Various surveys have conducted research to find out which are the most expensive cities to live in across the world – and Malta is nowhere to be seen on any list.
From a 2022 cost of living study conducted by Mercer, which compared the prices of housing, transportation, food, clothing and other essentials, a total of 55 cities were listed, with Hong Kong, China taking top spot.
The main reason the Chinese city topped the list was its over 7 million people living in it, with the competitive demand for housing sky-rocketing prices.
In another study, the Worldwide Cost of Living Index, which was released by the Economist Intelligence Unit (EIU), it was found that the average cost of living is up 8.1% in 2022.
According to this list, New York and Singapore tied in top place, followed by Tel Aviv Israel. The EIU tracked everyday expenses in 172 cities around the world. Most of this is being owed to the Ukraine war and the pandemic’s consequences.
A recent NSO report revealed that in Malta, 20.3% of the Maltese population was at risk of poverty and social exclusion. This year, the at risk of poverty threshold was calculated at €10,222.
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