[1] Due to timing of the COVID-19 outbreak, Mercer conducted further analysis on availability of goods in April and May to verify pricing.

The United Arab Emirates continue to diversify the economy, subsequently reducing the impact of oil industry on GDP. See the top five most expensive and five cheapest cities according to our 2020 survey. Our work is guided by our principles of independence, world-class insights and rigorous analysis of the world around us. Contact us and we will get back to you. Six of the top 10 cities in this year’s ranking are in Asia. Chart: Cost of Living Index. This global financial center is followed by Ashgabat (2) Tokyo (3) Singapore (5) Shanghai (7) and Beijing (10).

Share. Tel Aviv (12) continues to be the most expensive city in the Middle East for expatriates, followed by Dubai (23), Riyadh (31), and Abu Dhabi (39). Be a part of the conversation by using #Worldwidecostofliving and follow The EIU’s social channels for more highlights from Worldwide Cost of Living 2020. Cairo (126) remains the least expensive city in the region despite rising forty places.

Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries.

Managua (198) is the least expensive city in South America. Cost of living in Germany is cheaper than in 61% of countries in Western Europe (11 out of 18) Cost of living in Germany is more expensive than in 73% of countries in the World (23 out of 81) Change the currency: Food; Basic lunchtime menu (including a drink) in the business district €12 Combo meal in fast food restaurant (big mac meal or similar) €8 500 gr (1 lb.)

The Cost of Living Around the World in 2020, Mapped!

Despite some low price increases across the region, several local currencies in Europe have weakened against the US dollar, pushing many cities down in the ranking.

Compare the cost of living in 140 cities globally. Subscribers use this information to ensure expatriate salary spending power is maintained when on an international assignment.

However, this year also marks change, with a Japanese city, Osaka, climbing three places to join Hong Kong and Singapore at the top of The Economist Intelligence Unit’s rankings.

As with last year’s Worldwide Cost of Living Survey, and for only the second time in 30 years, three cities share the top spot as the world’s most expensive city to live in. Comparing GDP per inhabitant in PPS provides an overview of living standards across the EU. The database is updated quarterly. Overall the most expensive cities in Europe are mostly the Non-Euro countries. Salary spending power is affected by cost of living, hardship and exchange rate differences between the home and host location. Xpatulator.com has been created to calculate expatriate pay using online calculators and an extensive database of cost of living and hardship indexes, for 780 international locations. Updated biannually, the service provides direct city-to-city comparisons which can be customised according to your needs.

Three cities share world’s most expensive city title: Singapore, Osaka and Hong Kong.

The cost of living index indicates the difference in the cost of living between the two locations. Be a part of our global team dedicated to building brighter futures for employers and their people. London (19), Birmingham (129) and Belfast (149) jumped four, six, and nine places, respectively. New York City ranked sixth, moving up from ninth place. The EIU was created in 1946 specifically to address the issues that readers of The Economist were asking. The report examines more than 400 individual prices across 160 products and services. Mercer's widely recognized survey is one of the world’s most comprehensive, and is designed to help multinational companies and governments determine compensation strategies for their expatriate employees.
Mercer’s survey shows that costs of goods and services shift with inflation and currency volatility making overseas assignment costs sometimes greater and sometimes smaller.

Currency: Sticky Currency Switch to metric measurement units.

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