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Tel Aviv is now even more expensive than New York By Hadar Tadmor Tel Aviv is more expensive to live in than New York, according to the 2008 cost-of-living survey compiled by the Mercer human resources consultancy. Tel Aviv has risen to 14th place in the survey's ranking of the world's 50 most expensive cities, up three places from its position for the last two years, when the Big Orange was ranked 17. Advertisement Israel's economic hub was given 105 points on the index, as opposed to 97.7 last year. For the third year in a row, the survey has found Moscow to be the most expensive city to live in, with 142.2 points. The least expensive of the top 50 cities is Hamburg, at only 89.9 points. In the survey, Mercer ranked 143 cities on six continents by comparing the prices of 200 different goods and services. These included housing, transportation, food, clothing, entertainment and household goods. The company used New York as the index's average at 100 points; the Big Apple fell from last year's 15th place to 22nd. Los Angeles came in at only number 55. Mercer noted that this year's survey showed that the gap between the world's most and least expensive cities seems to be widening. "Current market conditions have led to the further weakening of the U.S. dollar which, coupled with the strengthening of the euro and many other currencies, has caused significant changes in this year's rankings," said Mercer's Yvonne Traber. Of course, the shekel being the world's strongest currency of late has made Tel Aviv more expensive. "Although the traditionally expensive cities of Western Europe and Asia still feature in the top 20, cities in Eastern Europe, Brazil and India are creeping up the list. Conversely, some locations such as Stockholm and New York now appear less costly by comparison," Traber said. Tokyo was second, followed by London, Oslo and Seoul. Rome was 18. Tel Aviv remains the most expensive city in the Middle East. At the bottom of the table, for the sixth year in a row, was Ascuncion in Paraguay. Just slightly more expensive were Karachi, Montevideo and Buenos Aires. Bookmark to del.icio.us   Former top spy speaks Ex-Mossad chief Halevy says a strike on Iran would affect Israel for 100 years. Trying Hitler Did a light sentence in a Munich trial pave the way for Hitler's rise to power?

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