| The US has become less expensive for
| |
| | 6. Quito, Ecuador (53.23)
|
| expatriates relative to cities in Asia
| |
| | 7. Buenos Aires, Argentina (53.25)
|
| and Africa over the past year, says a
| |
| | 8. La Paz, Bolivia (53.54)
|
| cost of living comparison of 228 global
| |
| | 9. Asmara, Eritrea (54.49)
|
| cities.
| |
| | 10.Tashkent, Uzbekistan (56.06)
|
| The cost of living comparison prices
| |
| | This means that overall, goods or
|
| goods and services that expatriates spend
| |
| | services that cost USD$100 in New York,
|
| their salaries on, and reports indexes
| |
| | cost the equivalent of just USD$16.44 in
|
| for 13 different basket groups using New
| |
| | Harare, and USD$53.54 in La Paz.
|
| York (100) as the base.
| |
| | The cost of living varies from one
|
| In terms of overall cost of living, New
| |
| | location to another and by type of
|
| York is now the 28th most expensive
| |
| | expense, mainly due to local supply and
|
| global city and the 61st in terms of
| |
| | demand variations in each location. In
|
| groceries. New York has dropped
| |
| | some cities, groceries are more costly
|
| primarily due to the weakness of the US
| |
| | while accommodation is relatively less
|
| Dollar as well as the economic slowdown
| |
| | costly and vice versa.
|
| which appears to have slowed the increase
| |
| | In terms of groceries Seoul is the most
|
| in prices relative to other global
| |
| | expensive. Africa however has 6 of the
|
| cities.
| |
| | 10 most expensive cities, Brazzaville,
|
| The global cost of living comparison
| |
| | Accra, Lagos, Abidjan, Kinshasa, and
|
| conducted by shows London is the most
| |
| | Luanda.
|
| expensive global location for
| |
| | Grocery Cost of Living Comparison - Top
|
| expatriates, while 3 of the top 5 most
| |
| | 10
|
| expensive cities are in Asia, with Tokyo,
| |
| | The top 10 (most expensive) global cities
|
| Seoul, and Hong Kong ranked 2nd, 3rd, and
| |
| | for expatriates to live using the price
|
| 5th respectively in terms of overall cost
| |
| | of groceries as at March 2008 are as
|
| of living.
| |
| | follows:
|
| Overall Cost of Living Comparison - Top
| |
| | 1. Seoul, Republic of Korea
|
| 10
| |
| | 2. Brazzaville, Congo
|
| The 10 most expensive global cities for
| |
| | 3. Ashgabat Turkmenistan
|
| expatriates to live, based on overall
| |
| | 4. Accra, Ghana
|
| cost of living (Index is in brackets) as
| |
| | 5. Lagos, Nigeria
|
| at March 2008 are:
| |
| | 6. Copenhagen, Denmark
|
| 1. London, United Kingdom (126.63)
| |
| | 7. Abidjan, Cote D'Ivoire
|
| 2. Tokyo, Japan (121.88)
| |
| | 8. Kinshasa Congo Democratic Rep
|
| 3. Seoul, Republic of Korea (119.54)
| |
| | 9. Luanda, Angola
|
| 4. Oslo, Norway (115.39)
| |
| | 10.Oslo, Norway
|
| 5. Hong Kong, China (113.00)
| |
| | When establishing a salary for a global
|
| 6. Copenhagen, Denmark (112.63)
| |
| | assignment it is essential that the items
|
| 7. Moscow, Russia (110.35)
| |
| | the expatriate will actually spend their
|
| 8. Geneva, Switzerland (110.06)
| |
| | salary on are included in the cost of
|
| 9. Hamilton, Bermuda (109.63)
| |
| | living calculation. Similarly the items
|
| 10.Luanda, Angola (108.51)
| |
| | that are provided for the expatriate
|
| This means that overall goods or services
| |
| | should be excluded from the cost of
|
| that cost USD$100 in New York, cost the
| |
| | living calculation. If the incorrect
|
| equivalent of USD$126.63 in London, and
| |
| | items are included or excluded, large
|
| USD$108.51 in Luanda.
| |
| | variations in the calculation of cost of
|
| Overall Cost of Living Comparison -
| |
| | living are likely. As an example London
|
| Bottom 10
| |
| | is ranked as the most expensive global
|
| The bottom 10 (least expensive) cities
| |
| | location in terms of overall cost of
|
| for expatriates to live, based on overall
| |
| | living, but is only ranked 26th most
|
| cost of living (Index is in brackets) as
| |
| | expensive location for groceries.
|
| at March 2008 are:
| |
| | Africa and Asia are becoming relatively
|
| 1. Harare, Zimbabwe (16.44)
| |
| | more expensive than other global cities
|
| 2. Phnom Penh, Cambodia (44.89)
| |
| | after lagging for decades; organisations
|
| 3. Sanaa, Yemen (44.95)
| |
| | need to factor this into expatriate pay
|
| 4. Dushanbe, Tajikistan (51.24)
| |
| | calculations for global assignments.
|
| 5. Tripoli, Libya (53.22)
| |
| |
|
