Economists attribute Tel Aviv’s emergence at No. 1 to a strong appreciation of the Israeli shekel against the dollar

LOS ANGELES TIMES
Tel Aviv is the world’s most expensive city, new report says. L.A. ranks 9th
by Ami Bentov
December 2, 2021

Residents of Israel’s seaside metropolis, Tel Aviv, have for years complained of how expensive it is, with living costs taking a big chunk out of their paychecks. A new report backs them up. Tel Aviv is the world’s most expensive city to live in, according to the Economist Intelligence Unit, a research group linked to the Economist magazine. The city, previously ranked fifth on the list, has now surpassed other pricey places such as Paris and Singapore, which were tied for second place. Hong Kong and Zurich, Switzerland, rounded out the top five. New York was ranked sixth and Los Angeles ninth. READ MORE

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