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Paris continues its ascent in the ranking of the world's most expensive cities

undefined undefined 30 novembre 2023 undefined 18h13

undefined undefined 3 janvier 2024 undefined 12h40

The Editor

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The British magazine The Economist has just unveiled its annual ranking, and the findings are clear. Not only is life in Paris becoming increasingly expensive, but the city is also part of the top 10 most expensive cities in the world.

Last year, the capital was ranked 9th. In 2023, tough luck, the City of Lights moves up two places and becomes 7th in the ranking. And even though it's not a big surprise, it's never pleasant to hear. And above all, we think that, in the end, Picardy or Creuse might not be so bad after all.


Always more

So, yes, you have to keep things in perspective, since the ranking is based on the dollar, and therefore, considering the exchange rate of the euro, we Europeans are inevitably at a disadvantage. But come on, let's not go too far, we remind you that the price of the metro ticket is still going to double in a few months.

Overall, it's no surprise to anyone, life in Paris is expensive. And inflation certainly hasn't helped. But the experts at The Economist have still noticed that, overall, the increase in the cost of living worldwide (7.4%) is less significant than in 2022 (8.1%). And they even imagine a real decrease for 2024. Fingers crossed, because the baguette at €5, we can see it coming, and we're not too happy about it...


What does the overall ranking look like?

And for the 9th time in 11 years, out of the 173 cities studied, Singapore finds itself in the pole position, tied with Zurich. And honestly, when we see that there, you have to spend nearly €100,000 to have a car, we think that in the end, here, it's not so bad. At the opposite end, we find Damascus and Tehran as the cheapest cities in the world.

Finally, without much surprise, the cities that have seen the cost of living decrease the most are Moscow and Saint Petersburg, ranked 142nd and 147th. And at the same time, given the current circumstances in Russia, it's not very surprising to know that the value of the ruble has dropped drastically.

In any case, nothing very new under the sun, or very unexpected. But we still hope (and never thought we'd say this one day) that next year, Paris will be much lower in the rankings.