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6 of the Top 10 Most Expensive Cities for Expats are in Asia in 2018 Mercer Survey

6 of the Top 10 Most Expensive Cities for Expats are in Asia in 2018 Mercer Survey

6 of the top 10 most expensive cities for expatriates are in Asia with Hong Kong being the most expensive city in the world, in a 2018 report released in the 24th edition of Mercer Cost of Living Survey.  The 2nd most expensive city is Tokyo (Japan) and 3rd is Zurich (Switzerland).  The 4th and 5th most expensive cities are Asian cities Singapore and Seoul.  This also means 4 out of the top 5 most expensive cities are in Asia.  The other Asian cities in the top 10 are Shanghai (7th) and Beijing (9th).

” 6 of the Top 10 Most Expensive Cities for Expats are in Asia in 2018 Mercer Survey “

The figures for Mercer’s cost of living and rental accommodation cost comparisons are derived from a survey conducted in March 2018.  Governments and major companies use data from this survey to protect the purchasing power of their employees when transferred abroad and rental accommodation costs data is used to assess local expatriate housing allowances.

List of Top 10 Most Expensive Cities for Expatriates:

  1. Hong Kong (China SAR)
  2. Tokyo (Japan)
  3. Zurich (Switzerland)
  4. Singapore (Singapore)
  5. Seoul (Korea)
  6. Luanda (Angola)
  7. Shanghai (China)
  8. Ndjamena (Chad)
  9. Beijing (China)
  10. Bern (Switzerland)

New York City is used as the base city for all comparisons, and currency movements are measured against the US dollar. The survey includes over 375 cities throughout the world; this year’s ranking includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment. 

Source: Mercer

 

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