×

TYPE IN YOUR SEARCH AND PRESS ENTER

Loading...
Things To Do Top News

Copenhagen Has Climbed 9 Spots To Become The World’s 16th Most Expensive City

Secret København Secret København

Copenhagen Has Climbed 9 Spots To Become The World’s 16th Most Expensive City

Living here certainly isn’t cheap!

The cost of living Copenhagen has increased between last year and this year, according to Mercer’s annual Cost Of Living ranking. In 2020 the city was a significantly less expensive place to live, ranking as the 25th most expensive city in the world. However, this year Copenhagen has made it to number 16, leaving 9 cities below it.

This huge increase in living costs is obviously not a plus for residents of the city, whom it seems have had to shell out more money this year than last year. However, the cold, desert city of Ashgabat in Turkmenistan took the first spot as the most expensive city in which to live. Ashgabat has had high levels of inflation since 2019, so this isn’t surprising, but it has taken the first spot from the infamously expensive Hong Kong.

Advertisement

Photo: Unsplash

So how does Copenhagen score compared to our Nordic neighbours? Well, Stockholm has climbed 61 spots since last year, making it the 72nd most expensive city in which to live. Oslo has also risen up the ranks by 21 spots since last year, becoming the 55th most expensive city in the world this year. So, our Scandinavian neighbours are also seeing a significant hike in living prices. You can download the full report on the Mercer website.

Read more: Over 50% Of Denmark’s Electricity In 2020 Came From Renewable Energy Sources