The most expensive cities in the world - expat ranking

June 1, 2015 - PRLog -- According to the latest cost of living ranking from EuroCost International, Luanda is now the most expensive place in the world for expats.
The survey is based on prices collected in December 2014 and updated with March 2015 exchange rates; it compares expat living costs in major locations worldwide, including housing costs.

Major highlights
·         Luanda (Angola) is now the most expensive location for expats
·         Euro zone cities fall down the ranking
·         Chinese cities progress and are omnipresent in the world top 20

Exchange rate fluctuations have been so strong those last few months that the world ranking of cost of living for expats established a few months ago is now totally overturned.

Major shifts in the top 3: Luanda – Hong Kong & Shanghai
Angola's capital has long been close to the top, behind Moscow, but the ruble's collapse has opened the way to top position.
Hong Kong is second, up from 6^th spot and Shanghai makes up the top 3.
The other Chinese locations also progress in the ranking, as a result of the strength of the yuan: Beijing is 6^th, Guangzhou 12^th, Wuhan 17^th and Chengdu 21^st.
Moscow, that was number one a few months ago, is now only 16^th! The still expensive rent prices in the Russian capital have prevented a still more significant drop.

The most expensive cities in the world – March 2015
1  Luanda - Angola
2  Hong Kong - Hong Kong
3  Shanghai - China
4  Geneva - Switzerland
5  London - United Kingdom
6  Beijing - China
7  Kinshasa - Congo, DR
8  Tokyo - Japan
9  Singapore - Singapore
10  Seoul - South Korea
11  Beirut - Lebanon
12  Guangzhou - China
13  Zurich - Switzerland
14  New York - United States
15  Lausanne - Switzerland
16  Moscow - Russia
17  Wuhan - China
18  Lubumbashi - Congo, DR
19  San Francisco - United States
20  Mumbai - India

All details about 2015 worldwide ranking and comments by geographical area on http://www.eurocost.com/en/cost-of-living-2015.html


About EuroCost International
EuroCost International specializes in expatriation and conducts expat cost of living surveys in more than 290 locations worldwide.
Those data are used by HR professionals to calculate their expat remuneration packages.
EuroCost International cost of living indices are updated 4 times a year (in March, June, September & December). They are based on a basket of 350 goods and services representative of the consumption habits of expatriates and can be customised to fit any company’s or organisation’s salary policy. Those indices are available on a city-to-city comparison basis.
EuroCost International also provides specific reports on rental costs, school costs, business trips or on quality of life for expats.