New York City Ranked as the World's "Top" City

New York City was recently ranked as the world’s top city.Photo by(MK Feeney/Flickr)

The City That Never Sleeps was recently crowned the best city in the world

New York City — "Start spreadin' the news...I'm leavin' today. I want to be a part of it...New York, New York." Sinatra's dedication to the City of Dreams still rings true almost 50 years later.

According to an Oxford Economics report, released on Tuesday, New York City ranks as the best city on the planet.

Oxford's inaugural Global Cities Index, which conducts the study, has been described as a “comprehensive evaluation of the world’s 1,000 largest urban economies.”

The Index used five broad categories — ranging from economics to quality of life — to determine its rankings. New York City “has the largest economy of any city in the world by far,” according to Oxford Economics.

Indeed, for as highly publicized as NYC's cost of living has been of late, in which other city can a "broke" college student do the following?

• Ride around the entire city for less than $3 (subway).

• Get a full stomach for less than $5 (dollar slice of pizza).

• And, oh, take a date to the world's top museum for free on a Friday night (the MoMA).

Aha! No wonder the Pulitzer Prize-winning writer, John Updike, went so far as to have said that "the true New Yorker secretly believes that people living anywhere else have to be, in some sense, kidding."

Apparently, Oxford's Global Cities Index agrees.