Melbourne named least expensive Australian city

Latest Cost of Living Index by City has revealed least expensive and highest expensive city in the World.

This Index gave good and bad news for Australia.

Good news was Melburnians, it turns least expensive city of Australia Out of 218 cities worldwide.

Melbourne ranked 42nd on the Global list.

The bad news was Six Australian cities landed in the top 50 for most costly places to live.

These are the 20 most expensive cities in the world:

1. Geneva, Switzerland
2. Zurich, Switzerland
3. New York, USA
4. San Francisco, USA
5. Boston, USA
6. Reykjavik, Iceland
7. Washington, USA
8. Seattle, USA
9. Los Angeles, USA
10. Chicago, USA
11. San Diego, USA
12. Canberra Australia
13. London, UK
14. Oslo, Norway
15. Portland, USA
16. Tampa, USA
17. Miami, USA
18. Singapore, Singapore
19. Denver, USA
20. Adelaide Australia

24.Sydney Australia 

32.Perth Australia 

40.Brisbane Australia