Monday, April 4, 2022

International Cost of Living - April 2022

Singapore is the most expensive city in the world for Expatriate’s to live, with an overall cost of living index of 128. 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.


Victoria in the Seychelles is the most expensive city in Africa for Expatriate’s to live, with an overall cost of living index of 83.


Manhattan is the most expensive city for Expats in America with an overall Cost of Living Index (COLI), for all 13 basket groups, of 117 (New York =100).


Hong Kong is the second most expensive city in Asia Pacific for Expats with an overall Cost of Living Index (COLI), for all 13 basket groups, of 126 (New York =100), mainly due to extremely high housing costs (which counts for around 30% of the overall cost of living for most Expats), with limited space available making rentals high.


Zurich is the most expensive city in Europe for Expatriate's to live with an overall Cost of Living Index (COLI), for all 13 basket groups, of 108 (New York =100).


Beirut is the most expensive city in the Middle East for Expatriate’s to live, with an overall cost of living index of 111.