According to Mercer’s Cost of Living Index, the most expensive city to live in for emigrants is Hong Kong, in the year 2022. Mercer rated more than 200 cities for this survey from all over the world. The survey focused on more than 200 number of items from categories such as food, housing, daily conveyance and entertainment. Hong Kong has been on the top of the list for couple of years but according to last year’s survey, first position was taken by Turkmenistan’s capital city Ashgabat. It was quite unusual that Ashgabat was on the top of list beating many financial centers and well-known businesses.
Hong Kong being on the top of the list, next comes Switzerland; a country that is not quite known but has high revenues and even higher expenses. Four cities of Switzerland that are included in this list are Zurich, Geneva, Basel, and Bern. On sixth ranking comes Tel Aviv, the second most populated city in Israel. Following in the list for this year’s ranking are: New York City, Singapore, Tokyo, and Beijing. This list is published for exclusive benefit of multinational organizations, in order for them to develop fair compensation plans for their emigrant employees.
