Singapore is the most expensive city in the world, according to the Economist Intelligence Unit’s latest Worldwide Cost of Living survey.

The bi-annual report ranks Paris and Oslo second and third, respectively.

Shanghai occupies the 21st position globally and is now more expensive than New York City. Beijing, China’s capital was ranked 47th on the list.

Here are the top 10 most expensive cities in the world:

1: Singapore

Singapore-Is-Officially-The-Worlds-Most-Expensive-City-4

2: Paris, France

Paris, France

3: Oslo, Norway

Oslo, Norway

4: Zurich, Switzerland

Zurich, Switzerland

5: Sydney, Australia

Australia sydney

6: Tokyo, Japan

tokyo Japan

 7: Geneva, Switzerland

Geneva, Switzerland

 8: Melbourne, Australia

Melbourne, Australia

9: Caracas, Venezuela

Caracas-Venezuela-Ville

10: Copenhagen, Denmark

Copenhagen, Denmark

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