Mercers annual ranking of the quality of living for expatriate employees in prevalent assignment locations around the world. March 20 exchange rates and mercers international basket of goods and services have been used as base measurements. The top 10 and bottom 10 cities may be reproduced in a table. Overall, european cities dominate the top of the ranking along with major cities in australia and new zealand. The figures for mercers cost of living and rental accommodation cost comparisons are derived from a survey conducted in march 2018. The report addresses key elements of a relocation program and provides benchmark data to set fair and competitive policies. Mercer australia health, wealth and workforce solutions. Mercers 25th annual cost of living survey finds cities in.
Moreover, comparative qualityofliving indexes between a base city and host city are available, as are multiplecity comparisons. List of most expensive cities for expatriate employees wikipedia. Dr jess murphy is an inclusion and diversity thought leader and creator of the transformational sponsorship experience pathway to your potential p2ypexperience. Jun 26, 2018 the figures for mercers cost of living and rental accommodation cost comparisons are derived from a survey conducted in march 2018. Mercer mens basketball team won the national 2014 espy best upset award for their stunning defeat of the no. Mercer all uk cities drop in cost of living survey. Hardship allowance refers to premium compensation paid to expatriates who experience or should expect to experience a significant. Jul 28, 20 mercer s 20 cost of living survey examined data from 214 cities worldwide, comparing a market basket of over 200 goods and services, including unfurnished luxury twobedroom apartments or three. An overview of each alternative is presented below. Indepth detail is provided on the issues involved in transfers from low cost to high cost locations. Mercer is the leading provider of data on quality of living for employees sent to work abroad. Jun 26, 2018 the list of rankings is provided to journalists for reference and should not be published in full. These are lists of the worlds most expensive cities for expatriate employees not residents, according to the mercer, eca international and costof living.
Feel free to improve the article, but the article must not be blanked, and this notice must. Location evaluation reports assess 140 locations worldwide on 14 factors that make up daily life for expatriates and their families. Mercer s 2019 cost of living survey finds that eight out of the top ten of the worlds most expensive cities for expatriates are asian cities, resulting from high costs for expatriate consumer goods and a dynamic housing market. Worldwide cost of living february 2012 the economist. Mercer has concluded that there are three potential implementation alternatives for dhcs consideration for the adoption of an aac ingredient cost reimbursement methodology. For a more indepth discussion on each, please refer to chapter 4 of this report. Ongoing research on the practicalities of daily life for these expatriate employees and their families forms the basis of our annual ranking of the quality of living in many prevalent assignment locations. According to mercers 2015 cost of living survey, asian and european cities particularly hong kong 2, zurich 3, singapore 4, and geneva 5 top the list of most expensive cities for expatriates. Mercers 20 cost of living survey city rankings global overview. As part of the ongoing research, mercer produces these annual rankings of the cost of living in more than 200 of the most prevalent assignment destinations for. This year, mercer provides a separate ranking on personal safety.
Mercer 2015 quality of living city rankings youtube. Vienna austria has been ranked first for ten consecutive years. Mercer 2017 cost of living rankings mercer s authoritative cost of living survey, one of the worlds most comprehensive, is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. Mercers 20 cost of living survey examined data from 214 cities worldwide, comparing a market basket of over 200 goods and services, including. Western europe dominates the ranking, with luxembourg named as the safest city in the world.
Exchange rates from that time and mercers international basket of goods and services from its cost of living survey have been used as base measurements. Moreover, comparative quality of living indexes between a base city and host city are available, as are multiplecity comparisons. Did you know cost of living comparison between singapore. June 21, 2017 united states, new york mercer s annual cost of living survey finds african, asian, and european cities dominate the list of most expensive locations for working abroad. Mercers cost of living reports provide key elements to run cost of living comparisons, calculate costofliving allowances, and supporting information required to. Dubai and abu dhabi have been ranked the most expensive cities to live in across the middle east, according to mercers 2016 cost of living survey. Jun 21, 2017 mercers 2017 cost of living survey finds asian and european cities particularly hong kong 2, tokyo 3, zurich 4, and singapore 5 top the list of most expensive cities for expatriates.
