Posted by Leonard Steinberg on February 15th, 2012

New York is the 47th most expensive city in the world…huh? Zurich took over from Tokyo as the world’s most expensive city to live in: that is what the Economist Intelligence Unit’s most recent world-wide cost-of-living survey says, even though it is somewhat difficult to believe.  Of course the survey does not include real estate prices, but it may be one of the many reasons why New York real estate sales are so brisk these days with global buyers…..

After a trip to London, Tokyo or Zurich one cerainly feels richer going out to dinner, filling up a tank of gas or shopping for clothes in New York. So maybe its time for all us New Yorkers to stop whining about how expensive our city is…..the list says we are even cheaper than Los Angeles!