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Stockholm Has Climbed 61 Spots To Become The World’s 72nd Most Expensive City

Katherine Notman Katherine Notman

Stockholm Has Climbed 61 Spots To Become The World’s 72nd Most Expensive City

It’s a huge change from last year’s stats.

The cost of living in Stockholm has increased massively between last year and this year, according to Mercer’s annual Cost Of Living ranking. In 2020 the city was a significantly less expensive place to live, ranking as the 133rd most expensive city in the world. However, this year Stockholm has made it to number 72, leaving 61 cities below it.

This huge increase in living costs is obviously not a plus for residents of the city, whom it seems have had to shell out more money this year than last year. However, the cold, desert city of Ashgabat in Turkmenistan took the first spot as the most expensive city in which to live. Ashgabat has had high levels of inflation since 2019, so this isn’t surprising, but it has taken the first spot from the infamously expensive Hong Kong.

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Photo: Unsplash

So how does Stockholm score compared to our Nordic neighbours? Well, Copenhagen has blown everybody else out of the water, coming in as the 16th most expensive city in which to live. That means it’s climbed 9 spots since last year. Oslo has also risen up the ranks by 21 spots since last year, becoming the 55th most expensive city in the world this year. So, our Scandinavian neighbours are also seeing a significant hike in living prices. You can download the full report on the Mercer website.

Read more: Weakening Of The Gulf Stream Could Bring Winter Lows Of -50°C To Sweden