Monday, June 18, 2007

Worldwide Cost of Living Survey 2007 – Top 50 city rankings

$ devaluation at work.....the biggest surprise is that no Canadian city made it into the top 50....make sure you get the separate ranking "quality of living" at the bottom of the post.

Moscow´s rise is solely tied to the Russian resources . click on the headline to see the top 50 list.

$ Verfall bei der Arbeit.....die größte Überraschung ist das sich keine kanadische Stadt in den Top 50 befindet. Ich hätte aufgrund der starken Rohstoffbasis sicher damit gerechnet. Ihr solltet zudem unbedingt zum Vergleich noch das Ranking der Lebensqualität am Ende des Posts ansehen.

die Stellung Moskaus ist einzig und allein mit den Rohstoffen in Russland zu erklären . klickt bitte auf die Überschrift um die Top 50 Liste aufzurufen.
Moscow remains the world’s most expensive city for expatriates

European cities dominate the top of the list

placing 30 cities on the list and capturing six of spots in the top ten. Strong currencies helped push most European cities higher for 2007.

Many North American cities have dropped sharply in the rankings

Only two US cities made the list (New York City at 15th and Los Angeles at 42nd) thanks to the weak US dollar. No Canadian or Latin American cities were in the top 50.

London climbs three places to rank second

Australasia: Sydney was the lone representative in the top 50, placing 19th.

Moscow is the world’s most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. London is in second position, climbing three places since last year. Seoul moves down one place in the ranking to take third place, followed by Tokyo in fourth. Asuncion in Paraguay is the least expensive city for the fifth year running.

With New York as the base city scoring 100 points, Moscow scores 134.4 and is over two-and-a-half times costlier than Asuncion, which has an index of 50. Even so, the gap between the world’s most and least expensive cities appears to be narrowing.

Mercer’s survey covers 143 cities* across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is the world’s most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowances for their expatriate employees.

“There have been some significant changes in the rankings since last year. These are primarily due to exchange rate fluctuations - in particular, the weakening of the US Dollar and strengthening of the Euro,” said Rebecca Powers, a principal and senior consultant at Mercer.

New York remains the most expensive city in North America but drops five places to position 15 (score 100). Other North American cities have dropped more steeply and only New York and Los Angeles (position 42, score 87.1) rank in the top 50 cities.


Toronto, the most expensive city in Canada, has dropped 35 places to position 82 (score 78.8). Calgary and Vancouver have also tumbled down the rankings, sliding from 71st place to 92nd and 56th to 89th respectively. Ottawa remains the cheapest Canadian city in 109th position scoring 72.3. Canadian cities have traditionally rated favourably in the worldwide ranking. The new scores reflect a low rate of inflation and stable housing prices. In addition, while it has appreciated slightly against the US Dollar, the Canadian Dollar has depreciated nearly 13% against the Euro since last year’s survey.

Four of the world’s top 10 costliest cities for expatriates are in Asia. Seoul ranks in 3rd place (score 122.4), Tokyo in 4th (122.1) and Hong Kong in 5th (119.4) – all have been pushed down one place this year.

Rising property prices have also caused Indian cities to move up the ranking – for example, Mumbai has jumped from position 68 to 52 (score 84.9).

> compare this to the ranking "quality of living" also from Mercer with moscow at 171!

"Quality Of Living" http://tinyurl.com/38w47k

> vergleicht das mit dem Ranking der Lebensqualität ebenfalls von Mercer. Dort ist Mokau nur auf Platz 171!




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2 Comments:

Anonymous Anonymous said...

I find it hard to believe that the cost of living in Los Angeles is really higher than it is in San Francisco. Practically speaking, Los Angeles is a sprawling metropolis, whereas San Francisco is smaller -- its boundaries are much more easily defined (it is surrounded by water on three sides). I would much rather have the task of finding a decent and affordable place to live in LA (even greater LA) than in SF. Although some of the beach communities south and west of (downtown) LA are expensive (but strictly speaking they are not part of the city of Los Angeles).

5:02 AM  
Blogger jmf said...

hello,

thanks

this is indeed surprising.

missed it. i have only seen the bigger picture that the fall of the greenback eliminates most of the us cities.

12:48 AM  

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