Cost Of Living Guides

Hong Kong becomes most expensive city for expats in cost of living rankings

by Ray Clancy on July 3, 2018

Cities in Asia, Europe and Africa are the most expensive places in the world for expats employed by international companies, led by Hong Kong, new research has found.

The annual global cost of living survey from Mercers also looks at the changes ahead for expats and employers, suggesting that mobile talent is likely to be increasingly important.

Hong Kong

(By leungchopan/Shutterstock.com)

It says that in an era of digital technology, aging populations, skills shortages, and unpredictable political and economic contexts, the landscape of global business is changing as are jobs that are critical for the future of work.

As a result, multinationals are embracing this transformation by focusing on mobile talent but factors like the instability of housing markets, low inflation, and fluctuating prices for goods and services are impacting the cost of doing business in various cities around the world. [click to continue…]

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