As much as Filipinos pay a lot in terms of taxes (including VAT and excise tax), goods, and utilities, our local mega cities still aren't the most expensive places to live in. To nobody's surprise, Singapore retakes the title for the fifth year in a row. In a report conducted by Economist Intelligence Unit, Singaporeans shell out the most during their day to day lives.
The survey compared the costs of around 150 products and services—for things like gas, bread, and of course, wine. To make sure the report is accurate, they also considered the strength of the countries' currencies.
For example, the U.S. dollar is weaker this year, which explains why New York City is at 13th place. Among the top 10 most expensive cities are Seoul and Hong Kong, but Zurich and Paris are tied for second place.
While you'll need a lot of dough to actually move to Singapore, that doesn't mean that you can't visit it on a budget. Check out this story on how this Pinay spent five days in the city without breaking the bank.
This story originally appeared on Cosmo.ph.
* Minor edits have been made by the Femalenetwork.com editors.
