Tokyo Named World’s Most Expensive City
Lately I’ve been hearing people say that we are worse off now than just a few years ago and first I think, what country were you living in between 2004 & 2009, and secondly I think, things are much more expensive else-where. Did you know a gallon of gas in Tokyo is $5.40? Yes, new rankings show that this Japanese city gets the dubious honor of being the world’s most expensive city.
You may have to dig deep into your pockets to get to Tokyo. You’ll have to dig even deeper to stay.
According to business week, the Japanese capital has earned the distinction of being named the world’s most expensive city.
Tokyo is so pricy, it can make your head spin. A movie ticket fetches the equivalent of $24 – and we don’t even know if that’s in 3D. Thirsty? Start saving, because a beer will set you back $11.
Tokyo’s spot on the top of the list was one of four Japanese cities to crack the top 10. Nagoya, Yokohma and Kobe also made it.
Oslo, Norway took the second spot on the strength of the $45 it costs to grab a quick lunch, which makes us think they need Subway to hightail it over there to offer up some $5 subs.
And for the first time, being in a recession may actually be a good thing for the US. The weakened dollar meant no American metropolis placed in the top 30. New York City was the highest-ranking city at 44, while Honolulu was second at number 62.
The rankings were created by looking at 400 cities around the globe. Food and basic necessities were taken into consideration, as was cost of living. Interestingly, housing, utilities and car costs were not included.