Is Singapore really more expensive than Zurich

Ranking of the “Economist” - Zurich, Paris and Hong Kong are the most expensive cities in the world

Jump to content
  1. News
  2. Switzerland
  3. Current article
content
  • Alongside Hong Kong, Zurich and Paris are the most expensive cities in the world to live in, according to a study by the business magazine “The Economist”.
  • According to the 2020 World Cost of Living Report, Link opens in a new window in the magazine, Zurich is so far ahead, among other things, because the Swiss franc has become stronger against the US dollar during the corona crisis.
  • Singapore is in fourth place, followed by Osaka and Tel Aviv in fifth place.

The impact of the coronavirus on the dollar is the main cause of the cost of living in many countries, the report said. "As a result of the Covid-19 pandemic, the US dollar lost value while the currencies in Western Europe and North Asia gained in value, with consequences for the prices of goods and services," said Upasana Dutt, one of the authors of the survey.

Geneva in seventh place

“Paris, Zurich and Hong Kong have all topped the rankings due to the rise of the euro and the Swiss franc against the dollar,” the report's authors note, adding that prices in Singapore, particularly due to lower demand for a Foreign worker emigration has fallen.

In Osaka, "consumer prices have stagnated and the Japanese government has subsidized costs such as public transport," the report said. In the USA, New York fell one place and now ranks seventh with Geneva. Los Angeles fell back to ninth place, level with Copenhagen.

The cost of living has also fallen everywhere as employees who stayed at home due to measures to contain the corona pandemic have postponed buying new clothes. Conversely, the increase in home offices has led to an increase in electronics purchases, the product category that has seen the largest price increase according to the study.

SRF 4 News, November 18, 2020, 6:31 a.m.; afp / spea; rehm

  1. News
  2. Switzerland
  3. Current article
Shut down

Always well informed!

Receive all news highlights directly via browser push and always stay up to date. More

Push notifications are brief messages on your screen with the most important messages - regardless of whether srf.ch is currently open or not. If you click on one of the notes, you will be taken to the corresponding article. You can deactivate these notifications at any time. Fewer

Activate push notifications

You have already hidden this notice about activating browser push notifications several times. Do you want to hide this notice permanently or be reminded of it again in a few weeks?

Most read articles

Scroll left Scroll right

Social login

For the registration we need additional information about yourself.

{* #socialRegistrationForm *} {* firstName *} {* lastName *} {* emailAddress *} {* displayName *} {* mobile *} {* addressCity *} {* / socialRegistrationForm *}

Welcome back

Please log in to enter a comment.

{* loginWidget *} Use a different account

Login and register


Log In

{* #signInForm *} {* signInEmailAddress *} {* currentPassword *} Forgot your password? {* / signInForm *}

Simply log in with your social media account or your Apple ID

{* loginWidget *}

Create a new password

Enter the email address of your user account. We will then send you a link that you can use to create a new password.

{* #forgotPasswordForm *} {* signInEmailAddress *} {* / forgotPasswordForm *}

Create a new password

You will shortly receive an email with a link to renew your password.

Didn't get a message?

If you have not received an e-mail after 10 minutes, please check your SPAM folder and the details of your e-mail address.

Welcome back

Please log in to enter a comment.

{* #signInForm *} {* signInEmailAddress *} {* currentPassword *} Forgot your password? {* / signInForm *} Use a different account

Technical error

Oh oops! A technical issue occured. Please try again later or contact our customer service.

Confirm mobile number

So that you can enter a comment, we ask you to confirm your mobile number. We will send you an SMS code to the mobile number.

There has been an error. Please try again or contact our customer service.

Too many codes have already been requested for the mobile number. The function is blocked to prevent misuse.

Too many attempts. Please request a new code or contact our customer service.

Change mobile number

Too many attempts. Please request a new code or contact our customer service.

This mobile number is already in use. Please change your mobile number or contact our customer service.

