Mercer released their global cost of living ranking for 2016, which compares the cost of a basket of goods and services that are usually used by expatriates. This includes items such as housing, clothing and food.
Hong Kong was at the top of the rankings again and is the most expensive city for expats in the world.
Five of the top 10 cities are in Asia, including:
- Singapore (4th)
- Tokyo (5th)
- Shanghai (7th)
- Beijing (10th)
“Many Asian cities remain amongst the world’s most expensive places to deploy expatriates. However, this has not hindered companies from relocating talent here, as the region continues to offer growth potential and the demand for top talent remains high.” - said Mario Ferraro (Head of Global Mobility in Asia, Middle East, Africa and Turkey).
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