San Francisco

San Francisco tops list of most expensive places to live in the world

An aerial view of the Golden Gate Bridge. Photo: Ezra Shaw/Getty Images

A new study conducted by Walletwyse shows that out of 540 cities around the world, San Francisco has the most expensive rent averaging $3,500 per month.

The runner ups: Hamilton, Bermuda took the second spot with an average rent of $3,400 a month. Manhattan, New York ranked third with a $3,050 average price tag. San Jose, California — about 50 miles south of San Francisco — was slated fourth at $2,500. And Hong Kong tied with Oakland, California for the fifth spot with an average monthly rent of $2,450.

The big picture: Uber and Lyft's scooter plans in San Francisco

Photo: Justin Sullivan/Getty Images

Uber and Lyft are once again in competition as they have both applied for San Francisco’s limited scooter-sharing permits — and while there are overarching similarities in their plans, there are also some key differences, including picking different scooter manufacturers.

The big picture: In total, 12 companies have applied for five permits, including scooter-centric startups Bird and Lime, original scooter brand Razor, and some lesser-known newcomers in addition to the two ride-hailing giants.