If you are considering moving to North or South America in the near future, consider the city you are moving to and just how expensive or not it will be for you as an expatriate.http://www.amazines.com/article_detail.cfm/5224865?articleid=5224865
Tuesday, December 25, 2012
Sunday, December 23, 2012
If you are considering moving to North or South America in the near future, consider the city you are moving to and just how expensive or not it will be for you as an expatriate. When you are looking at The Americas to move to as an expatriate the most expensive countries to live in this region for the last quarter of 2012 are........ Article Source: http://EzineArticles.com/7416344http://www.onlywire.com/r/114688278
Sunday, November 25, 2012
The Middle East has always been an expat hotspot and has become more so over the last decade as cities have sprung up amongst the sand swept deserts of the UAE, Bahrain and Qatar. As an expat which cities have a high cost of living, which rank low and what hardships are there to face in these regions?http://my.telegraph.co.uk/xpatulator/xpatulator/19/the-middle-east-and-the-expat-factor/
Tuesday, November 20, 2012
The Asia-Pacific Region has some of the most expensive expatriate locations to live in the world. At the number spot is Tokyo for the last quarter of 2012, Hong Kong is fifth, Yokohama seventh, Osaka eighth and Nagoya ninth. What makes Tokyo so expensive and what other Asia Pacific cities are hotspots in the October 2012 cost of living rankings?http://www.amazines.com/article_detail.cfm/5125883?articleid=5125883
The Asia-Pacific Region has some of the most expensive expatriate locations to live in the world. At the number spot is Tokyo for the last quarter of 2012, Hong Kong is fifth, Yokohama seventh, Osaka eighth and Nagoya ninth. What makes Tokyo so expensive and what other Asia Pacific cities are hotspots in the October 2012 cost of living rankings? Article Source: http://EzineArticles.com/7378457http://ezinearticles.com/?How-Expensive-Is-the-Asia-Pacific-Region-for-Expats?&id=7378457
Wednesday, November 14, 2012
As the most expensive city in Asia-Pacific and the world Tokyo has an overall COLI of 139.89 compared to New York with an index of 100 and is followed by Zurich (2nd), Geneva (3rd) and Luanda (4th) in the world rankings.http://www.articlesbase.com/international-business-articles/how-costly-is-it-to-be-an-expat-in-the-asia-pacific-region-6301260.html
The Asia-Pacific Region has some of the most expensive expatriate locations to live in the world. At the number spot is Tokyo for the last quarter of 2012, what other cities are in the rankings?http://www.isnare.com/?aid=1788750&ca=Career
Tuesday, November 13, 2012
The Asia-Pacific Region has some of the most expensive places to live in the world for expatriates. Would you go there?http://my.telegraph.co.uk/xpatulator/xpatulator/14/costly-asia-pacific-on-the-expat-monitor/
Monday, November 5, 2012
Here are the TOP TEN:
- Bhutan, Thimphu
- Tunisia, Tunis
- Tajikistan, Dushanbe
- Romania, Bucharest
- Bulgaria, Sofia
- Nepal, Kathmandu
- Korea Democratic Republic of, Pyongyang
- India, Calcutta
- Nicaragua, Managua
- Cambodia, Phnom Penh
Thursday, November 1, 2012
According to Xpatulator there has been substantial movement this quarter with Zurich and Geneva in Switzerland ranking second and third, Luanda Angola as fourth and Hong Kong China fifth, with Tokyo moving to top spot.http://www.isnare.com/?aid=1766455&ma=members&ca=World+Affairs
Wednesday, October 24, 2012
For example: "Does the calculator take into account the tax rates of each country. I currently pay about 38% in Australia but the UAE tax rate is nil. should I enter my before tax or after tax salary into the calculator."
We advise using net (after tax) salary. The calculator will then apply the following formula based on the selections in the calculator:
Net Salary in Home Location X Cost of living Index Differential X Exchange Rate X Hardship Differential = Calculated Net Salary in Host Location
If you use net salary the result will be the net salary in the new location. Given the tax rate is nil in AED the net salary would not be grossed up for tax but will be adjusted for cost of living, hardship and exchange rate. If however the new location tax rate was 25% then the net salary would be grossed by 25% to arrive at the equivalent gross salary in the host location.
