oscow, the Russian survey.
capital, is the most
expensive city in the 1. Moscow, Russia
world for cost of living followed 2. London, United Kingdom
by London, UK and Seoul, South 3. Seoul, South Korea
Korea in the second and third 4. Tokyo, Japan
position. The findings are based 5. Hong Kong, Hong Kong
on the annual Cost of Living 6. Copenhagen, Denmark
Survey conducted by Mercer Human 7. Geneva, Switzerland
Resource Consulting. Moscow tops 8. Osaka, Japan
the list for the second 9. Zurich, Switzerland
consecutive year while London has 10. Oslo, Norway
moved up from its third place 11. Milan, Italy
last year. 12. St. Petersburg, Russia
13. Paris, France
The survey covering 143 cities 14. Singapore, Singapore
across six continents compared 15. New York City, U.S.
the cost of over 200 household
items in each city including Of the six continents, Europe
housing, transport, food, dominated the list with six of
clothing, household goods and its cities in the top ten and
entertainment. MNCs and about 30 in the top 50 rankings.
governments use this cost of Asian cities also figured mostly
living survey to determine in the top 10 most expensive
compensation allowances for their cities, lead by Seoul, South
expatriate employees. Korea. Five Africa cities were
placed in the top 50, lead by
Here are the top 15 most Douala, Cameroon in 24th place.
expensive cities in the world for The least expensive city was
cost of living, according to the Asuncion, the capital of
Paraguay, for the fifth
consecutive year, among the 50 If you are interested in buying a
cities ranked by Mercer. But none home, condominium, or any other
of the cities of Latin America or type of real estate in any of
Canada made it to the top 50. these cities, be sure to contact
U.S.A had only two cities – New a local Realtor who can advise
York City and Los Angeles (42nd you about local market factors.
rank) featured in the top 50,
owing to a weak U.S. dollar.
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