Tokyo is 'world's most expensive expat city'
Tokyo is the world's most expensive city for expatriates to live in, a survey has found.The Japanese city topped a list of 143 places which looked at more than 200 factors, including the cost of housing, household goods, food and entertainment.
Osaka came in second position, with Moscow in third, closely followed by Geneva and Hong Kong.
Data company Mercer - who produced the study for companies sending employees abroad - say the weakness of western currencies is responsible many eastern cities getting more expensive.
So next time you think about moaning that the UK is expensive bare in mind that London only came 16th on the list. Other UK cities featured were Glasgow in 125th and Birmingham in 129th.
Top-10 most expensive cities
"Many currencies, including the Euro and British pound, have weakened considerably against a strong US dollar causing a number of European cities to plummet in the rankings.
"With significant exposure to multiple economies and currencies, multinational companies continue to be greatly affected by the financial crisis. The cost of expatriate programmes is heavily influenced by currency fluctuations and inflation rates.
LINKS
Mercer
- Tokyo
- Osaka
- Moscow
- Geneva
- Hong Kong
- Zurich
- Copenhagen
- New York
- Beijing
- Singapore
"Many currencies, including the Euro and British pound, have weakened considerably against a strong US dollar causing a number of European cities to plummet in the rankings.
"With significant exposure to multiple economies and currencies, multinational companies continue to be greatly affected by the financial crisis. The cost of expatriate programmes is heavily influenced by currency fluctuations and inflation rates.
LINKS
Mercer
