Tokyo has been knocked off its perch as the world’s most pricey city for expatriates, a new survey has revealed. Global human resources consultancy firm ECA International collected data on things like the cost of groceries, clothes, and eating out to produce a ranking of the top 50 most expensive cities worldwide for international assignees. Check out the top 15...
15. Stockholm, Sweden
14. Seoul, Korea Republic
Considerable increases in prices of goods, combined with a stronger Won has seen Seoul jump from its 29th ranking last year.
13. Nagoya, Japan
Nagoya has dropped from third place since last year.
12. Copenhagen, Denmark
11. Port Moresby, Papua New Guinea
10. Bern, Switzerland
9. Basel, Switzerland
8. Geneva, Switzerland
7. Zurich, Switzerland
6. Tokyo, Japan
For the first time in three years, Tokyo is no longer the most expensive location for international assignees.
5. Moscow, Russia
Moscow has leapt up the ranking from its position in spot 13 last year.
4. Juba, South Sudan
Juba has jumped a massive 40 places from its 45th ranking last year.
3. Stavanger, Norway
Picturesque Stavanger is up from fifth last year.
2. Luanda, Angola
Luanda has continued its climb from fourth last year. But the world's most pricey city for expats is...
1. Oslo, Norway
"Prices in Oslo tend to be more expensive compared to other parts of the world (because of) the cost of production and labour," ECA International. spokesman Lee Quane says.
"Services include dry cleaning, shoe repair, hair dressing - items which are more labour intensive - meals eaten out at restaurants as well. We also see the impact of taxes. For example alcohol and tobacco is relatively expensive." According to ECA International data for Oslo, a beer at a bar costs US$14.10 while a soft drink will set you back US$3.43.