Sunday, August 31, 2008

Worldwide Cost of Living Survey 2008




Moscow is the world’s most expensive city for expatriates for the third consecutive year, according to the latest Cost of Living Survey from Mercer. Tokyo is in second position climbing two places since last year, whereas London drops one place to rank third. Oslo climbs six places to 4th place and is followed by Seoul in 5th. AsunciĆ³n in Paraguay is the least expensive city in the ranking for the sixth year running. Dublin remains the world's 16th most expensive city and Europe's 8th most expensive.

Mercer’s 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.

Buenos Aires ranked as the 138th cheapest city for expats in the world (with only 5 cities coming in as cheaper than here).

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