The human resources service company Mercer recently published the 2024 Cost of Living Ranking for International Workers.
The ranking is a list of 226 cities around the globe, arranged in order of most expensive to least expensive. The exhaustive ranking serves as a valuable compass, offering guidance through the complex landscape of living expenses in cities around the world.
Currently, the most expensive cities for international labourers are Zurich, Singapore, and Hong Kong. Mercer's rankings have maintained the same positions for these three cities as they did last year. Islamabad, Lagos, and Abuja are the cities with the lowest living costs on the other extreme of the spectrum.
2024: The Top 10 Most Expensive and Least Expensive Cities in the World
This compilation of 226 cities included twelve cities from the Chinese mainland. The top four mainland cities were Shanghai (23), Beijing (25), Shenzhen (34), and Guangzhou (71).
An overview of the region
Switzerland is home to four of the 10 most expensive cities for international assignees, with half of them situated in Western Europe. Southeast Asian cities dominate the ranking, with Hong Kong and Singapore occupying the first and second positions, respectively. Nigeria, located on the African continent, boasts Lagos (225) and Abuja (226) as its most affordable cities.
The top 10 most expensive locations to live are primarily composed of European cities. London has entered the top 10 classification in eighth place, in addition to the four Swiss cities. In addition to Copenhagen (11), Vienna (24), Paris (29), and Amsterdam (30), there are other costly destinations in the region.
Dubai has risen in the rankings to become the most expensive city in the Middle East for international employees. Dubai has climbed three spots from 2023 to secure the 15th position in the global ranking.
Montevideo, Uruguay, is number 42 on the list of South America's most expensive locations for international employees.
Seventh in the global ranking, New York City remains the most expensive city in North America.
Bangui (14, up 12 places), Djibouti (18), and N'Djamena (21) are the African cities that ranked highest in the global Cost of Living City Ranking. Blantyre (221), Lagos (225, down 178 places), and Abuja (226) are the least expensive cities in the region.
Shanghai (23), Beijing (25), and Seoul (32) are the other most expensive cities in Asia, in addition to Hong Kong and Singapore. Karachi (222), Bishkek (223), and Islamabad (224) are among the least expensive cities in the region.
Sydney is the Pacific region's highest-ranked city, ranking 58th.
The image below shows the Top 50 Rankings in the list.
Comments
Post a Comment