Chicago named 7th most expensive city — in the world – Chicago Tribune
September 18th,2015 Chicago Tribune Article by Corilyn Shropshire Photo by Antonio Perez
Hey, Chicago. It’s cheaper to live in Tokyo.
Or so says a report released this week by UBS that lists Chicago as the 7th most expensive city, behind top-ranked, super-pricey Swiss towns Zurich and Geneva.
Other cities ranked as more expensive than Chicago are, in order, New York City; Oslo, Norway; Copenhagen, Denmark; and London. Tokyo was listed No. 8, followed by Auckland, New Zealand, and Sydney.
Published every three years, the report ranked the cities based on the cost of goods and services. It also ranked cities including and excluding the cost of rent. In both comparisons, Chicago, where a three-person family on average spends about $2,792 monthly on goods and services, held steady at No. 7. In New York City, spending $3,342 monthly (excluding rent) is the average. continued