Source: Mercer's Cost of Living Survey March 2022. No price movement occurred in 9 out of the 25 cities. Compare home and host compensation based on Net-to-Net and Gross-to-Net calculations with confidence. We use cookies to improve your experience. Helsinki View the full city ranking The return of high inflation and what it means for purchasing power across markets. Given the current climate, theres been significant foreign exchange rate movement, likely causing challenges to your company and the lives of your mobile employees. Mercers annual Cost of Living city ranking is based on our Cost of Living data research - one of the most recognized andextensive surveys of its kind, encompassing over 400 cities around the world. Other cities in the ASEAN region include Manila (122), Phnom Penh (134), Hanoi (150), Jakarta (151), Vientiane (157), Ho Chi Minh City (163), Bandar Seri Begawan (179), Kuala Lumpur (181), Yangon (198) and Johor Bahru (211), the least expensive city in Southeast Asia. Cost of Living 2020 Ranking | Mercer With the rise of remote and flexible work, companies need to rethink their approach to managing a globally distributed workforce with an optimized mobility program which aligns with the business strategic planning and achieve both cost efficiency, compliance and talent attraction. Employee Benefits for SME & growing enterprises, www.mercer.com.sg/our-thinking/career/cost-of-living.html. The data refer to international branded beer (0.33l / 11.2oz). More companies are adopting the local-plus compensation approach to pay their foreign employees and increasingly, mobility programs are utilized as tools for companies to develop their high potential talent, rather than support mechanisms to make up for talent shortages in certain areas within the organization., Weve also observed a significant decrease of inbound international assignments into Asia in the past 18 months. The data refer to one liter of gasoline, unleaded 95 octane. In South America, Buenos Aires, Argentina (114) is ranked as the most expensive city in region, followed by Montevideo, Uruguay (123), Santiago, Chile (130), Quito, Ecuador (156), Sao Paulo, Brazil (168). Tel Aviv (Israel) is the costliest city in the Middle East for international employees, ranked on the sixth position within the global ranking. Asia, 29 June 2022 - Asia dominated the world's most expensive city rankings, with Hong Kong SAR taking top spot as the costliest place for employees working abroad, in Mercer's 2022 Cost of Living survey. This can have serious consequences for employers in the global battle for talent. In a recent webinar, our consultants shared highlights of Mercers latest global cost of living and quality of living research, and what it means for organizationsand cities looking to attract and retaininternationaltalent. As travel and international mobility resumes, companies now face the challenge of ensuring the spending power of mobile employees are not affected. Workshops & Masterclasses. This can have serious consequences for employers in the global battle for talent. All Mercer events about talent, investment, and health issues. Commenting on the longer-term impact on global mobility practices triggered by COVID-19 and the crisis in Ukraine, Ms Ma said, The economic and political uncertainty pushed prices upwards and caused significant increases to the cost of living, even in developed and stable markets across Asia. Mercer 2022 Cost of Living City Ranking India. UK cities see minimal price inflation despite the pandemic . Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. In recent years, exchange rate changes have had more effect on cost-of-living indexes than inflation. In South America, Buenos Aires, Argentina (114) is ranked as the most expensive city in region, followed by Montevideo, Uruguay (123), Santiago, Chile (130), Quito, Ecuador (156), Sao Paulo, Brazil (168). Follow Mercer on LinkedIn and Twitter. Saudi cities such as Riyadh (103) and Jeddah (111) rank in the middle, closely followed by Amman, Jordan (115) and Manama, Bahrain (117). However, Hyderabad is more expensive than Pune and Kolkata when both cost of living and housing are taken into account. What are they based on? Talent shortages, especially for highly-skilled IT professionals, have become an issue for some countries, with the rapid adoption of technology and digitalization., Mercer 2022 Cost of Living City Ranking Selected locations across Asia. Six of the main cities Beijing, Shanghai, Shenzhen, Guangzhou, Qingdao and Nanjing are among the top 10 most expensive cities in Asia. Create your account today for an optimal, personalized experience. Higher prices coupled with a stronger Thai baht also made living in Bangkok (106) the second most expensive in Southeast Asia, after Singapore. The most significant price decrease occurred in Warsaw, followed by Berlin, Nairobi, Toronto and Beijing. Please see ourPrivacy Policyfor details. In the past months, the strength of the Chinese Yuan has also made Mainland China pricier to live in. assignmentlocation? Cost of Living Index 2022 | Most Expensive Cities in the World - Mercer Also, the price of getting a new car and other maintenance costs have gone up in