Saturday, July 13, 2019
International Cost of Living for Expats 2019
Hong Kong is the most expensive city in the world for an expatriate professional migrant to live in as at July 2019, followed by Singapore and Monaco. Hong Kong is the 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'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.