Moscow is the world’s most expensive city for expatriates for the third consecutive year, according to the latest Cost of Living Survey from Mercer.
Mercer’s survey is arguably 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.
The survery 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.
Top 10 most expensive cities in 2008
Moscow (Russia), Tokyo (Japan), London (UK), Oslo (Norway), Seoul (South Korea), Hong Kong (China), Copenhagen (Denmark), Geneva (Switzerland), Zurich (Switzerland) and Milan (Italy).
Surprisingly US have only one city in the top 50 (New York at 22nd)… and Canada don’t even make it into top 50. Perhaps we should migrate to that region instead lol.