Think that $7 beer at a Sydney bar is expensive? Be glad you don’t live in Tokyo–the same bottle of beer will set you back more than $10 (and that’s excluding tip).
ECA International recently came out with its semiannual cost of living survey, which compares the cost of a basket of consumer goods and services in over 400 places worldwide.
The survey is most commonly used by multinational companies to calculate salaries for employees sent abroad. But prices also provide a fascinating glimpse into what people pay to live in cities around the world, and where everyday expenses are highest.
Several Australian cities feature on the list. All figures are based on A$1 being equal to US$1.