UBS’s “Prices and Earnings 2009” study ranks Oslo, Zurich, Copenhagen, Geneva, Tokyo and New York as the world’s most expensive cities, based on a standardized basket of 122 goods and services. When rent prices are factored into the equation, New York, Oslo, Geneva and Tokyo emerge as especially pricey places to live. The basket costs the least in Kuala Lumpur, Manila, Delhi and Mumbai. The study was based on data collected in 73 cities around the world between March and April of this year.
UBS’s “Prices and Earnings” studies can be downloaded here.