World's Most Expensive Cities
by Zack O'Malley Greenburg
Prices show no sign of dropping in Moscow, this year's most expensive place to live.
In 1998, Moscow was in crisis. More than 100,000 Russians took to the streets as a slew of banks--and the life savings of millions of citizens--went bust.
But just a decade later, the global commodities boom has made Russia flush with cash, and Moscow has become a pricey place to live.
That's the finding in Mercer's 2008 Worldwide Cost of Living Survey. Moscow tops the list with a score of 142.4, up 6% from last year--and 42% higher than New York, the most expensive city in the U.S. The Russian capital is followed by Tokyo; London; Oslo, Norway; and Seoul, South Korea.
Full story at:http://finance.yahoo.com/real-estate/article/105443/World
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