Mercer’s ranking compares prices in excess of 200 items in 209 cities to determine the most expensive cities to live in for expats.
Hongkong is the world’s most expensive city for expats for the 2nd year in a row as a result of their real estate industry. An espresso in Hong Kong could cost close to 8$.
Tokyo came in 2nd, followed closely by Singapore, Seoul, Zurich, Shanghai, Ashgabat, Beijing, New York and Shenzhen. Some of the most expensive cities for expats are in Asia.
Brussels in this case listed a decline from 67th to 77th place. Cindy Van Loo, mobility adviser at Mercer Belgium, says that”the sharp drop in Brussels is principally as a result of development of different cities at the standing”.
The survey is designed to assist multi national corporations and authorities establish reimbursement premiums to get their expatriate staff. The standing, which comprises 209 cities this season, is predicated on the fee comparison of numerous parameters, including housing, transportation, food, clothing, household goods and entertainment.” The sharp drop in Brussels is principally as a result of development of different cities at the standing,” says Cindy Van Loo, mobility adviser at Mercer Belgium.
Photo from Yeo Khee on Unsplash
“Despite moderate price increases in the majority of European cities, the currencies of those older continent have dropped against the dollar, that has lowered the standing of the majority of cities. Other aspects such as recent security concerns and concerns regarding the economic outlook have affected the region.”
Bern includes 12th at the positions, Geneva 13 Th, London 23rd, Moscow 27th, Milan 45th, Paris 47th, Oslo 61st, St. Petersburg 75th, Berlin 81st, Madrid 82nd, Prague 97th and Warsaw 173rd.
The survey from Mercer Consultancy is designed to help corporations and authorities set up reimbursement premiums for their expatriate staff.