We already know that rents across L.A. have continued to rise with many people struggling to make ends meet, and now the World Cost of Living Report shows that the city is one of the most expensive places to live both in the U.S. and across the globe.
The report from the Economist’s Intelligence Unit, ranks L.A. in 8th place, tied with Copenhagen and Seoul, just one notch below New York.
Besides having bad rent prices, L.A. is also the city with the most traffic. Which is no surprise.
Not to worry, because Singapore ranked as the number one most expensive city, with Zurich and Hong Kong tied for second. Paris and London hold the 5th and 6th spots, respectively. L.A. is in 8th, but it’s still not good!