Mo$cow: World's Priciest City

London second, Seoul third in worldwide survey
By Peter Fearon,  Newser Staff
Posted Jun 18, 2007 4:29 AM CDT
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(Newser) – Moscow is the world's most expensive city for expats, according to an annual human resource study. A cup of Muscovite coffee can run more than $6, and lodging in the Russian capital can send foreign workers from rubles to rags. London placed in the survey, which compared costs of living in 143 cities worldwide.

It's the second straight year Moscow has been the costliest, and the BBC reports that the enervated American dollar is mainly to blame. New York remains the most expensive city in the US but relatively cheap in global terms, coming in at 15th. The world's biggest bargain is Asuncion in Paraguay, the cheapest city for the 5th year in a row.