List_of_most_expensive_cities_for_expatriate_employees

List of most expensive cities for expatriate employees

List of most expensive cities for expatriate employees

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These are lists of the world's most expensive cities for expatriate employees (not residents), according to the Mercer,[1] ECA International[2] and Xpatulator.com [3] cost-of-living surveys. Other surveys from online collaborative indices, such as Numbeo,[4] Expatistan,[5] or Eardex[6] 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, 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.

Mercer

Hong Kong, China
Ashgabat, Turkmenistan
Tokyo, Japan
Singapore

Mercer's Cost of Living surveys are taken in March of each year. The survey covers 207 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 it. 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.

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ECA International

Zürich, Switzerland
Geneva, Switzerland
Basel, Switzerland
Bern, Switzerland

Every March and September, ECA International calculates the cost of living for expatriates in almost 400 cities around the world. 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.

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See also


References

  1. "Mercer's 2013 Cost of Living Survey City Rankings – Global Overview". Mercer. July 23, 2013. Retrieved January 22, 2014.
  2. "Hong Kong now more expensive than Tokyo for expatriates". ECA International. June 11, 2015. Retrieved September 4, 2016.
  3. "Cost of Living Rankings for 2014". Xpatulator. Retrieved July 1, 2014.
  4. "Cost of Living Index for 2012". Numbeo. Retrieved January 25, 2013.
  5. "Expatistan Cost of Living Index". Expatistan. Retrieved January 25, 2013.
  6. Eardex. Retrieved January 25, 2013.
  7. Gilchrist, Karen (2022-06-29). "These are the most expensive places to work abroad in 2022". CNBC. Retrieved 2023-01-09.
  8. "Turkmenistan's capital tops list of most expensive cities for expats". BBC News. 22 June 2021. Retrieved July 8, 2021.
  9. McKeever, Vicky (2021-06-23). "These are the most expensive cities for working abroad in 2021". CNBC. Retrieved 2022-02-16.
  10. Neild, Barry (2018-06-28). "World's most expensive cities for expats in 2018 revealed". CNN. Retrieved 2022-01-09.
  11. "Mercer's 2015 Cost of Living - City Rankings". Mercer. Retrieved October 17, 2015.
  12. "Hong Kong remains the most expensive location in the world". www.eca-international.com. Retrieved 2022-02-16.
  13. "Singapore enters the top 15 most expensive locations in the world". www.eca-international.com. Retrieved 2022-02-16.

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