Tokyo Most Costly City for Expats

Moscow remains most costly location in Europe, Mercer says.

Tokyo advanced past the Angolan capital Luanda to become the world’s most expensive city for expatriates of 214 ranked by Mercer, while Moscow remains the most costly place to live in Europe.

“Recent world events, including economic and political upheavals, have affected the rankings for many regions through currency fluctuations, inflation, and volatility in accommodation prices,” Mercer said today in its annual Worldwide Cost of Living Survey.

Bucking the Trend

Most British cities also slipped in the ranking as the British pound fell against the dollar, said Milan Taylor, head of Mercer’s data and product services in the U.K. and Ireland.

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