It’s interesting to study living costs in the most expensive cities in the world–at least as tabulated for 2009. According to Mercers, who tabulate these statistics for expatriate living, the 10 most expensive cities (based on housing, food, entertainment, clothing and transportation) are:
1. Tokyo
2. Osaka
3. Moscow
4. Geneva
5. Hong Kong
6. Zurich
7. Copenhagen
8. New York
9. Beijing
10. Singapore
Mercer’s, in their studies for expatriate cost of living, tabulates these costs for 143 cities in 65 continents and published their results each year. New York is used ars the base city and is given a score of 100. Using that base, Tokyo, for example, scores 143.7 and is almost three times as expensive as Johannesburg, which has an index of 49.6 and is one of the most reasonable places to live.
The top 5 most expensive cities in the Americas are New York City (8), Caracas, Venezuela (15), Los Angeles (23) White Plains (31) and San Francisco (34), while Asia and Europe dominate the worldly top ten list.
Now, we await the Mercer;s Most Expensive Cities list for 2010–especially in light of volatile currency swings.
Really surprised by that list, I thought places like London, Dublin and Madrid would’ve featured.
All of the ten listed are great cities!
I was suprised not to see London amongst those cities.