Sunday, October 21, 2012
What makes Tokyo the most expensive place for expatriates is that it is particularly expensive for the items that consume the largest portion of an expatriates living costs.http://www.articlesbase.com/international-business-articles/how-costly-is-it-to-be-an-expat-6250248.html
Tokyo is the most expensive location in the world overall taking all elements of the cost of living into account. It is the most expensive place for expatriates in that it is particularly costly for the items that consume the largest portion of an expatriates living costs. Article Source: http://EzineArticles.com/7333455http://www.onlywire.com/r/107191117
The most expensive countries in the Middle East for expatriates to live in are: Qatar; United Arab Emirates; Israel; Iran; Lebanon. What other cost of living news is there for the fourth quarter of 2012?http://internationalcostofliving.com/2012/10/15/cost-of-living-rankings-for-the-middle-east-october-2012/
Tokyo as the most expensive city in Asia-Pacific, Tashkent has become less expensive for expatriate’s to live in relative to other global locations. What are the other Cost of Living rankings for the Asia-Pacific Area?http://www.onlywire.com/r/107189082
- Most expensive countries for expatriates to live in are: Switzerland; Monaco; United Kingdom; Norway; and Liechtenstein
- The most expensive cities for expatriates to live in are: Zurich (Second most expensive in the world); Geneva; Monaco; London; and Oslo
- The cheapest city for expatriates to live in is: Bucharest in Romania (764 most expensive in the world)
Particularly expensive in Zurich are the following basket groups, groceries, healthcare, restaurants meals out and hotels, and transport. For example a 1 kg bag of apples averages $5.08 in Zurich, 1 kg boneless, skinless, chicken breast $32.65, 1 kg cheddar cheese $23.80, and a 500g loaf white bread $3.17. A private practice doctor visit for an uninsured patient is likely to cost $125 on average, and a private hospital stay, including nursing care, medications, diagnostic tests, food, and related costs will average $3,675 per day. A cappuccino (regular, medium) costs on average $5.14, while a meal out (for 2 mid-range restaurant) $103.40. The average price over the last year for highest available octane petrol / gasoline has been just over $2 per litre.
The below ranking shows the overall Cost of Living Rankings in Europe by city:
- Switzerland, Zurich
- Switzerland, Geneva
- Monaco, Monaco
- United Kingdom, London
- Norway, Oslo
- Liechtenstein, Vaduz
- Denmark, Copenhagen
- Russia, Moscow
- Jersey, Saint Helier
- France, Paris
Monday, October 15, 2012
- The most expensive countries in the Middle East for expatriates to live in are: Qatar; United Arab Emirates; Israel; Iran; Lebanon.
- The most expensive cities in the Middle East for expatriates to live in: Doha (122 most expensive in the world); Abu Dhabi; Dubai; Jerusalem; Tehran
- The cheapest country and city in the Middle East for expatriates to live in: Sanaa in Yemen (711th most expensive in the world).
Doha is the most expensive city in the Middle East mainly because it is a relatively small centrally controlled economy undergoing rapid growth with large scale infrastructure projects. More than 80% of expatriates in Qatar live in Doha. With a limited number of suppliers of goods and services to the country, when a shortage is experienced in one store, it is usually an indication that all stores will be out of stock. Most goods and services are imported at great cost. Added to the fact that salaries are reputedly the highest in the region (Nationals received a 60% salary hike in September 2011), the cost of living in Doha has increased relative to other cities in the region.
Particularly expensive in Doha are the following basket groups, alcohol, communication, furniture & appliances, housing, and meals out. Alcohol for home consumption, is available for those with a liquor permit, from one shop supplying the country. A midrange bottle of wine is approximately $24, beer ranges from $2.50 to $4.50 for a premium beer. A monthly standard plan internet subscription (4 Mbs) is $113, while the benchmark mobile tariff is $0.13 per minute. A a Blu-ray player averages $145, and you will pay around $1,436 for a 46 inch LED HD TV. While housing has become more affordable since the shortages a few years ago, the benchmark rental for a secure upmarket unfurnished apartment (3 bedrooms) is $4,448 in a central location, and $2,891 in a suburban location, per month, excluding utilities. Meals out in hotels is very expensive, but as in most cities more reasonable priced options can be found outside of the hotels and malls. Fuel is very cheap at just under $0.28 per litre, and vehicle prices are reasonable compared to
most other parts of the world.
