London Most Expensive City, Mumbai Leads the Indian Pack: Study
Mumbai is ranked 17th in the list of world’s expensive cities. (Photo: PTI)
Mumbai is ranked 17th in the list of world’s expensive cities. (Photo: PTI)

London Most Expensive City, Mumbai Leads the Indian Pack: Study

London has been ranked as the world’s most expensive city to live and work in, ahead of New York and Hong Kong, according to a UK study that puts Mumbai at 17th.

The only India city on the list of top 20, Mumbai is ranked 17th ahead only of Berlin, Johannesburg and Rio de Janeiro by the UK real estate firm Savills survey that was released on Monday.

It compares the total annual cost of renting both residential and office accommodation per person in some of the world’s leading cities.  

London is 18 per cent more expensive than it was five years ago, and has been ranked at the top of the index since 2014.

The cost of living in the British capital comes to more than double the cost of other English-speaking cities such as Sydney, Los Angeles and Chicago.