10 most expensive cities in the world to live revealed

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How Are NYC, LA Catching Up to the World's Most Expensive City?

The U.S. dollar is getting stronger. And while that's making travel cheaper for Americans, living here, on the other hand, is getting more expensive.

New York City and Los Angeles both made the Economist Intelligence Unit's list of the top 10 most expensive cities in the world.

SEE ALSO: The 20 cities where Americans have the longest commute to work

Los Angeles tied with two cities for eighth on the list, and New York City comes in at No. 7.

Take a peek at the full ranking below:

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The 10 most expensive cities to live in the world
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10 most expensive cities in the world to live revealed

8. TIE - Los Angeles, US

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8. TIE - Seoul, South Korea

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8. TIE - Copenhagen, Denmark

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7. New York, US

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6. London, UK

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5. Paris, France

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4. Geneva, Switzerland

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3. Hong Kong, Hong Kong

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2. Zurich, Switzerland

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1. Singapore, Singapore

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The two are gaining on many of their more expensive counterparts. The most expensive city in the world –– Singapore –– held its title for the third year in a row, but its lead dwindled.

In Europe, drastic declines in the euro helped some citizens, at least in terms of cost-of-living. Paris was the second most expensive city in the world just a year ago, and it now sits at fifth.

New York City's population grew at a slow but significant rate during most of 2015, as international migrants coming in have outpaced Americans leaving the city.

Immigration and the birth rate have dramatically slowed in Los Angeles, though, making its future in the top 10 most expensive cities uncertain.

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