The Top 10 overall Cost of Living Rankings in the Middle East by city:
- Qatar, Doha
- United Arab Emirates, Abu Dhabi
- United Arab Emirates, Dubai
- Israel, Jerusalem
- Iran, Tehran
- Lebanon, Beirut
- Bahrain, Manama
- Kuwait, Kuwait City
- Palestinian Territories, West Bank
- Saudi Arabia, Riyadh
New York City is used as the base for the cost of living index rankings and the US dollar is used as the base currency. The cost of living data collected is representative of an expatriate lifestyle, where the local prices for fixed quantities of the same good and services at or near each location, and US dollar exchange rates are used. Prices in each location are affected by availability (i.e. supply and demand) as well as local pricing regulations and taxes on goods and services (e.g. premiums on luxury goods). Local inflation is usually representative of local price increases, which in turn impacts an expatriates purchasing power in the host country. The exchange rate impacts both the price of imports to the host country and the expatriate assignment salary calculation between the home and the host country. The cost of living has a significant impact on the purchasing power of an expatriate’s salary package.
Tuesday, October 9, 2012
- The most expensive countries in Asia Pacific for expatriates to live in are: Japan; Papua New Guinea; Singapore; Australia, China
- The most expensive cities for expatriates to live in are: Tokyo (the most expensive in the world); Hong Kong; Yokohama; Osaka; and Nagoya
- The cheapest city for expatriates to live in is: Dushanbe in Tajikistan (766 most expensive in the world)
Which cities / countries drop in the ranking, and which moved up?
- The biggest mover down the rankings is Tashkent in Uzbekistan, which has dropped to become the 474th most expensive location in the world.
- The biggest mover up the rankings is Papeete in French Polynesia, which has risen to be the 117th most expensive location in the world.
Reasons for this movement:Tashkent has become less expensive for expatriate’s to live in relative to other global locations. This is mainly due to the depreciation of the Uzbekistan Som against the US Dollar over the past year. In September 2011 US $1 could buy UZS 1750, today that has risen to over UZS 1920, increasing expatriate purchasing power by just under 10% in one year.
Papeetes high cost of living is mainly due to the fact that most goods and services are imported at great cost. Furthermore the economy is exposed to the global economy through its heavy reliance on tourism which went into a long decline from 2006 and was compounded by the global recession. Groceries and communication are particularly expensive.
Tokyo as the most expensive city in Asia-Pacific and the world has an overall cost of living index of 139.89 compared to New York with an index of 100. Tokyo is followed by Zurich, Geneva and Luanda in the world rankings.
Tokyo is the most expensive city mainly because of the historical strength of the Japanese currency, the high population density, the high level of salaries, and the lack of resources which result in a high proportion of imports. Particularly expensive in Tokyo are the following basket groups groceries, healthcare, housing, and transport. Benchmark price in a major international retail store for 1 kg apples is $7.08, 1 kg boneless, skinless, chicken breast $11.91, 1 kg cheddar cheese $18.22, and 1 L full cream milk $2.73.
Benchmark price for a private practice doctor visit for an uninsured patient is $125, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is $3,675. Benchmark rental for a secure upmarket unfurnished apartment (3 bedrooms) is $6,293 in a central location, and $3,209 in a suburban location, per month, excluding utilities.
The below ranking shows the Top Ten Cost of Living Rankings in Asia Pacific by city:
- Japan, Tokyo
- China, Hong Kong
- Japan, Yokohama
- Japan, Osaka
- Japan, Nagoya
- Japan, Kobe
- Japan, Kyoto
- Japan, Kawasaki
- Japan, Fukuoka
- Papua New Guinea, Port Moresby
Xpatulator.com Head of Client and Marketing Services Denise McManus that: “Expatriates have long known that Tokyo is a very expensive posting. However it is possible to live within your budget by making sensible choices, for example we know that taxis are expensive, so rather save money and make use of the train service. There are also many expensive restaurants, particularly western branded ones, rather explore some of the many lower and medium-end options.”
