Seoul is the third most expensive city in the world. Do you agree with this?

Question

I just read that Seoul is the third most expensive city in the world. !. Moscow. 2. London 3. Seoul. i live in Seoul and I don't find it should be ranked this high. Besides purchasing a home, I found Canada to be more expensive than Seoul for most things.

http://news.yahoo.com/s/ap/20070618/ap_on_bi_ge/world_s_expensive_cities

Answer 1

Keep in mind that you have to pay 10s of thousands of dollars as an apartment deposit. Houses are outrageous and food and most other consumer goods are either imported or just domestic and overpriced. You can live cheaply in Korea as a foreigner if you try, but need bucks to live reasonably well as a Korean.

Answer 2

Yea I don't agree. Not to be ethnocentric about my city, but I feel NYC is damned expensive, I do not know about Seoul but I guess the statistics do not lie

Answer 3

Yes, it is the third most expensive. It might not seem like it because you live there.
Most Expensive Cities:
1) Moscow
2) London
3) Seoul
4) Tokyo
5)Asuncion (located in Paraguay)

Hope it helped!

Answer 4

Not entirely.
These are just estimates.
For instance, in Tokyo, it is 2.5 dollars for a can of coke, whereas in Seoul it is 0.5 dollars.

Answer 5

I guess things have changed recently and many people do complain about the costs of high standard of living.

Answer 6

are the houses in Korea overvalued? I think so.