Tokyo, Japan is the world’s most expensive city for expatriates, according to Mercer’s latest Cost of Living Survey. Luanda, Angola follows in second place.
Osaka, Japan is in third position, Moscow, Russia in fourth, and Geneva, Switzerland comes in at fifth.
Most expensive U.S. cities. According to the report, New York (33) is the most expensive city in the United States, followed by Los Angeles (68), San Francisco (90), White Plains, NY (98), Washington, DC (107), and Chicago and Miami tied at 110.
Winston-Salem, NC (195) is ranked as the least expensive city in the United States.
The survey covers 214 cities and measures the comparative cost of over 200 items in each location, including transportation, food, clothing, household goods, entertainment, and the cost of housing.
Mercer’s Cost of Living Survey uses New York as the base city and all cities are compared against it. Currency movements are measured against the U.S. dollar.