Moscow is ranked the world’s most expensive city for expatriates for the third consecutive year, according to the latest Cost of Living Survey by Mercer.
Mercer’s report is arguably the world’s most comprehensive cost of living survey and is used to help multinational companies and governments to determine compensation allowances for their expatriate employees.
The survey 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 – Moscow (Russia), Tokyo (Japan), London (UK), Oslo (Norway), Seoul (South Korea), Hong Kong (China), Copenhagen (Denmark), Geneva (Switzerland), Zurich (Switzerland) and Milan (Italy).
Surprisingly the US has only one city in the top 50 (New York at 22nd) and Canada has none… I’ve always thought that it’s expensive to live in that region.