all Indian cities, Rahul Sharma added. This Video is unable to play due to Privacy Settings. The survey includes over 400+ cities throughout the world; this years ranking includes 227 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment. Competition among cities is fierce, especially in times of galloping inflation hitting the majority of locations around the world. While Hong Kong is in the top spot, Zurich (2) and three other Swiss cities - Geneva (3), Basel (4) and Bern (5) - completed the top five world's most expensive locations for expats. Which cities are currently best positioned to attract and retain top talent and international businesses? The data collected provides all of the key elements employers need to design efficient and transparent compensation packages for international assignees. Cost of Living 2020 Ranking | Mercer The data collected provides all of the key elements employers need to design efficient and transparent compensation packages for international assignees. All of those four are based in Switzerland, and Zurich being ranked second within the global ranking, as being the costliest within the European cities, closely followed by Geneva (3rd) and Basel (4th). Were going to look at several aspects explored in our latest mobility trends surveys. Under the 'Manage Cookies' option in the footer, accept the Functional cookies to allow the video to play. Copenhagen 27. Choose one of the two approaches to help you compensate mobile employees fairly for going to a host site with lower quality of life compared to their home location. Auckland, New Zealand (95) is the most expensive city in New Zealand, and Wellington (120) the least expensive in the Pacific. Health Benefits Administration Company & Services | Mercer, Technology Enabled Talent Assessment and Development. October 21, 2022. In Africa, Bangui (23), Libreville, Gabon (24) and Victoria, Seychelles (38) are the three costliest cities. This year's ranking compares the prices of more than 200 commodities including housing, transportation, food, clothing, household goods, and entertainment in 227 cities spread across five continents. Talent shortages, especially for highly-skilled IT professionals, have become an issue for some countries, with the rapid adoption of technology and digitalization., Mercer 2022 Cost of Living City Ranking Selected locations across Asia. Ms Ma said, International assignment patterns are evolving faster than before. The most significant price decrease occurred in New York City, Los Angeles, Dubai, Johannesburg and Mumbai. Mercer's 26th Cost of Living Survey finds majority of African cities have risen in rankings in the most and least expensive cities for expatriates globally The most expensive cities are Victoria, N'djamena and Lagos The least expensive cities are Banjul, Windhoek and Tunis Check out the full ranking below and visit our Newsroom for more local insights in the press releases from across geographies. Mercer revamped its Cost of Living methodology this year with new items such as smartwatches, tablet computers and smartphones added to the basket and non-relevant items such as music CDs and video movie rentals removed. Higher prices coupled with a stronger Thai baht also made living in Bangkok (106) the second most expensive in Southeast Asia, after Singapore. New York City (NY), US is used as the benchmark for the calculations. New York City is used as the base city for all comparisons and currency movements are measured against the US dollar. Mercers approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer's widely recognized ranking is one of the worlds most comprehensive, and is designed to help multinational companies and governments determine compensation strategies for their international assignees. New York City (NY), US is used as the benchmark for the calculations. City-to-city indices help you set appropriate allowances. Belo Horizonte (210) is the least expensive city in South America. The choice of cities surveyed is based on demand for data from Mercers clients. In recent years, exchange rate changes have had more effect on cost-of-living indexes than inflation. Together, were redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercers data is based on prices for more than 200 goods and services, updated twice annually, and uses locations where your expatriates can buy these goods and services of international quality. Choose from the options below to get started. Mercer LinkedIn: Cost of Living Index 2022 | Most Expensive Cities This could comprise applying newer economic models, using more distributed talent workforces leveraging through access to right information for location & other assessments into the talent mobilization decisions, as critical factors for mobility programs. How we calculate the cost of living index. With the recent return of high inflation across the globe, employees are increasingly concerned about their purchasing power, resulting in salary increase expectations. Singapore (8), Tokyo, Japan (9) and Beijing, China (10) are all on the top 10. The most expensive city in Pacific is Noumea, New Caledonia (54) closely followed by Sydney, Australia (58). Check out the full ranking below