thoughts/ideas/opinions from scott hodge

Wednesday, June 16

Most Expensive Cities

Mercer Human Resource Consulting has just released a study indicating the top 50 most expensive cities in the world to live in. Ready for this?

Top Ten:

1. Tokyo
2. London
3. Moscow (Russia)
4. Osaka (Japan)
5. Hong Kong
6. Geneva (Switzerland - not Illinois...)
7. Seoul (Korea)
8. Copenhagen (Denmark)
9. Zurich (Switzerland)
10. St. Petersburg (Russia)
New York City came in at #12 and Chicago came in at #35. New York, Los Angeles, Chicago and San Francisco are the top four most expensive US cities to live in.

According to Mercer's website, the study "measured the comparative cost of over 200 items in each location. These include housing, food, clothing and household goods as well as transportation and entertainment."

Four of the world’s ten most expensive cities are in Asia - with Tokyo being the most expensive city globally.

I have uploaded the .pdf file of the survey and you can download it by clicking here.

Mercer uses this information to help companies determine salary adjustments for employees (or potential new hires) in various parts of the world.