NYC Now The Most Expensive City In The World?

According to Curbed, a new report by major international bank UBS says that New York City is now the most expensive city in the world to live in.  They claim that it isn’t just the city’s property prices that have steered it towards its new qualifier; it’s also the city’s cost of goods and services and low after-tax wages, according to The Wall Street Journal (h/tTRD). While global cities Zurich and Geneva outpace New York in their cost of goods and services, the city’s burdensome rents tipped the scale in New York’s favor for the title of World’s Most Expensive City.

(Updated article)

http://ny.curbed.com/archives/2015/09/23/new_york_is_the_most_expensive_city_in_the_world.php

http://therealdeal.com/blog/2015/09/23/surprise-nyc-is-worlds-most-expensive-city/

http://blogs.wsj.com/economics/2015/09/22/the-most-expensive-place-in-the-world-to-live/

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