Here are the world's most expensive cities to live in

Grand Cayman has been ranked as the world’s most expensive city, followed by Zurich and London, according to Expatistan.

Expatistan, which used crowd-funding data to compare the cost of living between cities around the world, claims that after Grand Cayman in the Cayman Islands, Zurich is the second most expensive city in the world whereas London is ranked third on the list.

Geneva came in fourth on the list followed by New York City on the fifth spot. The other American cities, San Francisco and Washington DC ranked sixth and seventh respectively, whereas Bern, Hong Kong and Singapore claimed the eighth, ninth and tenth spots.

Additionally, London dropped down from second place which it held in July last year. Much to Londoners' distress, the city also has the second most expensive public transport in the world, the third most expensive utility costs, and the fifth most expensive theatre tickets.

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London also made it as the second most expensive city in Europe after Zurich and the most expensive in the UK. Further, it is 36% more costly than Manchester, 38% more than Glasgow and 40% more than Belfast. Aberdeen, the centre for Britain’s oil industry in the North Sea, comes in second after London as the most expensive city in the UK.

On the other end of the list, Madras was estimated to be the least expensive city in the world. Cities in Eastern Europe came in the bottom end of the list.

As far as Western Europe is concerned, Lisbon in Portugal was deemed the cheapest city in the world, with a cost of living index of 127 as compared to London’s 308.

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The Independent reported in June that London rents were more than double the national average, and in May forecasting group Oxford Economics announced that it was likely the average home in London would cost £1 million by 2030.

The article originally appeared on The Independent.