2/10/2024 0 Comments Cost of living index global cities![]() ![]() The next most expensive cities in this region are in the United Arab Emirates, namely Dubai (18) and Abu Dhabi (43), both of which have seen fairly significant increases in their rankings since last year. Tel Aviv remains the costliest city in the Middle East for international employees, ranked 8th on the global ranking. Conversely, risks and other negative issues, such as natural disasters, political or economic turmoil, high crime rates, poor infrastructure, and inadequate international connectivity can be major deterrents for businesses and their employees.” “An equally important factor is the general quality of life that a city offers. “Competition in the global talent market is fierce, and the cost-of-living crisis affects both employees and businesses, who need to be more flexible,” Yvonne Traber, Global Managing Partner of Mobility at Mercer told the Spanish newspaper El Pais. ![]() Other most expensive cities in the region include London, Vienna, Amsterdam, Prague (up 27 spots in the global ranking since last year) and Helsinki. The global top ten includes five European cities and four of those are in Switzerland, with the fifth being Copenhagen. Yvonne Traber, Global Managing Partner of Mobility at Mercer The cost-of-living crisis affects both employees and businesses, who need to be more flexible. Only two out of 10 of the most expensive cities for international assignees to live in are located in Asia, compared to four last year. The least expensive locations in the ranking include Havana, which dropped 83 spots, due in part to strong currency devaluations mid last-year, and two cities in Pakistan - Karachi and Islamabad. In 2022, Hong Kong topped Mercer’s Cost of Living City Ranking, and it did so again this year followed by Singapore, which jumped up six positions since last year, pushing Zurich to spot number three. ![]()
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