(Free Press Release) 28 September 2010
- Tokyo still at the top of the worldwide ranking of the most expensive cities
- Moscow: most expensive city for expatriates in Europe
- Significant fall down of the euro zone cities in the ranking
According to the latest cost of living ranking from EuroCost International, Tokyo remains the worldâ€˜s most expensive city.
This survey is based on prices collected in June 2010 and updated with August exchange rates; it compares expat living costs, including housing costs.
A significantly modified ranking
Exchange rate fluctuations of the last few months have significantly modified the ranking when compared to 2009 figures.
The weakening of the euro against most currencies has moved all euro zone cities down in the ranking.
The top 3 remain unchanged. Tokyo is still the most expensive location in the world, well ahead from Angolan capital Luanda closely followed by Moscow. Two Asian cities make up the top 5: Hong Kong and Singapore.
Two Brasilian cities Rio de Janeiro and Sao Paulo enter the top 10. The main reasons for this move up are the good health of the Brazilian economy and the strengthening of the real. Australian cities also benefit from the reinforcement of their national currency: Sydney and Canberra now rank 10th and 22nd respectively
Worldwide top 10
- Hong Kong
- Rio de Janeiro
- Sao Paulo
All details about 2010 worldwide ranking and comments by geographical area on http://www.eurocost.com/en/cost_of_living_2010.html
About EuroCost International
EuroCost International specialises in expatriation and conducts expat cost of living surveys in more than 270 locations worldwide.
Those data are used by HR professionals to calculate their expat remuneration packages.
EuroCost International cost of living indices are updated 4 times a year (in March, June, September & December). They are based on a basket of 350 goods and services representative of the consumption habits of expatriates and can be customised to fit any companyâ€˜s or organisationâ€˜s salary policy. Those indices are available on a city-to-city comparison basis.
EuroCost International also provides specific reports on rental costs, school costs, business trips or on quality of life for expats.
Nathalie Wilkin: [email protected]
Tel +352 126.96.36.199