The World’s Most Expensive Cities to Live in
Every year, Mercer publishes its Cost of Living Survey covering more than 400 cities across five continents and measuring the comparative costs of about 200 items from housing and transportation to food and household goods to determine the world’s most expensive and cheapest cities.
This year, African, Asian, and European cities dominate the list for the priciest locations for working abroad, while the top five cheapest locations were Tunis in Tunisia, Bishkek in Kyrgyzstan, Skopje in Macedonia, Windhoek in Namibia, and Blantyre in Malawi.
Here are the world's 10 priciest places.
10. Bern, Switzerland
The Swiss city of Bern came in at tenth place. This year's list featured three European cities.
9. New York City, U.S.
8. Shanghai, China
7. Geneva, Switzerland
6. Seoul, South Korea
Seoul, which is South Korea’s largest city, fell to sixth place this year.
4. Zurich, Switzerland
Zurich is one of three European cities that still stands in Mercer’s top 10 list, coming in as the most expensive city in the continent.
3. Tokyo, Japan
2. Hong Kong
Hong Kong fell one spot from its top ranking last year, though it still remains Asia’s most expensive city. The reason for this, according to Mercer, is that Hong Kong’s currency is pegged to the U.S. dollar.
1. Luanda, Angola
Luanda, the capital of the Southern African port city of Angola, took the top spot on the list, due to the costs of goods and security, according to Mercer. Other cities in Africa that ranked high in this year’s survey include Victoria, Ndjamena, and Kinshasa.