Thursday, January 6, 2011

Asia-Pacific Cost of Living: January 2011

Asia-Pacific has 4 of the 10 most expensive cities in the world. Tokyo is first and Hong Kong the third most expensive location in the world (and most expensive in greater China), whilst Osaka is the third most expensive city in Asia-Pacific (ranked 5 in the world), followed by Nagoya (ranked 9 in the world).

Cities in mainland China remain relatively cheap, mainly due to the pegging of the Chinese Yuan to the US Dollar which has kept costs down. Within mainland China, Shanghai (ranked 19 in the world), and Beijing (ranked 126 in the world) are the most expensive locations. The cheapest city surveyed in China is Tianjin (ranked 284) with a cost of living index of just 61.4. The cheapest city in Asia-Pacific is Nuku’Alofa in Tonga (ranked 299) with a cost of living index of 53.1.

Most expensive cities in Asia-Pacific (Global rank in brackets)
1. Japan, Tokyo (1)
2. China, Hong Kong (3)
3. Japan, Osaka (5)
4. Japan, Nagoya (9)
5. Japan, Yokohama (13)
6. Australia, Sydney (17)
7. China, Shanghai (19)
8. Australia, Canberra (20)
9. Kiribati, South Tarawa (23)
10.Singapore (26)

South Asia is the least expensive region in the world for expatriates to live in. The most expensive city surveyed is Mumbai (ranked 109 in the world), followed by New Delhi (ranked 136), and Chennai (ranked 139). The cheapest city in South Asia is Thimphu in Bhutan (ranked 297).

Most expensive cities in South Asia (Global rank in brackets)
1. India, Mumbai (109)
2. India, New Delhi (136)
3. India, Chennai (139)
4. India, Calcutta (141)
5. Maldives, Male (147)
6. India, Hyderabad (149)
7. India, Bangalore (167)
8. Afghanistan, Kabul (208)
9. Bangladesh, Dhaka (263)
10.Pakistan, Lahore 278)

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