5 most expensive cities in the world for expats

Images: Shutterstock, Pexels Source: Mercer [{ "selector": ".umeez-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".xktnj-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

Several factors including inflation, exchange-rate fluctuations and increasing economic and geopolitical volatility impact the cost of living in major cities.

Islamabad, Lagos and Abuja have the lowest living costs for international workers due to currency depreciations.

Let’s look at the 5 costliest cities for international workers as per Mercer’s 2024 cost-of-living data.

Hong Kong

This city with an amazing skyline is infamous for its high real estate prices and unparalleled cost of living. It is expensive even for basic necessities.

Singapore

This Asian city-state is known for its global financial hub, high standard of living, luxury shopping destinations and high property prices.

Zurich

This city is expensive due to its high labour cost and limited land leading to high real estate prices, strong currency, high taxes and demand for quality of life.

Geneva

This city in Switzerland is a global financial and cultural hub with high rental and property prices and a high quality of life and standard of living.

Basel

Basel is Switzerland’s major pharma centre. It is extremely costly because of its strong economy, high wages and rising housing prices.

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