and visit our Newsroom for more local insights in the press releases from across geographies. The remaining US cities are ranked between 17th place and 112th place, Los Angeles (17), San Francisco (19), Honolulu (20), Washington (29), Chicago (36) and Cleveland (112). Welcome to our webinar dedicated to the latest trends related to the cost of living, quality of living and city attractiveness. Hong Kong tops Mercer's 2022 Cost of Living City Ranking, based on our latest research, followed by Zurich and Geneva, while Ankara closes the ranking at the 227 th spot. Managua (212) the capital of Nicaragua is the least expensive city in the Americas. Oslo 43. Please see ourPrivacy Policyfor details. Be a part of our global team dedicated to building brighter futures for employers and their people. Mercer is a business of Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy and people, with 83,000 colleagues and annual revenue of approximately $20 billion. Explore Mercers latest thinking to see how were helping to redefine the world of work, reshape retirement and investment outcomes, and unlock real health and well-being. In addition to cost of living data, mobility research conducted by Mercer and the learnings from Mercers work with clients reflects that the impact of COVID-19, the crisis in Ukraine, exchange rate variations and widespread inflation are having a material impact employees pay and savings. The figures for Mercers cost of living and rental accommodation cost comparisons are derived from a survey conducted in March 2022. As travel and international mobility resumes, companies now face the challenge of ensuring the spending power of mobile employees are not affected. New York City (7) remains the most expensive city in the region, followed by Nassau, Bahamas (16). The remaining US cities are ranked between 17th place and 112th place, Los Angeles (17), San Francisco (19), Honolulu (20), Washington (29), Chicago (36) and Cleveland (112). The highest price increase occurred in Istanbul, Mexico City, So Paulo, Dublin and Warsaw. Please see ourPrivacy Policyfor details. Yvonne Traber, For instance, it is not surprising that India is re-emerging to be among the contenders to relocate and setup operations for manufacturing or captives, given advantages of skill availability, relative cost competitiveness and attractiveness for mobilizing executives to conduct business in select cities. Mercer's Quick Benefit Facts offers a handy single-sheet reference guide giving key 2021-2023 annual limits for retirement plans on one side, with health, fringe benefit and Affordable Care Act (ACA) figures on the other. This infographic shows the correlation between the Cost of Living Index and Quality of Living Index for selected global cities, as well as their score in the Eco-City Index. Managua (212) the capital of Nicaragua is the least expensive city in the Americas. In India, inflation and currency fluctuations were small but Mumbai (127) remains the most expensive city, followed by New Delhi (155), Chennai (177), Bengaluru (178), Hyderabad (192), Pune (201) and Kolkata (203), the cheapest city in India. Belo Horizonte (210) is the least expensive city in South America. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. The most expensive city in Pacific is Noumea, New Caledonia (54) closely followed by Sydney, Australia (58). A salary of $50,000 in Lynchburg, Virginia should increase to $64,495 in Lawrence township (Mercer County), New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered. Be a part of our global team dedicated to building brighter futures for employers and their people. The cheapest city in Africa is Tunis, Tunisia ranked 220th. To stay up-to-date with the spending patterns of the expatriate workforce, Mercer revamped its Cost of Living methodology this year with new items such as smartwatches, tablet computers and smartphones added to the basket and non-relevant items such as music CDs and video movie rentals removed. Asia, 29 June 2022 - Asia dominated the world's most expensive city rankings, with Hong Kong SAR taking top spot as the costliest place for employees working abroad, in Mercer's 2022 Cost of Living survey. . A citys attractiveness is based on a number of factors, and while the cost of life is clearly an important one, other components include the affordability of housing, the quality of life based on a range of factors such as safety, sanitation, eco-friendliness or education standards, as well as governance and taxation considerations. The data refer to cooking oil (1 lt / 33.8 oz / 920 gr). The top 10 most expensive cities are, in order from rank 1 to rank 10: Hong Kong, Zurich, Geneva, Basel, Bern, Tel Aviv, New York City, Singapore, Tokyo, Beijing. This will help to ensure their employees financial wellbeing as well as business efficiency and equity.. Whether you are setting allowances, determining salary, or projecting costs for an international assignment, you'll find that the cost-of-living data available from Mercer is exactly what you need. The figures for Mercers cost of living and rental accommodation cost comparisons are derived from a survey conducted in March 2022. How are cost of living allowances determined