Sydney has officially been named as one of the world's most expensive cities trends now
Sydney has been ranked the world's tenth most expensive city to live in, with researchers taking into account the price of rent, groceries and everyday services.
The Economist Intelligence Unit (EIU) found Sydneysiders are paying some of the highest prices in the world alongside infamously expensive cities like New York and Hong Kong.
Sydney tied for the tenth with Denmark's capital Copenhagen on the biannual global ranking, which is compiled by comparing prices in US dollars for goods, services and rent in 172 cities.
Data from the Housing NSW showed the average weekly rent for a one-bedroom apartment in Sydney is $450 to $550, while a two-bedroom typically starts at $650.
Sydney (above) tied with Denmark's Copenhagen for the tenth most expensive city in the world
The Economist Intelligence Unit's biannual ranking considered the cost of rent, groceries, utilities, transport and more when placing Sydney has the world's tenth most expensive city (pictured, Sydney townhouses in Paddington)
Ukraine's capital, Kyiv, was not included in this year's ranking due to the ongoing Russian invasion.
New York City and Singapore tied for the world's most expensive cities to live in despite the former being inundated with criminal activity and the latter run by an ultra-strict regime.
Israel's capital Tel Aviv, which had topped the list last year due to its currency's rising value against the US dollar, fell to third - while Hong Kong and Los Angeles rounded out the top five.
This year also saw San Francisco reach the top 10 for the first time - the only other American city to do so.
On the other end of the rank, the Syrian
