- List of most expensive cities for expatriate employees
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These are lists of the world's most expensive cities, according to the Mercer Human Resource Consulting,[1] Economist Intelligence Unit[2] and ECA International[3] cost-of-living surveys. Other surveys from online collaborative indices, such as Numbeo[4] or Expatistan[5] are not covered by this article.
Various factors enter into a city's cost-of-living for expatriate employees, such as monetary value, consumer confidence, investment, interest rates, exchange rates of the country's currency, and housing costs. This list does not account for cost-of-living savings accrued to local citizens through government-subsidized housing, health care, and education, differences in taxation, and many other factors irrelevant to expatriates. Cost of living may be much higher for expatriates than for local residents in a developing country, especially if expatriates expect a standard of living similar to a developed country.
Contents
Mercer
Mercer's Cost of Living surveys are taken in March of each year.
The survey covers 214 cities around the world and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city and all other cities are compared against New York. The cost of housing plays an important part in determining where cities are ranked.
Two main factors determine a city’s ranking in Mercer’s survey - the relative strength of the relevant currency against the US dollar over the prior 12 months and price movements over the prior 12 months compared to those in New York City as the base.
Rank
2011Rank
2010Mvmt City Country Region 1 1
—Luanda
AngolaMiddle East and Africa 2 2
—Tokyo
JapanAsia Pacific 3 3
—N'Djamena
ChadMiddle East and Africa 4 4
—Moscow
RussiaEurope 5 5
—Geneva
SwitzerlandEurope 6 6
—Osaka
JapanAsia Pacific 7 8
+1Zurich
SwitzerlandEurope 8 11
+3Singapore
SingaporeAsia Pacific 9 8
−1Hong Kong
ChinaAsia Pacific 10 21
+11São Paulo
BrazilAmericas 11 19
+8Nagoya
JapanAsia Pacific 12= 7
−5Libreville
GabonMiddle East and Africa 12= 29
+17Rio de Janeiro
BrazilAmericas 14 24
+10Sydney
AustraliaAsia Pacific 15 11
−4Oslo
NorwayEurope 16 22
+6Bern
SwitzerlandEurope 17 10
−7Copenhagen
DenmarkEurope 18 17
−1London
United KingdomEurope 19 14
−5Seoul
South KoreaAsia Pacific 20 16
−4Beijing
ChinaAsia Pacific 21= 25
+4Shanghai
ChinaAsia Pacific 21= 33
+12Melbourne
AustraliaAsia Pacific 23 23
—Niamey
NigerMiddle East and Africa 24 19
−5Tel Aviv
IsraelMiddle East and Africa 25 13
−12Victoria
SeychellesMiddle East and Africa 25 15
−10Milan
ItalyEurope 27 17
−10Paris
FranceEurope 28 67
+39Ougadougou
Burkina FasoMiddle East and Africa 29 30
+1St. Petersburg
RussiaEurope 30 60
+30Perth
AustraliaAsia Pacific 31 55
+24Brisbane
AustraliaAsia Pacific 32 27
−5New York City
United StatesAmericas 33 70
+37Brasilia
BrazilAmericas 34 26
−8Rome
ItalyEurope 34 74
+40Canberra
AustraliaAsia Pacific 36 28
−8Vienna
AustriaEurope 37 38
−1Nouméa
New CaledoniaAsia Pacific 38 38
—Guangzhou
ChinaAsia Pacific 39 76
+37Stockholm
SwedenEurope 39 62
+23Djibouti
DjiboutiMiddle East and Africa 41 62
+21Lagos
NigeriaMiddle East and Africa 42 31
−9Helsinki
FinlandEurope 43 42
−1Shenzhen
ChinaAsia Pacific 44 32
−12Dakar
SenegalMiddle East and Africa 44 141
+97Khartoum
SudanMiddle East and Africa 46 90
+44Adelaide
AustraliaAsia Pacific 47 47
—Prague
Czech RepublicEurope 48 36
−12Baku
AzerbaijanAsia Pacific 49 33
−16Bangui
Central African RepublicMiddle East and Africa 50 35
−15Amsterdam
NetherlandsEurope 51 100
+49Caracas
VenezuelaAmericas 52 N/A N/A Taipei
Republic of ChinaAsia Pacific 59 76
+17Toronto
CanadaAmericas 65 N/A N/A Vancouver
CanadaAmericas 67 84
−17Abu Dhabi
United Arab EmiratesMiddle East and Africa 69 N/A N/A Jakarta
IndonesiaAsia Pacific 77 55
−22Los Angeles
United StatesAmericas 79 N/A N/A Montreal
CanadaAmericas 81 55
−26Dubai
