It's a brand new year, and for many people, that means brand new resolutions - like saving some major moolah.
In fact, research shows that spending less and saving more is a resolution that has racked up about 15,905,290 searches on Google, up 17 percent from last year, reports NBC News. But it's not always as simple as skipping a restaurant meal here and there. Often, the amount you save or spend is highly dependent on where you live.
A handy new infographic from travel website The Crazy Tourist is here to explain, with details on the costs of living in popular cities around the world, including everyday expenses such as rent, Internet, milk, jeans, movie tickets and beer. To perhaps nobody's surprise, San Francisco (the second most expensive city) and New York (the third most expensive city) made the list. But others were more surprising.
The most expensive city in the world, according to the infographic, is relatively quiet Hamilton, Bermuda, where milk costs $16, Internet costs $140 and rent costs an average of $2,937. Other pricey locales include Geneva, Switzerland (the fourth most expensive city) and Hong Kong (the fifth most expensive city) - both of which are more costly than London or Dubai.
Taking a close look at the locations on this list, it's obvious that transportation of goods plays a role. Bermuda, after all, is a tiny strip of land in the middle of the Atlantic Ocean, about 665 miles from North Carolina, its closest land mass. Other cities on the list such as Honolulu, Reykjavik (in Iceland) and Auckland (in New Zealand) are also remote locations.
However, despite the high costs of rent, restaurants and even jeans ($113 in Geneva) in these cities, The Crazy Tourist points out that a beer is about $6 anywhere you go, except for Hamilton, where it's $9. Which is good, because, let's be honest: You may need some hops after checking your bank account in these cities.
Is your favorite city one of the world's most expensive? Take a look at the infographic below to find out.
h/t: Design Taxi
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