According to the Economist Intelligence Survey’s latest Worldwide Cost of Living, London is now officially cheaper than New York. The survey found that, for the first time since 2002, London is more affordable to inhabit and visit. The survey compares prices and products in 140 worldwide cities; New York ranks No. 23, while London ranks No. 27. Weakening exchange rates and the gaining strength of the dollar have contributed. London is approximately 25 percent cheaper to visit now than at the same time last year. Read more about London here.

Source: Global Traveler

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Ellen Barone has been creating words and images for travel and tourism since 1998. She co-founded and publishes the group travel blog and is currently at work on her first book "I Could Live Here".