Mercer’s 2024 Price of Dwelling Metropolis Rating confirms what many people already know: Singapore stays the second priciest metropolis for worldwide workers to dwell in, trailing solely Hong Kong. The highest 5 cities noticed no change this yr, with Zurich, Geneva, and Basel remaining the costliest cities for expats in Europe.
“Price-of-living challenges have had a major impression on multinational organizations and their workers,” mentioned Yvonne Traber, Mercer’s International Mobility Chief. “It will be significant for organisations to remain knowledgeable about cost-of-living developments and inflation charges and search enter from workers on these points to successfully handle their results.”
International Prime Ten
Rating | Metropolis | Nation | Change |
1 | Hong Kong | Hong Kong (SAR) | 0 |
2 | Singapore | Singapore | 0 |
3 | Zurich | Switzerland | 0 |
4 | Geneva | Switzerland | 0 |
5 | Basel | Switzerland | 0 |
6 | Bern | Switzerland | 1 |
7 | New York Metropolis | United States | -1 |
8 | London | United Kingdom | 9 |
9 | Nassau | Bahamas | 1 |
10 | Los Angeles | United States | 1 |
Singapore went from eighth to 2nd in 2022, primarily attributable to a powerful foreign money place, with excessive inflation brought on by post-pandemic provide chain disruptions and rising gasoline prices.
In 2024, the high-ranking cities all confronted comparable points, equivalent to costly housing markets, excessive transportation prices, and better prices of products and companies, which all contributed to excessive dwelling prices.
South East Asia Metropolis Rating
123 | Phnom Penh | Cambodia |
129 | Bangkok | Thailand |
131 | Manila | Philippines |
157 | Jakarta | Indonesia |
172 | Hanoi | Vietnam |
176 | Bandar Seri Begawan | Brunei |
178 | Ho Chi Minh Metropolis | Vietnam |
183 | Yangon | Myanmar |
200 | Kuala Lumpur | Malaysia |
211 | Vientiane | Laos |
214 | Johor Baru | Malaysia |
Mercer analysed 226 cities worldwide, and in contrast 200 gadgets in every location — from housing and transportation to meals, clothes, family items and leisure. To make sure consistency in city-ranking comparisons, New York Metropolis was utilized as the bottom metropolis and foreign money actions had been measured in opposition to the US greenback.
Asia Metropolis Rating
23 | Shanghai | China |
25 | Beijing | China |
32 | Seoul | South Korea |
49 | Tokyo | Japan |
69 | Taipei | Taiwan |
136 | Mumbai | India |
140 | Dhaka | Bangladesh |
146 | Osaka | Japan |
165 | New Delhi | India |
222 | Karachi | Pakistan |
Characteristic picture: Mike Enerio@Unsplash