10 of the most expensive cities in the world for wine

The Economist has released its annual Worldwide Cost of Living 2018 report, revealing the most expensive cities in the world, and  the cost of a bottle of wine there, with drastic variations between the top 10 cities.

In its 2018 Cost of Living index, The Economist Intelligence Unit compares more than 50,000 individual prices across 160 products and services including categories like food, drink, clothing, household supplies, rent, transport, and utility bills.

Prices are surveyed in the off-trade, analysing supermarkets, mid-priced stores and higher-priced speciality outlets to determine an average.

“Prices gathered are then converted into a central currency (US dollars) using the prevailing exchange rate and weighted in order to achieve comparative indices.”

In 2018, the world’s most expensive city overall is, for the fifth year running, Singapore.

However within their report, the team details how much a bottle of table wine (750 ml) costs throughout the world’s top 10 most expensive cities, with the prices varying from $3.35 to $28.77, giving an insight into where your cash will stretch furthest.

Within the top 10 most expensive cities, listed below in ascending order, the cost of a bottle of wine varies by $20, with three Asian cities making the top five.

In nearly all cities, with the exception of Singapore where the cost of a bottle of wine did not change from 2017 to 2018, wine prices in these cities rose across the board from the previous year.

Paris saw the biggest increase, with the cost of a bottle of wine rising by 15% in 2018 compared with 2017. Oslo meanwhile has seen a significant drop in the cost of a bottle of wine, when comparing the average price over a 10-year period.

The 10 most expensive cities in the world based on overall cost of living. Source: The Economist Intelligence Unit – Worldwide Cost of Living 2018

Click through to see the top 10 most expensive cities in the world to buy a bottle of wine…

Source: The Economist Cost Intelligence Unit – Worldwide Cost of Living 2018, based on the average US$ price for one bottle of table wine (750ml).

One Response to “10 of the most expensive cities in the world for wine”

  1. Dan O'Keefe says:

    I’m pretty confident that Toronto, Ontario, Canada would crack the top 10 for average cost of a bottle of table wine. I believe the provincial laws prohibit a 750ml bottle of wine from being sold below about $9 CAD, and very few are priced at that point.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Brand and Marketing Manager

New Generation Wines
London, UK

On-Trade Regional Sales Manager

Anthony Byrne Fine Wines
West Midlands & Northants

Logistics Team Leader

Speciality Drinks
London, UK

Key Account Executive

Berkmann Wine Cellars
London, UK

London Account Manager

Speciality Drinks
London, UK

Assistant Operations Manager

Speciality Drinks
London, UK

National Account Manager

Berkmann Wine Cellars
London, UK

Sales - Global Wine Competitions

The Drinks Business
London, UK

London Business Development Manager

Vine Distribution Services
Chelmsford, UK

Customer Services Administrator

Speciality Drinks
London, UK

The International Food and Drink Event 2019

London,United Kingdom
17th Mar 2019

Prowein 2019

Düsseldorf,Germany
17th Mar 2019

Vinitaly 2019

Verona,Italy
7th Apr 2019
Click to view more

The Prosecco Masters 2019

Deadline : 22nd March 2019

The Global Sparkling Masters 2019

Deadline : 25th March 2019

Click to view more

The Global Riesling Masters 2018

View Results

Rioja Masters 2018

View Results

Click to view more