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Moscow is the world’s most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. London is in second position, climbing three places since last year. Seoul moves down one place in the ranking to take third place, followed by Tokyo in fourth. Asuncion in Paraguay is the least expensive city for the fifth year running.
With New York as the base city scoring 100 points, Moscow scores 134.4 and is over two-and-a-half times costlier than Asuncion, which has an index of 50. Even so, the gap between the world’s most and least expensive cities appears to be narrowing.
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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.
Mercer Human Resource Consulting
Cost of Living Survey - Worldwide Ranking 2007
(including housing)
Top 50
Base City: New York, USA (=100)
Rankings
Cost of Living index
March 2007
March 2006
City
Country
March 2007
March 2006
1
1
MOSCOW
Russia
134.4
123.9
2
5
LONDON
United Kingdom
126.3
110.6
3
2
SEOUL
South Korea
122.4
121.7
4
3
TOKYO
Japan
122.1
119.1
5
4
HONG KONG
Hong Kong
119.4
116.3
6
8
COPENHAGEN
Denmark
110.2
101.1
7
7
GENEVA
Switzerland
109.8
103
8
8
OSAKA
Japan
108.4
108.3
9
9
ZURICH
Switzerland
107.6
100.8
10
10
OSLO
Norway
105.8
100
11
13
MILAN
Italy
104.4
96.9
12
12
ST. PETERSBURG
Russia
103
99.7
13
15
PARIS
France
101.4
93.1
14
17
SINGAPORE
Singapore
100.4
92
15
10
NEW YORK CITY, NY
United States
100
100
16
18
DUBLIN
Ireland
99.6
91.8
17
24
TEL AVIV
Israel
97.7
89.7
18
21
ROME
Italy
97.6
89.8
19
21
VIENNA
Austria
96.9
89.8
20
14
BEIJING
China
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