Mercer’s Worldwide Cost of Living Survey covers 143 cities across 6 continents and measures against New York on the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.
The resulting Cost of Living Information Report (non-free) is considered as the world's most comprehensive survey of its kind and is intended to help multinational companies and governments determine compensation allowances for their expatriate employees.
The report includes comprehensive information such as city-to-city index comparison, expatriate accommodation costs, education costs, business travel expenses, actual price list, and the list of stores and sources.
Based on the latest report dated March 2009, Tokyo is the most expensive city to live in, while Johannesburg is the cheapest. It is observed that cities in the US, China, Japan and the Middle East have surged in the ranking.
The top 20 expensive cities ranked in 2009 are:
- Tokyo, Japan
- Osaka, Japan
- Moscow, Russia
- Geneva, Switzerland
- Hong Kong, China
- Zurich, Switzerland
- Copenhagen, Denmark
- New York, US
- Beijing, China
- Singapore, Singapore
- Milan, Italy
- Shanghai, China
- Paris, France
- Oslo, Norway
- Caracas, Venezuela
- London, UK
- Tel Aviv, Israel
- Rome, Italy
- Helsinki, Finland
- Dubai, UAE
Click here for the top 50 cities ranking in the Worldwide Cost of Living Survey 2009.
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