Japan


Hong Kong ranked as most expensive city in the world for expats

by Ray Clancy on June 23, 2016

Hong Kong is the most expensive city in the world for expats, pushing Luanda in Angola into second place, according to the latest global cost of living survey.

The rankings from Mercer put Zurich in third place, Singapore in fourth while Tokyo is in fifth, up six places from last year and Kinshasa in sixth, appearing for the first time in the top 10 after moving up from thirteenth place.

Other cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Shanghai in seventh, then Geneva, N’Djamena and Beijing while the world’s least expensive cities for expats are Windhoek at 209, Cape Town at 208 and Bishkek at 207.

hong-kong-china

Cities in the United States have climbed in the ranking due to the strength of the US dollar against other major currencies, in addition to the significant drop of cities in other regions which resulted in US cities being pushed up the list.

New York is up five places to rank 11, the highest ranked city in the region with San Francisco at 26 and Los Angeles at 27 while Portland at 117 and Winston Salem, North Carolina, at 147 are the least expensive US cities.

In South America, Buenos Aires at 41is the costliest city despite a 22 place drop from last year, followed by San Juan in Puerto Rico at 67. The majority of other cities in South America fell as a result of weakening currencies against the US dollar despite price increases on goods and services in countries, such as Brazil, Argentina, or Uruguay.

Canadian cities continued to drop in this year’s ranking mainly due to the weak Canadian dollar. The country’s highest ranked city is Vancouver at 142, down 23 places, then Toronto at 143, Montreal at 155 and Calgary at 162.

Two European cities are among the top 10 list of most expensive cities. At number three in the global ranking, Zurich remains the most costly European city, followed by Geneva at eight and Bern at 13.

Other cities, including Oslo at 59 and Moscow at 67, fell 21 and 17 places respectively as a result of local currencies losing significant value against the US dollar. London at 17 and Birmingham at 96 in the UK fell five and 16 while the German cities of Munich at 77, Frankfurt at 88 and Dusseldorf at 107 climbed in the ranking.

Tel Aviv at 19 continues to be the most expensive city in the Middle East followed by Dubai at 21, Abu Dhabi at 25 and Beirut at 50 while Jeddah at 121) remains the least expensive city in the region despite rising 30 places.

In Asia Pacific Hong Kong is the most expensive city, Singapore remained steady in fourth place, Tokyo at five climbed six places with Shanghai in seventh, Beijing in tenth, Shenzhen at 12 and Seoul at 15, down seven places. The report says that the strengthening of the Japanese yen pushed Japanese cities up in the ranking but Chinese cities fell due to the weakening of the Chinese yuan against the US dollar.

Mumbai at 82 is India’s most expensive city, followed by New Delhi at 130 and Chennai at 158 while Kolkata at 194 and Bangalore at 180 are the least expensive Indian cities. Elsewhere in Asia, Bangkok at 74, Kuala Lumpur at 151 and Hanoi at 106 fell 29, 38 and 20 places respectively.

Australian cities had some of the most dramatic falls in the ranking this year as the local currency has depreciated against the US dollar. Brisbane at 96 and Canberra at 98 fell 30 and 35 places while Sydney at 42 remained as Australia’s most expensive city for expatriates but still fell 11 places and Melbourne fell 24 places to rank 71.

{ 0 comments }

Thumbnail image for Parents who move abroad see the world in a different way to other expats

Parents who move abroad see the world in a different way to other expats

October 21, 2015 Australia

Whether it is helping their children take up sport or giving them a better education, expat parents are more likely to stay abroad a long time, research suggests. They value the continuity this provides their family and the desire to have a high quality, stable family life is one of the main factors for staying, […]

Read the full article →
Thumbnail image for Japan Ranked as Costliest Place in Asia Pacific to Send Employees

Japan Ranked as Costliest Place in Asia Pacific to Send Employees

May 12, 2015 General

Japan is the most expensive country in the Asia Pacific region for a company to send a worker abroad due to the cost of housing, education and pay, as well as a host of other factors, research shows. The country has Asia’s highest expat packages. On average, a package for an expat middle manager there […]

