Mercer has released their yearly Global World Cost of Living Rankings for 2008/2009. Once again Moscow tops the list as the most expensive and Buenos Aires comes in well down the list as a relatively affordable place. Of course we all know that there are many things that go into these surveys but in comparison to many areas BA still is a bargain.
"Worldwide Cost of Living survey 2008 – City ranking
London, 24 July 2008
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 rankings
- London drops one place to rank third
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, where as 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.
With New York as the base city scoring 100 points, Moscow scores 142.4 and is close to three times costlier than Asunción which has an index of 52.5. 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 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. It is the world’s most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowances for their expatriate employees." Read more at Mercer