Tokyo advanced past the Angolan capital Luanda to become theworld's most expensive city for expatriates of 214 ranked byMercer, while Moscow remains the most costly place to live inEurope.
“Recent world events, including economic and politicalupheavals, have affected the rankings for many regions throughcurrency fluctuations, inflation, and volatility in accommodationprices,” Mercer said today in its annual Worldwide Cost of LivingSurvey.
The analysis uses New York as a base city and measures thecomparative prices of more than 200 items in each location, such astransport, clothing, food, household goods and entertainment.Housing costs, which are also included, are critical in the rankingas they are often the biggest expense for expatriates.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
