According to the EIU, the foremost expensive places to measure immediately are Paris, Hong Kong, and Zurich, all of which are equally pricy.
Following them in fourth place in Singapore, then Osaka and Tel Aviv (tied in fifth). ny and Geneva (joint seventh), l. a., and Copenhagen (joint ninth) round out the highest ten. Sydney is at 15 and London appears at number 20.
The report found that the events of 2020 had changed the rankings significantly, with currency fluctuations and changing spending habits sending some cities soaring et al. plummeting down the table. The survey looks at the value of groceries, booze, household supplies and toiletries, clothes, utilities, entertainment, transport, rent, and more.
Back in June, the Mercer Cost of Living Survey 2020 revealed its own list of the world’s costliest cities – and therefore the #1 spot also visited Hong Kong, this point on its own.
It was followed by Ashgabat, capital of Turkmenistan, home to several grandiose marble-clad buildings and a serious depression that has hugely driven up the value of living. Tokyo was the third costliest city to be an ex-pat, down from second last year.
International cultural capitals Singapore, New York, Shanghai, and Beijing also made the highest ten, with the sole European entries being Swiss cities of Zurich, Bern, and Geneva, because of the high value of the Swiss franc.
Meanwhile, cities where you would possibly consider life as being pretty costly – think l. a., London, Dubai, and Miami – were outranked by Ndjamena (the capital of Chad), Shenzhen in China, and Lagos in Nigeria.
(How come? Well, it’s partly because Mercer, a serious US financial consultancy firm, aims its ranking at American companies sending their employees overseas. All cities are ranked by comparison to ny – this is often also the case with the EIU report – and therefore the ‘basket of goods’ that Mercer uses to calculate the value of living in each city has within the past included American classics like blue jeans, burgers and Heineken beer. meaning that countries whose currency has been overperforming against the dollar tend to zoom up the rankings.)
Here’s the complete top 20 from the Mercer Cost of Living Survey 2020.
- Hong Kong , Hong Kong SAR
- Ashgabat, Turkmenistan
- Tokyo, Japan
- Zurich, Switzerland
- Singapore, Singapore
- NY City, us
- Shanghai, China
- Bern, Switzerland
- Geneva, Switzerland
- Beijing, China
- Seoul, South Korea
- Tel Aviv, Israel
- Shenzhen, China
- Victoria, Seychelles
- Ndjamena, Chad
- San Francisco, us
- l. a., us
- Lagos, Nigeria
- London, UK
- Guangzhou, China
And if you’re trying to find the smallest amount of expensive cities within the world? consistent with Mercer, those would be Tashkent in Uzbekistan, Windhoek in Namibia, and Tunis in Tunisia.