INTHEBLACK October 2021 - Magazine - Page 12
GET
SMART
TOP 10
HIGH COST OF LIVING
HIGH-COST
CITY LIVING
Cities in Asia dominate the latest Cost of Living
Survey from Mercer, with Hong Kong, Shanghai,
Beijing, Tokyo and Singapore appearing in the top 10.
The survey aims to help employers navigate
compensation strategies for the global
workforce. The results are based on factors such as
currency fluctuations, cost inflation for goods and
services and unstable availability of accommodation.
Ashgabat took over the top spot from Hong Kong
this year, while Australia’s most expensive city for
expats, Sydney, ranks 31, a jump from 66 in 2020.
12 ITB October 2021
MOST EXPENSIVE CITIES:
01 AS H G A B AT T U R K M E N I S TA N
02 H O N G KO N G H O N G KO N G S A R
03 B E I R U T L E B A N O N
04 T O K YO J A PA N
05 Z U R I C H S W I T Z E R L A N D
06 S H A N G H A I C H I N A
07 S I N G A P O R E S I N G A P O R E
08 G E N E VA S W I T Z E R L A N D
09 B E I J I N G C H I N A
10 B E R N S W I T Z E R L A N D
READ THE SURVEY HERE