Top 15 Most Expensive Cities in the World

1 Moscow, Russia
2 London, United kingdom
3 Seoul, South Korea
4 Tokyo, Japan
5 Hong Kong, Hong Kong
6 Copenhagen, Denmark
7 Geneva, Switzerland
8 Osaka, Japan
9 Zurich, Switzerland
10 Oslo, Norway
11 Milan, Italy
12 St. Petersburg, Russia
13 Paris, France
14 Singapore, Singapore
15 New York City, U.S.

Moscow is the most expensive city in the world, according to this year’s annual Mercer Human Resource Consulting survey. London comes in second place, up from third last year.

Overall, Asian cities dominated the top 10 of pricey cities. On the other hand, Asuncion, the capital of Paraguay, is the least expensive city for the fifth year in a row.

Mercer surveys the cost of living in 143 cities, comparing the cost of more than 200 household items.

Strong currencies dropped New York City to 15th place and Los Angeles to 42nd. No Canadian or Latin American cities were in the top 50.