Thursday, September 20, 2012
Monday, September 17, 2012
In terms of the hardship people are likely to experience, assessed in global terms, Zurich in Switzerland is ranked as minimal hardship with a hardship index of 10%.
Personalized hardship index premiums for Zurich in Switzerland are based on the comparison location(s) selected in the Calculators.
Wednesday, September 12, 2012
Venezuela is a country ruled by politics. Irrespective of the socialist system instituted by President Hugo Chávez, with vigilant price controls for a range of basic products and a wave of nationalizations and expropriations, life in Caracas perhaps more than in any other Latin American capital, is still defined by its reliance on one volatile commodity: oil.
Alcohol & Tobacco costs are very high compared to other places sitting at 57th more expensive in comparison to 780 other places, for items such as alcohol at a bar, beer, locally produced spirit, whiskey, wine (where alcohol is legally sold) and tobacco related products.
The cost of Clothing is also very high and Caracas is the 4th most expensive for items such as business suits, casual clothing, children's clothing, coats, evening wear, footwear, hats, shoe repairs and underwear.
Communication costs are average compared to other places for various costs such as call charges, home telephone rental, Internet connection, mobile data costs, mobile phone contract and service provider fees. There are 389 places that are more expensive, and 390 places that are less expensive for communication.
Education costs are very high compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There is 1 place that is more expensive.
PreNursery - N-PK: $10,078;
Furniture & Appliance costs are very high compared to other places for items such as a DVD player, fridge / freezer, furniture, household equipment, iron, kettle, light bulbs, microwave, television, toaster, vacuum cleaner and washing machine. There is 1 place that is more expensive, of the 780 comparable places.
Grocery costs are the highest compared to all other 780 places for items such as baby consumables, baked goods, baking, canned foods, cheese, cleaning materials, cleaning products, dairy, fresh fruits, fresh vegetables, fruit juices, meat, oil & vinegars, pet food, pre-prepared meals, sauces, seafood, snacks, soft drinks, spices & herbs.
Healthcare costs are very high with Caracas sitting at the 6th most expensive place for general healthcare, general practitioner consultation rates, healthcare/medical insurance, hospital private ward daily rate and non-prescription medicine.
Household Accommodation costs place Caracas at the 27th most expensive for items such as accommodation, apartment, flat, house, villa, rent, electricity, household fuels, household gas, water, and local property rates / residential taxes / levies.
Miscellaneous costs for items such as dry cleaning, general goods, general services, linen, magazines, maid, newspapers, office supplies, postage stamps and stationery place Caracas at 81 more expensive, e.g. a subscription to the Economist for 51 weeks can cost up to $337.
Personal Care for items such as cosmetics, hair care, moisturizer, nappies, pain relief tablets, shampoo, soap, sun block, toilet paper and toothpaste, are very high with 47 places more expensive.
Recreation and Culture costs place Caracas at 49th most expensive for items such as books, camera, cinema tickets, fitness/health club membership, sports goods and theatre tickets.
Restaurants, Meals Out and Hotel costs are very high compared to other places for items such as a business dinner, dinner at a family restaurant (non-fast food), 4 star and 5 star hotel rates and take away meal (fast food). There are 6 places that are more expensive.
Personalized cost of living indexes for Caracas in Venezuela are based on the basket groups and comparison location(s) selected in the Calculators.
In terms of the hardship people are likely to experience, assessed in global terms, Caracas in Venezuela is ranked as extreme hardship with a hardship index of 40%.
Cost of Living Rank - The Americas Locations - Overall Cost of Living & All Baskets (Highest to Lowest):
Friday, August 10, 2012
Saturday, June 30, 2012
Where is the cheapest city to live in the world? Is it still Bhutan?
What are the overall Cost of living indexes and who is going to win the race?
Come back tomorrow to view the list....
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