Mercer
Worldwide Cost of Living survey 2008 – City rankings released
  • Mercer's Cost of Living information report is the world's most comprehensive survey of its kind and is used to help multinational companies and governments determine compensation allowances for their expatriate employees.

     

    Mercer's 2008 Cost of Living survey report

     

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    Moscow is still the most expensive city for expatriates; Asunción in Paraguay is the cheapest
  • European and Asian cities dominate the top 10
  • Weakening of US dollar causes significant changes in ranking

 

Moscow is the world’s most expensive city for expatriates for the third consecutive year, according to the latest Cost of Living Survey from Mercer. Tokyo is in second position climbing two places since last year, whereas London drops one place to rank third. Oslo climbs six places to 4th place and is followed by Seoul in 5th. Asunción in Paraguay is the least expensive city in the ranking for the sixth year running.

 

Contrary to the trend observed last year the gap between the world’s most and least expensive cities now seems to be widening.

 

Mercer’s Cost of Living survey covers 143 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.

 

Learn more at our dedicated cost of living page

Read the global cost of living press release

View our latest expatriate management articles, events and surveys


 


Asia Pacific Investment Forum: 2008

The Asia Pacific Investment Forum provided delegates the opportunity to hear from Mercer’s top global investment professionals on innovative ways to address the challenges facing investors in 2008 and beyond.

Global event: Mercer M&A Ready™ Workshops 2008

Join us for an intensive training workshop designed for HR professionals who will need to identify and manage the people-related activities vital to a successful M&A process. Various dates and locations offered.

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