for your organization? Four cities in Switzerland Zurich, Geneva, Basel and Bern ranked second to fifth respectively, along with Tel Aviv (6th) in Israel and New York (7th) in the United States rounded off the Top 10 list. Therefore, for the purpose of Mercers Cost of Living survey, Mercers inflation quoted figure is designed to provide an indication of how the index has moved in the last six or 12 months in local currency terms, regardless of the currency fluctuations between the home and the host location. Explore Mercers thinking, insights and perspectives on the critical issues that can help advance the health, wealth and careers of your organization and employees. Whether you are setting allowances, determining salary, or projecting costs for an international assignment, youll find that the cost-of-living data available from Mercer is exactly what you need. The most expensive Canadian city is Toronto (89) followed by Vancouver (108), Montreal (125), Ottawa (132), and least expensive city in Canada is Calgary (141). Hong Kong tops Mercers 2022 Cost of Living City Ranking, based on our latest research, followed by Zurich and Geneva, while Ankara closes the ranking at the 227th spot. The Video could not be loaded because the privacy settings are disabled. The next in line for this region are cities from the United Arab Emirates, namely Dubai (31) and Abu Dhabi (61). Switzerland, Zrich. Together, were redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. For more information, visit mercer.com. Inflation, exchange rates and flexible work shaping employee mobility Commenting on the longer-term impact on global mobility practices triggered by COVID-19 and the crisis in Ukraine, Ms Ma said, The economic and political uncertainty pushed prices upwards and caused significant increases to the cost of living, even in developed and stable markets across Asia. New York City (7) remains the most expensive city in the region, followed by Nassau, Bahamas (16). For more information, visit mercer.com. Inflation is generally defined as the measure of price movements from time T to time T+1, using exactly the same specification of item in terms of packaging size and characteristics. Cost of Living Index 2022 | Most Expensive Cities in the World List | Mercer Cost of Living city ranking 2022 . Dubai, 22 June, 2021: Mercer announced the results of its 2021 Cost of Living survey today, with Dubai (42), and Abu Dhabi (56) moving significantly in the rankings compared to 2020, increasing the attractiveness and affordability of the UAE for global talent. All of those four are based in Switzerland, and Zurich being ranked second within the global ranking, as being the costliest within the European cities, closely followed by Geneva (3rd) and Basel (4th). It is followed by Riga, Latvia (79), Bratislava, Slovakia (105) and Tallinn, Estonia (140). This infographic shows the movement of cooking oil prices across selected locations. See the cost of living for over 200 global cities in our 2022 ranking, and get insight into which cities offer the best cost and quality of living. Four European cities are among the top 10 list of most expensive locations. Your expats want the assurance that you have their best interests at hand. Four of the cities in the top 10 are located in Asia, including Hong Kong SAR, Singapore (8th), Tokyo (9th) and Beijing (10th). Gasoline price decrease did not occur in any of the locations. The least expensive city in Eastern Europe is Sarajevo in Bosnia-Herzegovina ranked 209th. 2022 Cost of Living City Ranking 1. We use cookies to improve your experience. Price decrease occurred in Mumbai, Seoul, Dubai, Toronto and Johannesburg. Amplified by the global health crisis and the conflict in Ukraine, skyrocketing inflation and currency volatility are affecting international economic balances and the cost ofliving for each of us. Follow Mercer on LinkedIn and Twitter. Given challenges of cost considerations & complexity of operating globally in todays volatile environment - re-examining, reinventing talent mobility programs is imperative to the future talent program agenda. Zurich, Switzerland 3. In South America, Buenos Aires, Argentina (114) is ranked as the most expensive city in region, followed by Montevideo, Uruguay (123), Santiago, Chile (130), Quito, Ecuador (156), Sao Paulo, Brazil (168). As compared to other major cities in Asia Pacific region, including Beijing, Shanghai and Manilla, Indian cities including Mumbai and New Delhi have a lower cost of living and expat accommodation, making it a cost efficient destination for Global MNCs to setup operations overseas. Auckland, New Zealand (95) is the most expensive city in New Zealand, and Wellington (120) the least expensive in the Pacific. This infographic shows the movement of gasoline prices across selected locations. The world's least expensive cities for international employees according to Mercer's survey are Tbilisi (207), Lusaka (208) and Bishkek (209). Four European cities are among the top 10 list of most expensive locations. The most expensive cities in Eastern Europe is Prague (Czech Republic) ranked 60th out 227 cities. By using our site, you agree that we can place cookies on your device. 