It's pretty obvious at this point that living in Ireland’s capital is far from cheap, but now it has emerged that Dublin is even more expensive than some of the priciest places around the globe.
The survey, which has been run for 45 years, investigates the varying level of household expense in cities around the globe by comparing a basket of like-for-like consumer goods and services in 475 worldwide locations. Rental accommodation levels are not factored into the survey.
Dublin jumped 48 places to make it into the top 100, the first time it has made the cut since 2014.
That places the city above other infamously expensive places to live such as Abu Dhabi, Silicon Valley in California, and central London. The latter in fact, placed only 109th in this year’s survey, while Belfast is the cheapest place to live in the UK overall.
ECA states that a strong euro is the main reason for the rise on the list of so many European cities. Indeed, four cities of Switzerland occupy spots in the top 5 most expensive places to live in in the world.
“Thanks to the strength of the euro, Dublin is one of 18 European cities to enter the top 100 most expensive cities in the world this year,” said Steven Kilfedder, production manager with ECA.
The cost of living in US cities has meanwhile dropped significantly due to a concurrent drop in the value of the dollar.
The top 10 most expensive places to live in the world are as follows:
1. Caracas, Venezuela
2. Zurich, Switzerland
3. Geneva, Switzerland
4. Basel, Switzerland
5. Bern, Switzerland
6. Luanda, Angola
7. Tokyo, Japan
8. Seoul, Korea Republic
9. Oslo, Norway
10. Shanghai, China