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Discussion Starter · #1 · (Edited)
top 50 rankings for cost of living







Moscow is the world’s most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. London is in second position, climbing three places since last year. Seoul moves down one place in the ranking to take third place, followed by Tokyo in fourth. Asuncion in Paraguay is the least expensive city for the fifth year running.




Mercer's annual Cost of Living Survey covers 143 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.* It is the world’s most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowances for their expatriate employees.

Top 50 rankings
Europe, Middle East, Africa: Europe dominated the top 50, placing 30 cities on the list and capturing six of spots in the top ten. Strong currencies helped push most European cities higher for 2007.



Africa placed five cities in the top 50, with Douala, Cameroon on top with a rank of 24. Four of the African cities climbed in the rankings while Lagos, Nigeria dropped from 31 to 37.



Four cities in the Middle East were in the top 50 for 2007, lead by Tel Aviv, Israel in 17th place. Istanbul, Turkey took the biggest drop in the top 50, from 15th to 38th.



Asia: Eight Asian cities were on the top 50 list, led by Seoul, Korea in third place. The biggest mover was Taipei, Taiwan which dropped from 28th to 48th.



Americas: Only two US cities made the list (New York City at 15th and Los Angeles at 42nd) thanks to the weak US dollar. No Canadian or Latin American cities were in the top 50.



Australasia: Sydney was the lone representative in the top 50, placing 19th.



* Note that the Cost of Living Indicies contained in our press release and this related article have been prepared specifically for our press release and article. The indicies are based on Mercer's cost of living database and are modified to include housing and to reflect constant weighting and basket items. The results may differ from those calculated for Mercer's clients who use the results solely for the purpose of expatriate compensation. We do not recommend that expatriates use these figures to compare their own compensation packages.





Mercer Human Resource Consulting

Cost of Living Survey - Worldwide Ranking 2007

(including housing)



Top 50



Base City: New York, USA (=100)

Rankings

Cost of Living index

March 2007


http://www.mercerhr.com/referencecontent.jhtml?idContent=1095320











1 MOSCOW

Russia

134.4



2 LONDON

United Kingdom

126.3



3 SEOUL

South Korea

122.4



4 TOKYO

Japan

122.1



5 HONG KONG

Hong Kong

119.4



6 COPENHAGEN

Denmark

110.2



7 GENEVA

Switzerland

109.8



8 OSAKA

Japan

108.4



9 ZURICH

Switzerland

107.6



10 OSLO

Norway

105.8



11 MILAN

Italy

104.4



12 ST. PETERSBURG

Russia

103



13 PARIS

France

101.4



14 SINGAPORE

Singapore

100.4



15 NEW YORK CITY, NY

United States

100



16 DUBLIN

Ireland

99.6



17 TEL AVIV

Israel

97.7



18 ROME

Italy

97.6



19 VIENNA

Austria

96.9



20 BEIJING

China

95.9



21 SYDNEY

Australia

94.9



22 HELSINKI

Finland

93.3



23 STOCKHOLM

Sweden

93.1



24 DOUALA

Cameroon

92.9



25 AMSTERDAM

Netherlands

92.2



26 MADRID

Spain

92.1



26 SHANGHAI

China

92.1



28 KIEV

Ukraine

91.4



29 ATHENS

Greece

90.6



30 ALMATY

Kazakhstan

89.6



31 BARCELONA

Spain

89.2



31 BRATISLAVA

Slovak Republic

89.2



33 DAKAR

Senegal

89



34 DUBAI

United Arab Emirates

88.8



35 ABIDJAN

Cote d'Ivoire

88.3



36 GLASGOW

United Kingdom

88.1



37 LAGOS

Nigeria

88



38 ISTANBUL

Turkey

87.7



39 MUNICH

Germany

87.6



40 FRANKFURT

Germany

87.4



41 BIRMINGHAM

United Kingdom

87.2


42 LOS ANGELES, CA

United States

87.1



43 LUXEMBOURG

Luxembourg

87



44 BRUSSELS

Belgium

86.5



45 ABU DHABI

United Arab Emirates

85.9



45 BERLIN

Germany

85.9



45 DUSSELDORF

Germany

85.9



48 TAIPEI

Taiwan

85.8



49 PRAGUE

Czech Republic

85.6



50 ALGIERS
Algeria

85.1
 

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London... second?! I know first hand it's expensive as I travel up there quite regularly, but I would have expected Zurich, Honk Kong or Tokyo would have topped it...

Poor show with Dubai being so slow.... Has the more supercars roaming the streets than you could ever imagine but its not anywhere near the top 20 :\ Guess it's why so many rich British expats locate to... the tax free life also.
 

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London... second?! I know first hand it's expensive as I travel up there quite regularly, but I would have expected Zurich, Honk Kong or Tokyo would have topped it...

Poor show with Dubai being so slow.... Has the more supercars roaming the streets than you could ever imagine but its not anywhere near the top 20 :\ Guess it's why so many rich British expats locate to... the tax free life also.
oh plz :eek:hno:

Let our rank drop :D
 

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Discussion Starter · #9 ·
its cuz of many new apartment towers (5 million $ for 1 apartment OMG)

even 15 million $ for an apartment in such tower in Tel Aviv :eek:hno:
 

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^^ attitude! :eek:hno: :lol:


ok heres the thing, isn't most expensive city a bad thing !! lool why are people competing in this title :p
 

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shugs; said:
London... second?! I know first hand it's expensive as I travel up there quite regularly, but I would have expected Zurich, Honk Kong or Tokyo would have topped it...

Poor show with Dubai being so slow.... Has the more supercars roaming the streets than you could ever imagine but its not anywhere near the top 20 :\ Guess it's why so many rich British expats locate to... the tax free life also.
Its called property prices and in London if you aren't in Lakshmi Mittal or Richard Branson's inner circle or somewhere closer, just pack your bags and go elsewhere. My city Johannesburg, South Africa is in the bottom ten, something like 136, so i am not complaining at all. Just trying to buy up more properties before it goes up that list.
 

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CrazY; said:
^^ attitude! :eek:hno: :lol:


ok heres the thing, isn't most expensive city a bad thing !! lool why are people competing in this title :p
Its all about demand and supply, that's why a decent 2 bedroom apartment in Douala, Cameroon will cost you $2000, more or less the same as NYC because Douala has few of those apartments in supply with more demand for them. While NYC will definitely have a huge stock of 2 bedroom apartments the demand for those however far outstrip the supply which pushes the rentals prices higher.

So Johannesburg is in a unique position. It has a high supply of these, but the demand has not outstripped supply yet and that's why the rentals for 2 bedroom apartment is still below $700 per month. Other problems in African cities for example which drive their cost of living higher is lack of competition, where a retailer can charge exorbitant prices and most of the goods having to be imported. I have visited Ghana often for example and found that most of the beef in high end restaurants had to be imported from South Africa and cost twice as much there than in South Africa.
 
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