Friday, April 21, 2017
Europe Expat Cost of Living - April 2017
Zurich and Geneva are ranked as the first and second most expensive expat cities in Europe and the 4th and 5th most expensive cities in the world for expatriates. This is due primarily to the strong Swiss Franc as well as due to high rentals and institutionalized high wages. Despite the fact that there have been moderate price increases in most of Europe, the Euro has weakened against the US Dollar which has resulted in lower USD prices, pushing Euro cities down in the global ranking. An interesting observation is that the top ten most expensive cities in Europe are dominated by Non-Euro countries. Oslo is the world's 7th and Europe's third most expensive city. Oslo was the most expensive location in Europe in 2014, however lower global oil prices and subsequent weaker oil sector has contributed to Oslo becoming relatively cheaper in global terms. Non-Euro countries continue to be the most expensive expatriate locations in Europe.