Have any clients who are considering moving to another country?
Take a look at Mercer’s 20 Year Highlights on Cost of Living Data around the world. This data looks at comparisons in cost of living increases and decreases from 1998-2018. Of course, housing and living costs correlate.
Make sure to read each chart. Despite percentages, each city/country has different financial starting points, currencies and valuations. The value/worth of a dollar in Cairo is very different than the value/worth of a dollar in Paris.
Cities with Largest Cost of Living Decreases
Cairo -45%
Moscow -37%
Beijing -34%
Warsaw -33%
Tokyo -26%
Hong Kong -25%
Sao Paolo -22%
London -18%
Paris -15%
Dubai -2%
Cities with Largest Cost of Living Increases
Kinshasa, Dominican Republic of Congo +55%
Bangkok, Thailand +34%
Dublin +15%
Seoul, South Korea +15%
Sydney, Australia +14%
Vancouver, Canada +8%
Amsterdam +8%
San Francisco +6%
Prague +4%
The rankings below demonstrate how currency fluctuations and shifts in consumer goods and services affect the purchasing power of ex-pat workers. Mercer’s rankings are based upon
- the internal basket of consumer goods and services
- distinct cost of living indices in each location
- the costs of housing and education
- business travel expenses
With Mercer’s assumption that ex-pats work in their ”new home” outside of the US, here are the most and least expensive places for ex-pats to live.
Most Expensive for Ex-Pats
- Hong Kong
- Tokyo
- Zurich
- Singapore
- Seoul
- Luanda, Angola
- Shanghai
- N’Djamena, Chad
- Beijing
- Bern
Least Expensive for Ex-Pats
- Tashkent, Uzbekistan
- Tunis, Tunisia
- Bishkek, Kyrgyzstan
- Banjul, Gambia
- Karachi, Pakistan
- Blantyre, Malawi
- Tbilisi, Georgia
- Minsk, Belarus
- Tegucigalpa, Honduras
- Managua, Nicaragua