New study ranks the 10 most expensive cities for expats

Hong Kong is the most expensive city in the world for expats, according to a recent study by Mercer, a New York-based global consultancy. Expat is short for expatriates, those who live outside their home country.

The annual survey presents data based on research conducted twice a year and rates more than 200 goods and services in categories such as food, housing, personal care and more. Worldwide, high inflation is a growing source of concern for governments, businesses, workers and families.

Here are the top 10 most expensive places for expats to live and work abroad:

Daily life in Hong Kong
Central Hong Kong skyline at night, in Hong Kong, China on 17 October 2021.

Marc Fernandes/NurPhoto via Getty Images

  1. Hong Kong, SAR

Hong Kong is a special administrative region of the People’s Republic of China and has always been touted as one of the most expensive places in the world to live. Known for its iconic skyscrapers and beautiful skyline views, this business hub will cost expats expensive.

Zurich during the coronavirus pandemic
ZURICH, SWITZERLAND – JULY 12: Aerial drone view of downtown Zurich, Limmat river, Lake Zurich and Grossmuenster church stands during the coronavirus pandemic on July 12, 2020 in Zurich, Switzerland . Switzerland has largely lifted most of its coronavirus lockdown measures and has so far recorded around 33,000 infections.

Christian Ender/Getty Images

2. Zurich, Switzerland

This year, Switzerland dominates the top ten, with four cities making the list. Zurich is the most populous city in Switzerland and is known as a global center for banking and finance.

Daily life in Geneva
GENEVA, SWITZERLAND – JUNE 6: A view of the city as citizens and tourists enjoy the sunny day in Geneva, Switzerland on June 6, 2022.

Omer Faruk Yildiz/Anadolu Agency via Getty Images

3. Geneva, Switzerland

Geneva follows Zurich not only in the cost of living category, but also as the second most populous city in Switzerland. The city is home to a myriad of headquarters for several international organizations.

Public transport.  Basel.  Swiss
Public transport. Basel. Swiss.

Public transport. Basel. Swiss. (Photo by: Giovanni Mereghetti/Education Images/Universal Images Group via Getty Images)/Public transport. Basel. Swiss. (Photo by: Giovanni Mereghetti/Education Images/Universal Images Group via Getty Images)

4. Basel, Switzerland

Basel is the third most populous city in Switzerland. It is best known for its architecture and has a popular art scene. The city hosts Art Basel, an annual international art exhibition.

Photo taken on May 22, 2022 shows a view through the window of a train traveling on the Rhaetian Railway in the Albula/Bernina landscapes in Switzerland. The Rhaetian Railway in the Albula/Bernina Landscapes was added to the UNESCO World Heritage List in 2008.

Zheng Huansong/Xinhua via Getty Images

5. Bern, Switzerland

Switzerland technically does not have a capital, but Bern is considered the de facto capital. The Swiss city offers picturesque views and is currently the seat of the country’s federal government.

Skyline of Tel Aviv at the beach, Tel Aviv, Israel
Israel, Tel Aviv – March 10, 2018: Skyline of Tel Aviv at the beach seen from the Marina

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6. Tel Aviv, Israel

Tel, Aviv, the coastal city of Israel, is world famous for its nightlife, beautiful beaches and Bauhaus-style buildings more than any other city.

TOPSHOT – The Manhattan skyline is seen at sunrise from the Empire State Building’s 86th floor observatory on April 3, 2021 in New York City. – The Empire State Building, a 102-story Art Deco skyscraper in midtown Manhattan, opened during the Great Depression on May 1, 1931.

ANGELA WEISS/AFP via Getty Images

7. New York, USA

Known as the Big Apple, New York is by far the most populous city in America. Although there is no precise count, some experts believe that New York is home to up to 800 languages, making it the ideal place for international travelers, but not necessarily for their pockets, as it ranks eighth on the list and the most expensive city. live in the United States

Overview of Changi Jewel Airport
SINGAPORE – APRIL 11: Skytrain passes by Rain Vortex at Jewel Changi Airport on April 11, 2019 in Singapore. Officially opened on April 17, Singapore’s Changi Airport Jewel features a 40-metre indoor waterfall contained under a steel and glass dome said to have been built for SGD 1.7 billion.

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8. Singapore

The island city-state on the Malay Peninsula ranks in this year’s top 10 and has not only become one of the world’s leading financial centers, but also one of the greenest. According to the government, nearly half of Singapore’s land area is covered in greenery.

Japan, Tokyo city
Japan, Tokyo City, Akihabara District, Electric Town,.

Japan, Tokyo City, Akihabara District, Electric Town,. (Photo by: Dukas/Universal Images Group via Getty Images)/Japan, Tokyo City, Akihabara District, Electric Town,. (Photo by: Dukas/Universal Images Group via Getty Images)

9. Tokyo, Japan

Tokyo, the capital of Japan, features a mix of traditional and ultra-modern architecture, with neon-lit buildings and historic temples dazzling the skyline. The city also has one of the busiest train stations in the world, Shinjuku Station, which receives around 3.6 million commuters every day.

Daily life in Beijing
BEIJING, CHINA – JULY 07: Tourists visit Forbidden City on July 7, 2019 in Beijing, China.

Visual China Group via Getty Images/Visual China Group via Getty Images

10. Beijing, China

Capital of China, Beijing is located in the northeastern part of the country and is the second largest city in China in terms of population. Beijing is home to many well-known attractions, such as a section of the Great Wall of China and the Forbidden City.

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