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World's most expensive cities

$9 for a loaf of bread in Tokyo? $2,100 for a dinner bill in Paris? To see which cities are the most expensive for employees and travelers, the Economist looked at the prices -- in U.S. dollars -- of everyday items in cities worldwide.

4. Melbourne, Australia (tie)

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most expensive cities melbourne australia

Like Sydney, Melbourne has seen its cost of living jump significantly in the past decade due to the strengthening Australian currency.

Loaf of bread: $4.87

Bottle of table wine: $25.03

Liter of milk: $2.00

High-end 3-course dinner for four, with wine: 794.85

Source: The Economist Intelligence Unit's 2013 Worldwide Cost of Living Index. Conducted twice yearly, the survey compares in U.S. dollars the average prices of 160 everyday goods and services, including food, drink, rent, clothing, household supplies and transportation. More than 50,000 individual prices were collected to create average prices for goods and services in 131 cities.
By Melanie Hicken   @melhicken - Last updated February 06 2013 06:07 AM ET
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