FinnFreak
06-19-2007, 6:18am
18 June 2007
Moscow tops Mercer's cost of living list; London is close behind
Moscow is the world’s most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. London is in second position, climbing three places since last year. Seoul moves down one place in the ranking to take third place, followed by Tokyo in fourth. Asuncion in Paraguay is the least expensive city for the fifth year running.
Top 50 rankings in the Cost of Living Survey (http://www.mercerhr.com/knowledgecenter/reportsummary.jhtml/dynamic/idContent/1095320;jsessionid=D0ZD0QD2HAPUWCTGOUGCIIQKMZ0QUJL W#top50)
Europe, Middle East, Africa: Europe dominated the top 50, placing 30 cities on the list and capturing six of spots in the top ten. Strong currencies helped push most European cities higher for 2007.
Africa placed five cities in the top 50, with Douala, Cameroon on top with a rank of 24. Four of the African cities climbed in the rankings while Lagos, Nigeria dropped from 31 to 37.
Four cities in the Middle East were in the top 50 for 2007, lead by Tel Aviv, Israel in 17th place. Istanbul, Turkey took the biggest drop in the top 50, from 15th to 38th.
Asia: Eight Asian cities were on the top 50 list, led by Seoul, Korea in third place. The biggest mover was Taipei, Taiwan which dropped from 28th to 48th.
Americas: Only two US cities made the list (New York City at 15th and Los Angeles at 42nd) thanks to the weak US dollar. No Canadian or Latin American cities were in the top 50.
Australasia: Sydney was the lone representative in the top 50, placing 19th.
Top 50 rankings in the Quality of Living Survey (http://www.mercerhr.com/referencecontent.jhtml?idContent=1128060#top50all)
Canadian, European and Australian cities continue to dominate the rankings this year, which saw little significant movement among the top 50 cities.
Zurich, Geneva, Vienna, Vancouver, and Auckland remain the top scoring cities on the Quality of Living index. One of this year's biggest improvements has been in Osaka, rising 8 places to 42 from 51. Improvement was also seen in Oslo, which climbed five places from 31 to 26.
Top rankings for cities in Asia
The top five cities in Asia were:
Auckland (tied for 5th)
Sydney (tied for 9th)
Wellington (12th)
Melbourne (17th)
Perth (21st)
Osaka (tied for 42nd) was the lowest ranking Asian city in the top 50.
Top rankings for cities in Europe
The top five cities in Europe were:
Zurich (1st)
Geneva (2nd)
Vienna (tied 3th)
Dusseldorf (tied for 5th)
Frankfort (7th)
The lowest ranking European city in the top 50 was Milan (tied for 49th).
Top ranking for cities in the Americas
The top five cities in the Americas were:
Vancouver (3rd)
Toronto (15th)
Ottawa (tied for 18th)
Montreal (22nd)
Calgary (24th)
The lowest ranking Americas city in the top 50 was Seattle (tied for 49th).
Mercer Human Resource Consulting's annual Cost of Living 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. It is 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.
http://www.mercerhr.com
John - :)
Moscow tops Mercer's cost of living list; London is close behind
Moscow is the world’s most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. London is in second position, climbing three places since last year. Seoul moves down one place in the ranking to take third place, followed by Tokyo in fourth. Asuncion in Paraguay is the least expensive city for the fifth year running.
Top 50 rankings in the Cost of Living Survey (http://www.mercerhr.com/knowledgecenter/reportsummary.jhtml/dynamic/idContent/1095320;jsessionid=D0ZD0QD2HAPUWCTGOUGCIIQKMZ0QUJL W#top50)
Europe, Middle East, Africa: Europe dominated the top 50, placing 30 cities on the list and capturing six of spots in the top ten. Strong currencies helped push most European cities higher for 2007.
Africa placed five cities in the top 50, with Douala, Cameroon on top with a rank of 24. Four of the African cities climbed in the rankings while Lagos, Nigeria dropped from 31 to 37.
Four cities in the Middle East were in the top 50 for 2007, lead by Tel Aviv, Israel in 17th place. Istanbul, Turkey took the biggest drop in the top 50, from 15th to 38th.
Asia: Eight Asian cities were on the top 50 list, led by Seoul, Korea in third place. The biggest mover was Taipei, Taiwan which dropped from 28th to 48th.
Americas: Only two US cities made the list (New York City at 15th and Los Angeles at 42nd) thanks to the weak US dollar. No Canadian or Latin American cities were in the top 50.
Australasia: Sydney was the lone representative in the top 50, placing 19th.
Top 50 rankings in the Quality of Living Survey (http://www.mercerhr.com/referencecontent.jhtml?idContent=1128060#top50all)
Canadian, European and Australian cities continue to dominate the rankings this year, which saw little significant movement among the top 50 cities.
Zurich, Geneva, Vienna, Vancouver, and Auckland remain the top scoring cities on the Quality of Living index. One of this year's biggest improvements has been in Osaka, rising 8 places to 42 from 51. Improvement was also seen in Oslo, which climbed five places from 31 to 26.
Top rankings for cities in Asia
The top five cities in Asia were:
Auckland (tied for 5th)
Sydney (tied for 9th)
Wellington (12th)
Melbourne (17th)
Perth (21st)
Osaka (tied for 42nd) was the lowest ranking Asian city in the top 50.
Top rankings for cities in Europe
The top five cities in Europe were:
Zurich (1st)
Geneva (2nd)
Vienna (tied 3th)
Dusseldorf (tied for 5th)
Frankfort (7th)
The lowest ranking European city in the top 50 was Milan (tied for 49th).
Top ranking for cities in the Americas
The top five cities in the Americas were:
Vancouver (3rd)
Toronto (15th)
Ottawa (tied for 18th)
Montreal (22nd)
Calgary (24th)
The lowest ranking Americas city in the top 50 was Seattle (tied for 49th).
Mercer Human Resource Consulting's annual Cost of Living 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. It is 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.
http://www.mercerhr.com
John - :)