The Economist recently released a list of expensive countries to live in, and to no one's surprise, Singapore topped the list for the fourth consecutive year. This finding is based on a survey comparing the prices of 160 goods and services from 133 countries. 


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Singapore is reportedly five percent more expensive than Hong Kong, which came in second place, and 20 percent pricier than New York City.

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According to the Straits Times, the one thing that sets Singapore apart is the cost of owning a car. For example, a Volkswagen Golf sells for a little over $90,000 (P4,515,300) in Singapore; but it retails for only $20,000 (P1,003,400) in the U.S. 


Writer Mimi Ho explained, "It keeps the roads fairly clear for such a small island—Singapore is slightly larger than three and a half Washington, D.C.s—and helps keep it one of the greenest, if not the greenest, urban areas in Asia. This system means that only about 15 percent of Singaporeans own a car."

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This story originally appeared on Cosmo.ph.

* Minor edits have been made by the Femalenetwork.com editors.

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