The Economist's annual cost-of-living survey puts Sydney in tenth place, ranking it as more expensive than London and New York.
The Economist's Intelligence Unit's annual cost-of-living survey has ranked Sydney in tenth place, rating its cost of living as more expensive than London and New York, and cheaper than only two other Asia Pacific cities, Singapore, which is rated as the most expensive city in the world, and Hong Kong.
Sydney moved four places up the ranking compared with last year.
The majority of the top ten cities were in Europe: Paris (2), Zurich (3), Oslo (5), Geneva (6), and Copenhagen (8).
Source: The Economist's Intelligence Unit.
No US cities made the top ten, due to the weaker US dollar, the report says.
The Economist's annual cost-of-living survey compares the prices of more than 400 items, including the prices of food, drink, clothing, household supplies, rent, transport, utility bills, private schools, domestic help, and recreational costs.
The survey is conducted to help employers develop appropriate pay packages for employees that live overseas or who travel extensively.
Click here to download The Economist's 'Worldwide cost of living 2018' report.
Read more about Australian cities' rankings on global lists:
Sydney, Melbourne make top 20 for Knight Frank Prime Residential Index
Global house prices running out of steam: Knight Frank
Melbourne the 'World's Most Liveable City' for seven years, while Sydney remains outside the top ten