Top 15 Cities With High Cost Of Living

Moscow, the Russian capital, is the most9. Zurich, Switzerland
expensive city in the world for cost of living10. Oslo, Norway
followed by London, UK and Seoul, South Korea in11. Milan, Italy
the second and third position. The findings are12. St. Petersburg, Russia
based on the annual Cost of Living Survey13. Paris, France
conducted by Mercer Human Resource Consulting.14. Singapore, Singapore
Moscow tops the list for the second consecutive15. New York City, U.S.
year while London has moved up from its thirdOf the six continents, Europe dominated the list
place last year.with six of its cities in the top ten and about 30 in
The survey covering 143 cities across sixthe top 50 rankings. Asian cities also figured
continents compared the cost of over 200mostly in the top 10 most expensive cities, lead
household items in each city including housing,by Seoul, South Korea. Five Africa cities were
transport, food, clothing, household goods andplaced in the top 50, lead by Douala, Cameroon in
entertainment. MNCs and governments use this24th place. The least expensive city was
cost of living survey to determine compensationAsuncion, the capital of Paraguay, for the fifth
allowances for their expatriate employees.consecutive year, among the 50 cities ranked by
Here are the top 15 most expensive cities in theMercer. But none of the cities of Latin America or
world for cost of living, according to the survey.Canada made it to the top 50. U.S.A had only two
1. Moscow, Russiacities - New York City and Los Angeles (42nd
2. London, United Kingdomrank) featured in the top 50, owing to a weak
3. Seoul, South KoreaU.S. dollar.
4. Tokyo, JapanIf you are interested in buying a home,
5. Hong Kong, Hong Kongcondominium, or any other type of real estate in
6. Copenhagen, Denmarkany of these cities, be sure to contact a local
7. Geneva, SwitzerlandRealtor who can advise you about local market
8. Osaka, Japanfactors.