United Arab EmiratesMiddle East and Africa 85 N/A N/A New Delhi
IndiaAsia Pacific 88 N/A N/A Bangkok
ThailandAsia Pacific 95 N/A N/A Mumbai
IndiaAsia Pacific 96 N/A N/A Calgary
CanadaAmericas 103 83
−20Amman
JordanMiddle East and Africa 104 N/A N/A Kuala Lumpur
MalaysiaAsia Pacific 108 91
−17Chicago
United StatesAmericas 108 111
+3Washington
United StatesAmericas 114 N/A N/A Ottawa
CanadaAmericas 131 151
+20Johannesburg
South AfricaMiddle East and Africa 136 N/A N/A Hanoi
VietnamAsia Pacific 144 N/A N/A Aberdeen
United KingdomEurope 148 N/A N/A Glasgow
United KingdomEurope 150 N/A N/A Birmingham
United KingdomEurope 158 171
+13Cape Town
South AfricaMiddle East and Africa 178 N/A N/A Belfast
United KingdomEurope 180 N/A N/A Bangalore
IndiaAsia Pacific 186 N/A N/A Portland
United StatesAmericas 197 N/A N/A Winston-Salem
United StatesAmericas 207 N/A N/A Tunis
TunisiaMiddle East and Africa 211 N/A N/A Addis Ababa
EthiopiaMiddle East and Africa 212 N/A N/A La Paz
BoliviaAmericas 213 N/A N/A Managua
NicaraguaAmericas 214 N/A N/A Karachi
PakistanAsia Pacific Economist Intelligence Unit
The Economist Intelligence Unit's Worldwide Cost of Living ranking is based on price data that are adjusted for recent exchange-rate movements.[6] The price of housing, generally the largest cost of living, is not included as this tends to be provided by the company and does not factor in adjusting the salary of the expatriate employee.
Top ten locations surveyed (2011) Rank
2011Rank
2010Mvmt City Country 1 1
—Tokyo
Japan2 2
—Oslo
Norway3 4
+1Osaka
Japan4 3
−1Paris
France5 7
+2Zurich
Switzerland6 8
+2Sydney
Australia7 9
+2Melbourne
Australia8 5
−3Frankfurt
Germany9 12
+3Geneva
Switzerland10 11
+1Singapore
SingaporeBottom ten locations surveyed (2011) Rank
2011Rank
2010Mvmt City Country 124 123
−1Dhaka
Bangladesh124 128
+4Manila
Philippines126 125
−1Panama City
Panama126 127
+1Algiers
Algeria128 124
−4Jeddah
Saudi Arabia129 129
—New Delhi
India130 132
+2Tehran
Iran131 132
+1Mumbai
India132 129
−3Tunis
Tunisia133 134
+1Karachi
PakistanECA International
The top 20[7] most expensive cities for expatriates according to surveys of almost 400 cities released in March 2010 and 2009[8] by ECA International. Surveys are done every March and September. The survey does not include certain living costs such as accommodation, utilities (electricity, gas, water costs), car purchase and school fees. These are usually compensated for separately in expatriate packages from cost of living allowances.
2010 City 2009 1
Tokyo, Japan1 2
Oslo, Norway4 3
Luanda, Angola6 4
Nagoya, Japan7 5
Yokohama, Japan2 6
Stavanger, Norway4 7
Kobe, Japan3 8
Copenhagen, Denmark8 9
Geneva, Switzerland9 10
Zürich, Switzerland10 11
Bern, Switzerland13 12
Basel, Switzerland11 13
Libreville, Gabon12 14
Helsinki, Finland15 15
Moscow, Russia29 16
Paris, France16 17
Abidjan, Ivory Coast17 18
Abuja, Nigeria19 19
Tel Aviv, Israel24 20
Seoul, Korea Republic102 See also
- Expatriate
- Global city
- World's most livable cities
- Quality of Living Survey
- List of the richest cities in the world
- Megacity
- Worldwide ERC
Sources
- Vadgama's Dictionary of Interesting Facts
- Mercer Cost of Living Survey
- Finfacts Ireland
- BBC News article referring to the survey
- MCMXCIII News article about the survey
- CNNMoney.com article about the survey by the Economist Intelligence Unit
- The Economist Intelligence Unit (EIU)
- Global/Worldwide Cost of Living
- ECA International Cost of Living Survey March 2010
- June 0622_most_expensive_cities/1.htm Business Week The Worlds Most Expensive Cities article
- Wall Street Journal Japan gets cheaper, and more expensive blog
References
- ^ Mercerhr.com
- ^ EIU.com
- ^ ECA-international.com
- ^ Numbeo.com
- ^ Expatistan.com
- ^ Data copied from a blog
- ^ ECA-international.com
- ^ Yahoo! Finance
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