Kyoto, Japan, has the highest cost of living in Asia according to the *Numbeo Cost of Living Index 2018*. The cost of living index for this Japanese city reached 100.33, meaning it is 0.33% more expensive than New York.
Meanwhile, Tokyo has the second-highest cost of living with an index of 93.81, followed by Singapore in third place with an index of 91.4. Of the 10 most expensive cities in the world, three are located in Japan, three in Israel, and one each in Singapore, Hong Kong, Palestine, and South Korea. Jakarta ranks 42nd with an index of 46.47.
The *Cost of Living Index 2018* uses the cost of living in New York City (index=100) as a benchmark. An index above 100 indicates that the cost of living in a city is higher than in New York City. Conversely, an index below 100 indicates a lower cost of living than in New York City. The cost of living index calculation uses several indicators, including comparative prices for apartment rent, groceries, food and beverages at restaurants, and consumer goods.