Top 15 Cities With High Cost Of Living

Moscow, the Russian capital, is the most expensive8. Osaka, Japan
city in the world for cost of living followed by London,9. Zurich, Switzerland
UK and Seoul, South Korea in the second and third10. Oslo, Norway
position. The findings are based on the annual Cost of11. Milan, Italy
Living Survey conducted by Mercer Human Resource12. St. Petersburg, Russia
Consulting. Moscow tops the list for the second13. Paris, France
consecutive year while London has moved up from its14. Singapore, Singapore
third place last year.15. New York City, U.S.
The survey covering 143 cities across six continentsOf the six continents, Europe dominated the list with six
compared the cost of over 200 household items inof its cities in the top ten and about 30 in the top 50
each city including housing, transport, food, clothing,rankings. Asian cities also figured mostly in the top 10
household goods and entertainment. MNCs andmost expensive cities, lead by Seoul, South Korea.
governments use this cost of living survey toFive Africa cities were placed in the top 50, lead by
determine compensation allowances for theirDouala, Cameroon in 24th place. The least expensive
expatriate employees.city was Asuncion, the capital of Paraguay, for the fifth
Here are the top 15 most expensive cities in the worldconsecutive year, among the 50 cities ranked by
for cost of living, according to the survey.Mercer. But none of the cities of Latin America or
1. Moscow, RussiaCanada made it to the top 50. U.S.A had only two
2. London, United Kingdomcities - New York City and Los Angeles (42nd rank)
3. Seoul, South Koreafeatured in the top 50, owing to a weak U.S. dollar.
4. Tokyo, JapanIf you are interested in buying a home, condominium, or
5. Hong Kong, Hong Kongany other type of real estate in any of these cities, be
6. Copenhagen, Denmarksure to contact a local Realtor who can advise you
7. Geneva, Switzerlandabout local market factors.