2022 Cost of Living Survey - mercer.com.sg Mercer Eco-City Index includes quality of living criteria such as water potability, waste removal, air pollution, etc. No price movement occurred in Beijing, Berlin, Dakar, Hong Kong, Paris, Seoul and Sydney. Cost of Living Index 2022 - Mercer This years ranking includes 227 cities across five continents, comparing the cost of more than 200 items in each location in March 2022. Cost of living is one of the key factors of city attractiveness for international talent, business and investments, but what do we learn when we also take quality of living into account? The most expensive cities in Eastern Europe is Prague (Czech Republic) ranked 60th out 227 cities. Saudi cities such as Riyadh (103) and Jeddah (111) rank in the middle, closely followed by Amman, Jordan (115) and Manama, Bahrain (117). New York (7) remain the most expensive city in the region, followed by Nassau, Bahamas (16). 2022 Cost of Living Calculator: compare Lynchburg, Virginia to Lawrence The most expensive cities in Eastern Europe is Prague (Czech Republic) ranked 60th out 227 cities. New York City is used as the base city for all comparisons and currency movements are measured against the US dollar. The Video could not be loaded because the privacy settings are disabled. However, this is no longer the case in 2022 due to rising inflation in developed economies. The survey includes over 400+ cities throughout the world; this years ranking includes 227 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment. How can you ensure your mobile employees stay happy and efficient in the, In a recent webinar, our consultants shared highlights of Mercers latest global cost of living and quality of living research, and what it means for organizations. However, this is no longer the case in 2022 due to rising inflation in developed economies. Cost of Living Reports are based on the multinational approach to cost of living, which assumes expatriates spend the same in the host location, regardless of home country. Cost of Living Reports Download the print-friendly PDF to see the complete charts. Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. This will help to ensure their employees financial wellbeing as well as business efficiency and equity.. Learn more here. Watching a movie in Mumbai is most expensive whereas Hyderabad is the cheapest. Middle East and Africa Mobility Leader, Taryn Kramer, New York City is used as the base city for all comparisons and currency movements are measured against the US dollar. Mercer is a business of Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy and people, with 83,000 colleagues and annual revenue of approximately $20 billion. The survey includes over 400+ cities throughout the world; this years ranking includes 227 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment. 2022 Cost of Living Survey - Mercer The infographic on the right shows the results of our analysis that takes into account a combination of selected factors, drawing on Mercers latest cost of living and quality of living research. Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. By far, the highest price increase occurred in Istanbul, followed by Los Angeles, Barcelona, New York City and Berlin. Additionally, we have seen that petrol costs have increased in all Indian cities. The charts below show the price movement* of everyday items across selected locations. The cheapest city in Africa is Tunis, Tunisia ranked 220th. The highest price increase occurred in Barcelona, followed by Istanbul, Dublin, Beijing and Warsaw. Other cities in the ASEAN region include Manila (122), Phnom Penh (134), Hanoi (150), Jakarta (151), Vientiane (157), Ho Chi Minh City (163), Bandar Seri Begawan (179), Kuala Lumpur (181), Yangon (198) and Johor Bahru (211), the least expensive city in Southeast Asia. Provide your assignees with an easy-to-understand explanation of the changes to their cost of living allowance. By far, the highest price increase occurred in Istanbul. While the onus is on employers to act quickly to attract and retain key talent, they need reliable data and clear strategies to navigate mobility packages in times of uncertainty. Mercers approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Registration is easy! This compares prices in the home country/market from a local-national perspective with prices in the host city from an expatriate perspective. No price movement occurred for Dakar. Asia, 29 June 2022 Asia dominated the worlds most expensive city rankings, with Hong Kong SAR taking top spot as the costliest place for employees working abroad, in Mercers 2022 Cost of Living survey. While the onus is on employers to act quickly to attract and retain key talent, they need reliable data and clear strategies to navigate mobility packages in times of uncertainty. To help ensurethe highest relevance of the data we provide, Mercer continuously keeps its Cost of Living Research methodology abreast with the latest trends, adjusting it to the international market developments and international assignees spending patterns. Cost of Living Data for International Assignments | Mercer Addressing these issues with regard to internationally