Bits and BobsSingapore, New York lead the way, although you could try Damascus on a budget.

Revealed: The world’s most expensive – and cheapest – cities

Singapore and New York are the world’s most expensive cities to live in.
Singapore and New York are the world’s most expensive cities to live in.

If you’re looking for a cheap holiday, you could try – although it’s unlikely you will - the Syrian capital of Damascus or Libya's Tripoli.

The Economist Intelligence Unit (EIU) has declared both economically damaged cities as the world's cheapest places to live.

EUI researchers looked at the price of rent, groceries and everyday services and while the focus is on the cost-of-living in cities around the world, visitors are also exposed to many of these high prices.

New York and Singapore tied for the world's most expensive cities in which to live. Tel Aviv, which had topped the list last year, fell to third - while Hong Kong and Los Angeles rounded out the top five.

Several cities declineD on the list this year, with London falling to 27th place.

The study authors warned rampant inflation, rising interest rates, and ongoing supply chain woes were fuelling a global cost-of-living crisis.

World's most expensive cities:
2.New York (tied with Singapore)
3.Tel Aviv
4.Hong Kong
5.Los Angeles (tied with Hong Kong)
8.San Francisco
11.Sydney (tied with Copenhagen)

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