Friday, January 12, 2018

Europe Expat Cost of Living January 2018

Oslo is Europe's most expensive and the world's 4th most expensive city, leapfrogging past Zurich and Geneva. Zurich and Geneva are ranked as the second and third most expensive expat cities in Europe and the 5th and 6th most expensive cities in the world for expatriates as at January 2018. This is due primarily to the strong Swiss Franc as well as due to high rentals and institutionalized high wages.
An interesting observation is that the most expensive cities in Europe are dominated by Non-Euro countries.

Thursday, January 11, 2018

International City Cost of Living for Expatriate Professionals - January 2018

Top 20 City Rankings as at 1 January 2018 - Overall cost of living Index - All 13 Baskets:

1. Luanda (Angola-Africa)
2. Hong Kong (China-Asia-Pacific)
3. Singapore (Singapore-Asia-Pacific)
4. Oslo (Norway-Europe)
5. Zurich (Switzerland-Europe)
6. Geneva (Switzerland-Europe)
7. Hamilton (Bermuda-Americas)
8. Tokyo (Japan-Asia-Pacific)
9. New York (Manhattan) NY (USA-Americas)
10. Monaco (Monaco-Europe)
11. Bangui (Central African Republic-Africa)
12. Shanghai (China-Asia-Pacific)
13. Sydney (Australia-Asia-Pacific)
14. San Jose CA (USA-Americas)
15. Copenhagen (Denmark-Europe)
16. Yokohama (Japan-Asia-Pacific)
17. George Town (Cayman Islands-Americas)
18. San Francisco CA (USA-Americas)
19. Nassau (the Bahamas-Americas)
20. Osaka (Japan-Asia-Pacific)

Tuesday, January 9, 2018

The Most Expensive Countries in the World for Expatriates - January 2018

The top ten most expensive countries in the world as at January 2018 comprise three from Africa Angola (1); South Sudan (3); Central African Republic (10), three from Europe Norway (2); Switzerland (5); Denmark (7), three from America Bermuda (4); Cayman Islands (6); Bahamas (8), and one from Asia Pacific Japan (9).

Angola is the most expensive country in the world for expatriate professional migrants mainly because almost all international standard goods and services have to be imported, as a result there are price premiums due to demand constantly exceeding supply.

Norway has long been very expensive and interestingly is the only oil-producing country with high gas prices. High levels of taxation are applied to convince Norwegians to keep their cars at home and use public transportation instead. Almost everything in Norway is expensive compared to other countries. But this is not as much of a challenge for Norwegians as it is for expatriate professional migrants and tourists...

Monday, January 8, 2018

International Cost of Living for Expatriate Professionals January 2018

Luanda is the most expensive city in the world for an expatriate professional migrant to live in as at January 2018, followed by Hong Kong and Singapore. The top ten most expensive cities in the world comprise one from Africa, Luanda (1), three from Asia-Pacific, Hong Kong (2); Singapore (3); Tokyo (8), four from Europe, Oslo (4); Zurich (5); Geneva (6); Monaco (10), and two from America, Hamilton (7); Manhattan NY (9).

As opposed to Hong Kong, everything in Luanda is expensive as almost all international standard goods and services are imported. Despite the lower oil price, the slow-down in oil related projects, and dramatic reduction in revenue to Angola in 2016, prices in Luanda remain extremely high.

Hong Kong is the second most expensive city due to the very high cost of housing and healthcare, as well as the strong Hong Kong dollar which is fixed against the US Dollar.

Singapore is the third most expensive city in the world for Expatriate’s to live. Singapore's education system, which is widely regarded as the best in the world, is also the most expensive for expatriates when priced in US Dollars, the cost of housing is also extremely high due to the limited space and premium on high quality expatriate accommodation, while the complex Certificate of Entitlement system makes car prices excessive, resulting in Singapore’s transport costs being amongst the highest in the world.

Full Ranking