Change mobile number

The maximum number of codes for the specified number has been reached. No more codes can be created.

Confirm email address

We have sent you an email at the address {* emailAddressData *} Posted. Please check your e-mail inbox and confirm your account using the activation link you received.

Didn't get a message?

If you have not received an e-mail after 10 minutes, please check your SPAM folder and the details of your e-mail address.

Adjust user data

{* resendLink *}

Register and login


to register

With an SRF account, you have the option of entering comments on our website and in the SRF app.

{* #registrationForm *} {* firstName *} {* lastName *} {* emailAddress *} {* displayName *} {* mobile *} {* addressCity *} {* newPassword *} {* newPasswordConfirm *} {* / registrationForm *}

Confirm email address

We have sent you an email at the address {* emailAddressData *} Posted. Please check your e-mail inbox and confirm your account using the activation link you received.

Didn't get a message?

If you have not received an e-mail after 10 minutes, please check your SPAM folder and the details of your e-mail address.

Adjust user data

{* resendLink *}

Your activation email has been sent

Please check your e-mail inbox. The activation email has been sent.

Verified email address

Thank you for verifying your email address.

user account

In this view you can manage your user data.

{* savedProfileMessage *} {* / editProfileForm *}

Change Password

Deactivate account

User data saved successfully

You can view your data at any time in your user account.


Adjust user data

Change Password

Define a new password for your account {* emailAddressData *}.

{* #changePasswordForm *} {* currentPassword *} {* newPassword *} {* newPasswordConfirm *} {* / changePasswordForm *}

Create a new password

Define a new password for your account.

{* #changePasswordFormNoAuth *} {* newPassword *} {* newPasswordConfirm *} {* / changePasswordFormNoAuth *}

Password saved successfully

You can now log in to the article with your new password.

Create a new password

We did not recognize the password reset code. Please re-enter your email address so that we can send you a new link.

{* #resetPasswordForm *} {* signInEmailAddress *} {* / resetPasswordForm *}

Create a new password

You will shortly receive an email with a link to renew your password.

Didn't get a message?

If you have not received an e-mail after 10 minutes, please check your SPAM folder and the details of your e-mail address.

Deactivate account

Your account will be deactivated and you will not be able to reactivate it. Recorded comments are not deleted.

Do you really want to deactivate your account?

{* deactivateAccountForm *} {* / deactivateAccountForm *}

Account deactivated

Your account has been deactivated and can no longer be used.
If you would like to register again for the comment function, please contact SRF customer service.

  • Comment from Manuel Nagel (mkrm)
    It is a trivial fact that the cost of living goes down when people shop less because the shops are closed.
    But what does that help you to be able to judge which city is how expensive? Then city A is cheaper than city B because I only buy half of it there?
    Agree agree to the comment
  • Comment from Arnold Weiss (A.Weiss)
    The study is interesting though. For the residents, however, the relationship between the cost of living and wages is more decisive. When I look at the wages in Zurich, life in the city is not that bad. Those in Zurich who can set aside 10% of their wages can afford much more consumer goods traded around the world than some other European city.
    Agree agree to the comment
    1. answer from Javier López (Javier López)
      Regarding studies in general, I can quote the words of a competent superior: Don't just scratch the surface. a little more depth please.
      What really makes life hell in Switzerland are the rents and health insurance premiums.
      There is one more thing to say about rents: if you compare the equipment and quality of the apartments, rents in Switzerland are still cheap. The exception is Geneva. In Geneva there are still apartments with single glazing and horrendous rents.
      Agree agree to the comment
    2. answer from Manuel Nagel (mkrm)
      @Javier López: health insurance premiums? I paid more than twice as much in Germany, with a lower salary, of course.
      Agree agree to the comment
    3. Show answers
  • Comment from Max Wyss (Pdfguru)
    This "study" may, possibly, apply to US-American expats. Otherwise it is actually not worth much.
    Agree agree to the comment

Footer


Metanavigation