Read the full article →
Thumbnail image for Tokyo Named as the World’s Safest City

Tokyo Named as the World’s Safest City

February 16, 2015 General

Tokyo is the safest city in the world to live while Jakarta is at the bottom of an international index of 50 cities. Tokyo tops the overall ranking this year, according to the latest index report from the Economist Intelligence Unit. The world’s most populous city is the safest in the Index. The Japanese capital […]

Read the full article →
Thumbnail image for Asian cities becoming among the most expensive for expat accommodation

Asian cities becoming among the most expensive for expat accommodation

April 17, 2014 China

Four of the top 10 cities with the most expensive rental accommodations for foreign expats are in Asia, an increasingly popular expat location, according to a new report. Asia is becoming increasingly popular with expats from Europe and the United States with many major firms setting up offices in Hong Kong, China, Japan and India, […]

Read the full article →
Thumbnail image for Singapore and Paris knock Tokyo off top of list of most expensive cities

Singapore and Paris knock Tokyo off top of list of most expensive cities

March 11, 2014 European Union

Singapore has been named as the world’s most expensive city, knocking Tokyo off the top spot, according to the Economist Intelligence Unit’s Worldwide Cost of Living Survey. The report compares the cost of living between 131 cities worldwide comparing a basket of goods ranging from household items, alcohol and clothing to petrol and utilities. Expats […]

Read the full article →
Thumbnail image for Japan hit by tsunami warning

Japan hit by tsunami warning

December 7, 2012 Japan

Japan is yet again under the cloud of a tsunami warning after an earthquake measuring 7.3 on the Richter scale hit Japan’s east coast. The epicentre of the quake was around 245 km miles south-east of Kamiashi at a depth of 36 km. The US geological survey reported that the shock from the quake was […]

Read the full article →
Thumbnail image for Tokyo is most expensive city in the world for expats, survey shows

Tokyo is most expensive city in the world for expats, survey shows

August 14, 2012 General

Tokyo is the world’s most expensive city for expats, according to the latest Cost of Living Survey from consultants Mercer which covers 214 cities and measures the comparative cost of over 200 items including transport, food, clothing and household goods. Luanda in Angola is pushed off the top spot into second place and in third […]

Read the full article →
Thumbnail image for Expat bankers and finance services workers leaving Japan

Expat bankers and finance services workers leaving Japan

March 18, 2011 Japan

Expat bankers and finance workers are leaving Tokyo in the aftermath of the severe earthquake and the on-going nuclear crisis. A week since the earthquake and tsunami struck staff from BNP Paribas, Standard Chartered and Morgan Stanley are among the banks whose staff have left.

Read the full article →
Thumbnail image for Think tank urges Japan to be more open to expat workers

Think tank urges Japan to be more open to expat workers

November 30, 2010 Japan

Job opportunities for expats could open up in Japan if the country relaxed its traditionally restrictive immigration system, according to a report from a leading international think tank. A skills shortage means that Japan would benefit from skilled immigration but needs to have a more open system, says the Japan Forum on International Relations (JFIR).

Read the full article →

Furnishing your new apartment in Japan

May 28, 2009 Japan

In simple terms there are two groups of people who normally move overseas, those who want to relocate forever and those who move for employment purposes. A new discussion has been opened on the Japan thread which covers the subject of furnishing your apartment. This may sound like a very simple choice, to ship in […]

Read the full article →

Teaching English in Japan

January 21, 2009 Japan

The Japanese forum is one which seems to get a lot less attention than areas such as Dubai and Spain for example but there are some very interesting posts in the expat forum. This particular post covers an Australian university student who is looking to take some time out before finishing his degree and looking […]

Read the full article →

Buying a SIM card in Japan

December 25, 2008 Japan

The subject of using mobile phones in Japan and buying SIM cards which will work in the country is a subject which has attracted a number of posters in the Japan Forum. Like so many everyday products and services which we use, many people just assume that a well-known mobile phone brand will work overseas […]

Read the full article →