article_snippet: It was followed by Paris, Oslo, Zurich and Sydney Zurich and Sydney Sydney in The Economist Intelligence Unit’s worldwide cost of living survey.
article_snippet: Melbourne, Geneva, Copenhagen, Hong Kong and Seoul rounded out the top 10 in the study, which compared prices in more than 130 cities using New York as a base for comparison.
article_snippet: For example, Paris has a cost of living that is 26 per cent higher than in New York, but the cost of living in Lisbon and Athens is 26 per cent lower than that of the Big Apple, said The report.
article_snippet: Ten years ago Sydney and Melbourne were both cheaper than New York, a long-term rise in the relative cost of living in Australia, driven by the strength of the country’s dollar, has pushed Sydney and Melbourne up the list.
article_snippet: Sydney (pictured) and Melbourne have climbed the list thanks to the strength of Australia's dollar .
article_snippet: Asia has seen a marked increase in the cost of living in the last 12 months, although Japanese cities have dropped in the ranking thanks to deflation and a devaluation of the yen.
article_snippet: ‘The situation of an unchanged top five is very rare for the worldwide cost of living survey and disguises some significant global drivers that are impacting on the cost of living everywhere.
highlights_snippet: It was followed by Paris, Oslo, Zurich and Sydney in the study .
  