Manchester is rocketing up the global cost of living league, according to new research by The Economist Intelligence Unit.

It is now the 11th most expensive European city

Ranked by the price of 160 products and services - ranging from food to entertainment and electricity bills - Manchester has surpassed a number of major global cities including Barcelona, Washington DC, Berlin, Milan, San Francisco, Rome and Stockholm.

It is now the 11th most expensive European city and the 26th in the world, climbing thirteen places from last year.

For a third consecutive year, Singapore is the most expensive city in the world, whilst London has moved up five places to 6th.

But don’t go packing those bags and hopping on a plane to Lusaka in Zambia (the world's cheapest city) just yet, a spokesperson for The Economist told ThisIsMoney:

“Manchester’s rise up the rankings came as a result of a stronger pound compared to other European currencies.

“Price levels in Manchester won’t have changed that much but compared to its global peers it has become more expensive.”

What's more... it's still 15% cheaper to live in than London.

The Top 10 Most Expensive Cities In The World:

1. Singapore

2. Zurich

3. Hong Kong

4. Geneva

5. Paris

6. London

7. New York

8. Copenhagen

9. Seoul

10. Los Angeles

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