Filed under: Luxury Travel & Hotels
The list of 2007's priciest cities is out, and Moscow gets spot #1 for the second year in a row. The top 50 includes a whopping 30 European cities, with London jumping 3 spots to claim 2nd place and Copenhagen, Geneva, Zurich, and Oslo also making the top 10. It looks like New York was the highest ranking U.S. city, falling in the teens just behind Milan, St Petersberg, and Paris.
A number of factors contributed to the high cost of living ranking for so many European cities, and the Swiss consulting firm Mercer that conducted the survey credits both rises in accommodation prices (especially in London and Moscow) and the strength of the various European currencies.