Xpatulator.com's Cost of Living Rankings always highlight the most expensive cities to live in as an expat, but what about the cheaper cities, the ones that will curl your toes, that are less costly, more interesting and offer great opportunities.
Read more about four of the most overlooked cities where the cost of living is relatively low.
1. Dalian - The Back Door to China
China’s two largest cities - Shanghai and Beijing have been steadily climbing up the global cost of living rankings.
Shanghai breaking into the top twenty in 17th position, according to Xpatulator.com’s 2014 Q1 report.
Beijing coming in at 28th spot. Why? Rising housing costs have made the biggest jump while everything from transportation to groceries has also been climbing.
However it is the little known Dalian that has a long history of foreign workers.
Dalian ranks 227th in the cost of living rankings of 780 locations. Compared to Shanghai, a luxury 3-bedroom suburban apartment will cost roughly half at $1271 USD per month in Dalian compared to $2371 in Shanghai. Taxi fares are also around 20% cheaper.
In 2006 China Daily News ranked Dalian as China’s most livable city. For western workers, companies like Dell and Intel both have manufacturing and administrative offices here.
2. Budapest - The Unsung European Capital
Capital cities in Europe such as Stockholm, Paris and Oslo were near the top of the rankings, Budapest, the capital of Hungary, is the bargain city to be looking at. Budapest placed 536th out of the over 700 cities.
In a pub in Budapest you can expect to pay the equivalent of 89 U.S. pennies for a half liter bottle of domestic beer, while a local brew in Geneva, runs up to $2.54, nearly three times more. A four star hotel in Budapest averages $204 USD a night while in Geneva, expect to pay around $540.
The purchasing power parity (PPP) of the average Budapest wage earner is 147% of the average for the European Union as a whole. With nearly 400,000 companies operating in the city there are excellent opportunities in virtually every industry.
3. Cape Town - From Supply Stop to Global Center
This former colony has become a major international center. As the home of the South African Parliament, it also ranks as the manufacturing and business center for the southern part of the country. Almost every major international company has their manufacturing and operations headquartered here, including Johnson & Johnson, Levis Strauss and Adidas.
Despite its position as a global city, Cape Town ranks 550th on the Xpatulator.com global cost of living. Comparing costs it’s not hard to see why Cape Town is attracting attention among foreign workers. A Big Mac, can cost the equivalent of $4.18 USD, while the cost of private schooling - yearly tuition at an international school in Cape Town averages $8,320.
Cape Town is also actively promoting itself as a destination for foreign workers in key professions where it sees a skills gap. While unemployment in rural areas of South Africa is as high as 70% due to a large number of unskilled workers; teachers, engineers, medical and IT workers are in high demand and are eligible for special work permits through the S.A. Department of Home Affairs.
4. Calgary - Canadian Hub for Oil and Gas
Calgary is the booming center for Canada’s oil and natural gas industry, and it’s fastest growing economy.
As the corporate headquarters for virtually every company involved in developing the Alberta tar sands, as well as renewed production from what is known in the industry as non-traditional drilling, Calgary is a bastion of stability in the global world of big oil.
Many expats are moving to this city from other places such as the volatile Caracas.
As the 87th most expensive city on Xpatulator.com’s latest report, Calgary is not cheap. When you consider however that the top 3 most expensive cities in the World are centers for oil and gas, Calgary becomes an attractive option. Canadian news agency, the Globe and Mail has reported that workers have been moving to Calgary “en mass” from the troubled oil fields of Caracas, Venezuela. Caracas ranks #2 and Luanda, Angola ranks #1 among the World’s most expensive cities.
In a global economy, international experience is a huge boost to personal marketability. As markets and businesses spill across borders and around the globe, the demand for skilled workers with international business experience and cultural sensitivity is growing. For experienced expat workers in many key positions there is also the prospect of an exceptionally high standard of living.
The new global cost of living rankings released by Xpatulator.com reveal that costs have risen sharply in many of the most popular destinations for expat workers, but there are still low cost cities with great opportunities.
If you are considering an overseas assignment you can access detailed cost of living ranking information on any one of 780 different locations through Xpatulator.com. Their online calculators also help you estimate the salary and benefits you will need to maintain the same purchasing power and standard of living on an overseas assignment.
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