Source: OT-Team(G),Mercer Recently, the human resources service company Mercer released the 2024 Cost of Living Ranking for International Workers. The ranking lists 226 cities in the world in order, from the most expensive to the least expensive places to live. The comprehensive ranking serves as a valuable compass, providing guidance through the intricate landscape of living expenses in cities worldwide.
Hong Kong, Singapore and Zurich are currently the costliest cities for international workers. These three cities have kept the same positions in Mercer's rankings that they had last year. At the other end of the spectrum, the cities that ranked the lowest for living costs are Islamabad, Lagos and Abuja.Top 10 most and least expensive cities in the world 2024 In this list of 226 cities, 12 cities from Chinese mainland were included. Shanghai (23), Beijing (25), Shenzhen (34), and Guangzhou (71) occupied the top four positions among mainland cities. Of the 10 most expensive cities for international assignees, half are located in Western Europe, with Switzerland being home to four. However, it is Southeast Asian cities that lead the list, with Hong Kong and Singapore remaining in the first and second positions, respectively. The two most affordable cities are Lagos (225) and Abuja (226), both located in Nigeria (on the African continent). European cities feature heavily in the top 10 most expensive places to live. In addition to the four Swiss cities, London has joined the top 10 ranking in 8th place. Other expensive cities in the region include Copenhagen (11), Vienna (24), Paris (29) and Amsterdam (30).Dubai has jumped up the rankings to become the costliest city in the Middle East for international employees. It is ranked 15th on the global ranking, up three places from 2023. Within South America, Montevideo in Uruguay ranks as the most expensive location for international employees at number 42. In North America, New York City (number 7 in the global ranking) remains the most expensive city. African cities that placed highest in the global Cost of Living City Ranking are Bangui (14, up 12 places), Djibouti (18) and N'Djamena (21). The least expensive cities in the region include Blantyre (221), Lagos (225, down 178 places) and Abuja (226). In addition to Hong Kong and Singapore, the other most expensive cities in Asia include Shanghai (23), Beijing (25) and Seoul (32). Some of the least expensive cities in the region are Karachi (222), Bishkek (223) and Islamabad (224). Finally, for the Pacific region, Sydney tops the list at 58th place.Top 50 Rankings in the List
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