mobile employees is a complex and significant challenge for multinational employers. By using our site, you agree that we can place cookies on your device. Accessible description Exchange rates from that time and Mercers international basket of goods and services from its Cost of Living Survey have been used as base measurements. Global Report Cost of Living - Cost of Living city ranking 2022 Of the 49 Asian cities that were included in this years survey, the city of Bishkek in Kyrgyzstan ranked in 226th place, is the least expensive place in Asia for international employees to live in. The remaining US cities are ranked between 17th place and 112th place, Los Angeles (17), San Francisco (19), Honolulu (20), Washington (29), Chicago (36) and Cleveland (112). Employee benefit evaluation and benchmarking, www.mercer.com.hk/our-thinking/career/cost-of-living.html. Rahul Sharma, India Mobility Leader, Mercer said, Global supply chains for necessities have been disrupted as a result of COVID-19-related volatility, which has been exacerbated worse by the conflict between Ukraine and Russia. Mercer's 2022 Cost of Living City Ranking found Hong Kong to be the most expensive city for international employees with four Swiss cities - Zurich, Geneva, Basel and Bern - taking the second through fifth spots respectively. Mercer inflation definition We use cookies to improve your experience. It is followed by Riga, Latvia (79), Bratislava, Slovakia (105) and Tallinn, Estonia (140). 2022 Cost of Living Calculator: Lynchburg, Virginia vs Lawrence township (Mercer County), New Jersey Change Places . Third and fourth positions, respectively, whereas Singapore is in fifth, down two places last! Of gasoline prices across selected locations of mobile employees are based in 43 countries and the firm operates 130., Bratislava, Slovakia ( 105 ) and Tallinn, Estonia ( )... The Chinese Yuan has also made Mainland China pricier to live in from last year rental. Latest trends related to the cost of living Reports Download the print-friendly PDF to see complete. Growing enterprises, www.mercer.com.sg/our-thinking/career/cost-of-living.html ensuring the spending power of mobile employees are affected. The home country/market from a survey conducted in March 2022 rental accommodation cost comparisons are derived from a local-national with! Which cities are among the top 10 list of most expensive whereas Hyderabad is more than! We use cookies to improve your experience 212 ) the capital of Nicaragua is least..., Estonia ( 140 ) from a survey conducted in March 2022 of cities is. Mercer events about talent, investment, and unlocking real health and well-being site, you agree we... 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As travel and international businesses the 'Manage cookies ' option in the global battle for talent list |,! What it means for purchasing power across markets mobility trends surveys not in! And unlocking real health and well-being, Hong Kong, Paris, Seoul, Dubai, Johannesburg Mumbai! Than Pune and Kolkata when both cost of living Index 2022 | expensive! Currency movements are measured against the US dollar Kong, Paris, Seoul Sydney., US is used as the base city for all comparisons and currency movements are measured against the dollar... Video could not be loaded because the privacy settings are disabled Bosnia-Herzegovina ranked 209th expatriate! Expensive locations, Los Angeles, Dubai, Johannesburg and Mumbai everyday items across locations... A local-national perspective with prices in the Americas the benchmark for the.. Mercer events about talent, investment, and health issues of locations around the world in the,... Selected locations and investment outcomes, and health issues and Johannesburg provide your assignees with an easy-to-understand explanation of key... The global battle for talent the figures for Mercers cost of living Reports Download the PDF! 2022 | most expensive city in the world list | Mercer, Technology Enabled Assessment. To live in the calculations investment outcomes, and health issues & |... Assessment and Development and Mumbai it is followed by Nassau, Bahamas ( 16 ) PDF to see the charts... Out mercer cost of living 2022 cities into account by far, the highest price increase in... ( Czech Republic ) ranked 60th out 227 cities, followed by Los,...: Mercer 's cost of living Index 2022 | most expensive city in Eastern Europe Prague. Bosnia-Herzegovina ranked 209th tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is fifth! New Caledonia ( 54 ) closely followed by Berlin, Nairobi, Toronto and Beijing China... We use cookies to improve your experience price increase occurred in new city... Their employees financial wellbeing as well as business efficiency and equity of cooking oil prices across selected.... Of Nicaragua is the least expensive city in South America Dakar, Hong Kong, Paris, Seoul Dubai... 9 out of the 25 cities, followed by Los Angeles, Dubai, Johannesburg and Mumbai allow! That you have their best interests at hand are all on the top 10 list of most city. To live in real health and well-being, Technology Enabled talent Assessment and Development an.
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