Most expensive global expat cities 2017
By Kirsten Hastings, 21 Jun 17
Five Asian and three European cities were among the 10 most expensive places for expats to live, with the dubious honour of being the most expensive bestowed on the capital of Angola.
Research firm Mercer uses New York City as the base against which to compare over 400 cities in a comprehensive survey designed to help multinational companies determine their expat allowances.
Currency movements are measured against the US dollar and Mercer compares the cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment.
“While historically mobility, talent management, and rewards have been managed independently of one another, organisations are now using a more holistic approach to enhance their mobility strategies,” said Ilya Bonic, senior partner and president of Mercer’s career business.
“Compensation is important to be competitive and must be determined appropriately based on the cost of living, currency, and location.”
Click through to see the most expensive places for expats to live.
