordinator of the Interaction Design Association (IxDA) in Shanghai

1 Response

  1. July 26, 2011

    […] children in school,” Gong said. Residential rental prices in Beijing and Shanghai have been increasing over the past six months, said the […]

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