It is the first time New York has topped the rankings of most expensive cities.
Singapore has emerged as the joint-most expensive cities to live in.
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Last year's number one, Israel's Tel Aviv, is now placed third.
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Hong Kong is ranked 4th on the list of most expensive cities in the world. It's special administrative region of China.
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Los Angeles in a tie for fourth place with Hong Kong
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Zurich in Switzerland stands sixth. Another global centre for banking and finance, the beautiful city is famous for its museums and art galleries.
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Geneva — the second-most populous city after Zurich — is the seventh most expensive city in the world.
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San Francisco, California is on rank eight. It is home to the famous Golden Gate Bridge
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France's Capital Paris ranked 9th on the list.
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Denmark's capital Copenhagen stands10th on the most expensive list.
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