Expats Beware: These Cities Are the World's Most Expensive in 2023

New York City has overtaken Hong Kong as the world's most expensive city for expats, according to a study by ECA International. The study assessed the cost of living, including rent costs and the price of popular consumer goods, such as food. San Francisco, Los Angeles, and Chicago also made the top 20. The study found that food prices globally have risen by around 15 percent on average in the last year, more than twice the rate of last year. Europe, in particular, has suffered from rising costs of living, with two-thirds of Eurozone countries climbing up the table.