Tel Aviv, the economic and technological center of Israel, has pushed all cities down to perch atop the most expensive cities’ list currently in 2021, according to a global index (pdf) which tracks the cost of living in 173 cities across the world twice per year.
The Economist Intelligence Unit’s (EIU) 2021 Worldwide Cost of Living (WCOL) index announced today that Tel Aviv had jumped from the fifth position to claim the title, overtaking Paris and Singapore, jointly in second place. This is the first time Tel Aviv has occupied the top position, and it’s mainly due to soaring price increases led by grocery and transport. Residential property prices in the Israeli city have also gone up.
