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These Are the World’s Most Expensive Cities to Live in Right Now

People relax on Dizengoff Square in Tel Aviv, Israel.

People relax on Dizengoff Square in Tel Aviv, Israel.

Photographer: Kobi Wolf/Bloomberg

Israel’s Tel Aviv has leapfrogged Hong Kong and Singapore to become the world’s most expensive city to live in, according to the Economist Intelligence Unit (EIU).

The Israeli city climbed from fifth place last year to top the Worldwide Cost of Living 2021 report for the first time, pushing Paris down to joint second place with Singapore. Zurich and Hong Kong rounded out the top five.