One of the fastest growing economies in the world, Singapore's per capita income is also one of the highest -- at $51,709. But thanks to a history of high inflation and taxes, residents still pay top dollar for goods and services.
When eating at a restaurant in Singapore, for example, be prepared to fork over a 7% goods and services tax and pay a 10% service charge, according to the Inland Revenue Authority of Singapore.
Source: Mercer Cost of Living Survey 2013, conducted in 214 cities to help international companies assess the costs of relocating employees abroad. It looks at the cost in U.S. dollars of over 200 everyday items, such as monthly rent for a luxury, 2-bedroom unfurnished apartment, a movie ticket for an international release, a fast-food hamburger meal, and more. All cities are compared to New York City and currency movements are based against the U.S. dollar. Monthly rent based on luxury, two bedroom apartments (with the exception of N'Djamena, Chad)
By Angela Johnson @ANJ0817 - Last updated July 24 2013 08:11 AM ET