List of most expensive cities for expatriate employees
| This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (January 2011) |
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 |
[edit] 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 2011 |
Rank 2010 |
Mvmt | City | Country | Region |
|---|---|---|---|---|---|
| 1 | 1 | Luanda | Middle East and Africa | ||
| 2 | 2 | Tokyo | Asia Pacific | ||
| 3 | 3 | N'Djamena | Middle East and Africa | ||
| 4 | 4 | Moscow | Europe | ||
| 5 | 5 | Geneva | Europe | ||
| 6 | 6 | Osaka | Asia Pacific | ||
| 7 | 8 | Zurich | Europe | ||
| 8 | 11 | Singapore | Asia Pacific | ||
| 9 | 8 | Hong Kong | Asia Pacific | ||
| 10 | 21 | São Paulo | Americas | ||
| 11 | 19 | Nagoya | Asia Pacific | ||
| 12= | 7 | Libreville | Middle East and Africa | ||
| 12= | 29 | Rio de Janeiro | Americas | ||
| 14 | 24 | Sydney | Asia Pacific | ||
| 15 | 11 | Oslo | Europe | ||
| 16 | 22 | Bern | Europe | ||
| 17 | 10 | Copenhagen | Europe | ||
| 18 | 17 | London | Europe | ||
| 19 | 14 | Seoul | Asia Pacific | ||
| 20 | 16 | Beijing | Asia Pacific | ||
| 21= | 25 | Shanghai | Asia Pacific | ||
| 21= | 33 | Melbourne | Asia Pacific | ||
| 23 | 23 | Niamey | Middle East and Africa | ||
| 24 | 19 | Tel Aviv | Middle East and Africa | ||
| 25 | 13 | Victoria | Middle East and Africa | ||
| 25 | 15 | Milan | Europe | ||
| 27 | 17 | Paris | Europe | ||
| 28 | 67 | Ougadougou | Middle East and Africa | ||
| 29 | 30 | St. Petersburg | Europe | ||
| 30 | 60 | Perth | Asia Pacific | ||
| 31 | 55 | Brisbane | Asia Pacific | ||
| 32 | 27 | New York City | Americas | ||
| 33 | 70 | Brasilia | Americas | ||
| 34 | 26 | Rome | Europe | ||
| 34 | 74 | Canberra | Asia Pacific | ||
| 36 | 28 | Vienna | Europe | ||
| 37 | 38 | Nouméa | Asia Pacific | ||
| 38 | 38 | Guangzhou | Asia Pacific | ||
| 39 | 76 | Stockholm | Europe | ||
| 39 | 62 | Djibouti | Middle East and Africa | ||
| 41 | 62 | Lagos | Middle East and Africa | ||
| 42 | 31 | Helsinki | Europe | ||
| 43 | 42 | Shenzhen | Asia Pacific | ||
| 44 | 32 | Dakar | Middle East and Africa | ||
| 44 | 141 | Khartoum | Middle East and Africa | ||
| 46 | 90 | Adelaide | Asia Pacific | ||
| 47 | 47 | Prague | Europe | ||
| 48 | 36 | Baku | Asia Pacific | ||
| 49 | 33 | Bangui | Middle East and Africa | ||
| 50 | 35 | Amsterdam | Europe | ||
| 51 | 100 | Caracas | Americas | ||
| 52 | N/A | N/A | Taipei | Asia Pacific | |
| 59 | 76 | Toronto | Americas | ||
| 65 | N/A | N/A | Vancouver | Americas | |
| 67 | 84 | Abu Dhabi | Middle East and Africa | ||
| 69 | N/A | N/A | Jakarta | Asia Pacific | |
| 77 | 55 | Los Angeles | Americas | ||
| 79 | N/A | N/A | Montreal | Americas | |
| 81 | 55 | Dubai | Middle East and Africa | ||
| 85 | N/A | N/A | New Delhi | Asia Pacific | |
