The 2012 Mercer expat cost of living survey results are in. This list includes 214 of the most expensive cities in the world to live in as an expatriate. This year Asia takes over a good portion of the top rankings with Tokyo being first on the list of most expensive cities for expats to live in. Other Asian cities in the top ten include Osaka, Singapore, Hong Kong and Nagoya.
Most European cities have dropped in their rankings this year compared to the 2011 results due to the weakening of local currency like the euro to the US dollar. A few of these cities include Olso which is ranked eighteenth, down three places from last year, London which is ranked twenty-fifth and dropped seven places from last year and Paris which is now ranked thirty-seventh, lowering it on the list by 10 places.
In the Americas Sao Paulo (12) and Rio de Janeiro (13) lead the way for North and South America. The first city listed in the United States on the list is New York City and is ranked as number thirty-three.
If you are going to be an expat this year and are looking for a location you can get the most bang for your buck, you might want to check out the least expensive city for expats in the survey, Karachi in Pakistan.
Mercer, a human resources consultancy annually releases their survey results for the most expensive cities for expats. This survey is based on currency strength and price movement of 214 major cities around the world compared to the base city. In the survey, New York City is used as the base city and the US dollar as the base currency to compare other currencies against. There are over 200 categories compared in the survey including housing, transportation, food, clothing, household good and entertainment.
The top ten 2012 rankings are as follows:
- Hong Kong