As per a recently published report – Mercer 2021 Cost of Living City Ranking – the most expensive city for an expatriate is Ashgabat in Turkmenistan.
Mercer is a prominent asset management firm of America.
While Hong Kong comes in at the second position, Beirut, Tokyo and Zurich are the other cities in the Top 5.
|Top 20 Most Expensive Cities in the World for an Expat |
[As per Mercer 2021 Cost of Living City Ranking]
|Rank in 2021||City||Country|
|#2||Hong Kong||Hong Kong [SAR]|
|#14||New York City||United States|
|#20||Los Angeles||United States|
There are a total of 209 cities on the Mercer 2021 Cost of Living City Ranking.
5 Canadian cities have found their place on the list.
|Canadian Cities on Mercer 2021 Cost of Living City Ranking|
|Rank in 2021||City|
As per Mercer, “The Canadian dollar has appreciated in value in relation to the USD, triggering jumps in this year’s ranking.”
As countries grapple with the political, economic and health fall-out of the COVID-19 pandemic, the coronavirus pandemic has shaken up Mercer’s 2021 Cost of Living City ranking.
According to an official News Release by Mercer, COVID-19 Disruptions Compel Companies to Re-evaluate Their Approach to Mobility, “organizations are beginning to implement alternate forms of international assignments and cross-border working arrangements to sustain their overseas operations and workforces”.
While cost of living has always been an integral factor for international mobility planning, the COVID-19 pandemic has led to the addition of another layer of complexity, including long-term implications related to certain other factors.
Factors such as – health and safety of employees, flexibility options, remote working etc.
International mobility has evolved much from the traditional long-term assignment for a skilled worker. Today, mobility encompasses much more and beyond. Moves such as permanent transfers, short-term assignees, international foreign hires, international freelances, as well as international remote workers are all included among mobility moves for a worker.
With 5 cities making it to the list, Canadian cities have been found to be comparatively much cheaper as compared to cities in the U.S. & the U.K.
If you are looking to Work, Study, Invest, Visit, or Migrate to Canada, talk to Y-Axis, the World’s No. 1 Immigration & Visa Company.
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