Want to live in the world’s most expensive city? Head out for London. The skyrocketing property rentals and the escalating transport cost of London have made it the world’s most expensive city. The cost of living in London is more than double the cost of residing in Los Angeles. London is followed by Oslo, the capital of Norway, where the average price of a bottle of decent wine is around $28. Most of the expensive cities in the world are located in Europe. Outside Europe, New York is the most expensive city occupying the fifth spot in the top 20 most expensive cities in the world list. For more on the world’s most expensive cities visit the link below.