Tel Aviv is world's priciest city, outranking Paris in new report December 02, 2021 at 12:19AM

Tel Aviv has emerged as the most expensive city to live in, according to the Economist Intelligence Unit, a research group linked to the Economist magazine. The city, which was previously ranked 5th most expensive, has now surpassed other pricy places like Paris and Singapore. Economists attribute the jump to a strong appreciation of the shekel against the dollar.