| 88 | N/A | N/A | Bangkok | Asia Pacific | |
| 95 | N/A | N/A | Mumbai | Asia Pacific | |
| 96 | N/A | N/A | Calgary | Americas | |
| 103 | 83 | Amman | Middle East and Africa | ||
| 104 | N/A | N/A | Kuala Lumpur | Asia Pacific | |
| 108 | 91 | Chicago | Americas | ||
| 108 | 111 | Washington | Americas | ||
| 114 | N/A | N/A | Ottawa | Americas | |
| 131 | 151 | Johannesburg | Middle East and Africa | ||
| 136 | N/A | N/A | Hanoi | Asia Pacific | |
| 144 | N/A | N/A | Aberdeen | Europe | |
| 148 | N/A | N/A | Glasgow | Europe | |
| 150 | N/A | N/A | Birmingham | Europe | |
| 158 | 171 | Cape Town | Middle East and Africa | ||
| 178 | N/A | N/A | Belfast | Europe | |
| 180 | N/A | N/A | Bangalore | Asia Pacific | |
| 186 | N/A | N/A | Portland, Oregon | Americas | |
| 197 | N/A | N/A | Winston-Salem | Americas | |
| 207 | N/A | N/A | Tunis | Middle East and Africa | |
| 211 | N/A | N/A | Addis Ababa | Middle East and Africa | |
| 212 | N/A | N/A | La Paz | Americas | |
| 213 | N/A | N/A | Managua | Americas | |
| 214 | N/A | N/A | Karachi | Asia Pacific |
[edit] 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.
| Rank 2011 |
Rank 2010 |
Mvmt | City | Country |
|---|---|---|---|---|
| 1 | 1 | Tokyo | ||
| 2 | 2 | Oslo | ||
| 3 | 4 | Osaka | ||
| 4 | 3 | Paris | ||
| 5 | 7 | Zurich | ||
| 6 | 8 | Sydney | ||
| 7 | 9 | Melbourne | ||
| 8 | 5 | Frankfurt | ||
| 9 | 12 | Geneva | ||
| 10 | 11 | Singapore |
| Rank 2011 |
Rank 2010 |
Mvmt | City | Country |
|---|---|---|---|---|
| 124 | 123 | Dhaka | ||
| 124 | 128 | Manila | ||
| 126 | 125 | Panama City | ||
| 126 | 127 | Algiers | ||
| 128 | 124 | Jeddah | ||
| 129 | 129 | New Delhi | ||
| 130 | 132 | Tehran | ||
| 131 | 132 | Mumbai | ||
| 132 | 129 | Tunis | ||
| 133 | 134 | Karachi |
[edit] ECA 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 | 1 | |
| 2 | 4 | |
| 3 | 6 | |
| 4 | 7 | |
| 5 | 2 | |
| 6 | 4 | |
| 7 | 3 | |
| 8 | 8 | |
| 9 | 9 | |
| 10 | 10 | |
| 11 | 13 | |
| 12 | 11 | |
| 13 | 12 | |
| 14 | 15 | |
| 15 | 29 | |
| 16 | 16 | |
| 17 | 17 | |
| 18 | 19 | |
| 19 | 24 | |
| 20 | 102 |
[edit] 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
[edit] External links
- Mercer Cost of Living Survey
- Finfacts Ireland
- BBC News
- CNNMoney.com article about the survey by the Economist Intelligence Unit
- Global/Worldwide Cost of Living
- ECA International Cost of Living Survey March 2010
- Business Week June 0622_most_expensive_cities/1.htm The Worlds Most Expensive Cities
- Wall Street Journal Japan gets cheaper, and more expensive
[edit] References
- ^ Mercerhr.com
- ^ EIU.com
- ^ ECA-international.com
- ^ Numbeo.com
- ^ Expatistan.com
- ^ Data copied from a blog
- ^ ECA-international.com
- ^ Yahoo! Finance
|
||||||||
|
||||||||||||||||||||||