Our quality of living reports are released annually, in early november. Mercers cost of living reports provide key elements to run cost of living comparisons, calculate costofliving allowances, and supporting information required to ensure full acceptance. Mar 03, 2015 mercer s 2015 quality of living rankings cover 230 prevalent destinations for globally mobile talent and are based on mercer s quality of living survey. Mercers cost of living rankings are released annually and measure the comparative cost of living for expatriates in 214 major cities. Mercers 24th annual worldwide cost of living survey. Mar 14, 2017 mercer produces worldwide quality of living rankings annually from its worldwide quality of living surveys. Overall, us cities either remained stable in the ranking or have slightly decreased due to the movement of the us dollar against the majority of currencies worldwide, explained ms. Jun 22, 2016 mercer middle east 2016 cost of living study shows dubai and abu dhabi as 21 st and 25 th most expensive cities on the globe. The mercer quality of living survey ranks 231 cities from vienna to baghdad on quality of life. Because many complex and dynamic factors are involved in calculating an assignment pay package, these rankings should not be used as the basis for determining compensation. Mercers quality of living reports provide valuable information and hardship.
Our cost of living survey analyzes costs of over 200 goods and services in over 360 cities worldwide. The economist intelligence units worldwide cost of living survey is a full service that enables human resources line managers and expatriate executives to compare the cost of living in 140 cities in 93 countries and calculate fair compensation policies for relocating employees. Jun 25, 2018 find out which cities rank highest and lowest in cost of living for expatriates in 2018. Cost of living data for international assignments mercer. The city comes in second on mercer s quality of living rankings. For more information on the full service and how your business. Mercer s quality of living methodology was developed by an international team of mercer professionals, working closely with major multinational companies and other experts in the field. Domestic relocation data and policy benchmarking mercer. The costliest city for the third consecutive year is luanda 1, the capital of angola.
Zurich, auckland, and munich are in second, third, and fourth places respectively. In just three years the number of firstyear students entering the university has jumped almost 30. The figures for mercers cost of living and rental accommodation costs comparisons are derived from a survey conducted in march 2015. Find out which cities rank highest and lowest in cost of living for expatriates in 2018. Jun 21, 2016 our cost of living survey analyzes costs of over 200 goods and services in over 360 cities worldwide. Cost of living city ranking see how more than 200 cities compare for the cost of living as an international assignee, plus highlights from our research. Mercers annual cost of living survey finds african, asian, and. Tokyo 2, singapore 3 and seoul 4 top the list, while the costliest city in the world for the second. View ranking news and articles our knowledge center features timely articles on mobility issues and trends, interviews with experts in the field, and news about conditions around the world. Mercer cost of living survey worldwide rankings 2014 the mercer international basket, including rental accommodation costs rank as of march city country 2014 20 1 1 luanda angola 2 4 ndjamena chad 3 6 hong kong hong kong 4 5 singapore singapore 5 8 zurich switzerland 6 7 geneva switzerland 7 3 tokyo japan 8 9 bern switzerland.
This ranking indicates differences in quality of living factors affecting. Mercer produces individual cost of living and rental accommodation cost reports for each city. The results of our 2018 north america domestic relocation policy survey are now available. Comparative qualityofliving indexes between a base city and a host city are available, as are multiplecity comparisons. Vienna has the worlds best quality of living, according to the mercer 2015 quality of living rankings. Mercer also helps municipalities to assess factors that can improve their quality of living rankings. Mercers 2017 cost of living survey finds asian and european cities particularly hong kong 2, tokyo 3, zurich 4, and singapore 5 top the list of most expensive cities for expatriates. Mercer produces worldwide quality of living rankings annually from its worldwide quality of living surveys. The costliest city, driven by cost of goods and security, is luanda 1, the capital of angola. Mercer middle east 2016 cost of living study shows dubai and abu dhabi as 21 st and 25 th most expensive cities on the globe.
The 2014 mercer cost of living survey shows sydney has dropped from a ranking of 9 in 20 to 26 in 2014. Mercer is a global consulting leader in talent, health, retirement and investments. Mercers 2015 quality of living rankings cover 230 prevalent destinations for globally mobile talent and are based on mercers quality of living survey. Quality of living survey by mercer vienna retains the top spot as the city with the worlds best quality of living, according to the mercer 2010 quality of living survey. Mercer 2017 cost of living rankings mercers authoritative cost of living survey, one of the worlds most comprehensive, is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. Mercer produces individual cost of living and rental accommodation cost reports for. Mercers quality of living index list covers 221 cities, ranked against new york as. The answer, according to mercers annual cost of living survey, might not be what you would expect. Jul 24, 20 the figures for mercers cost of living and rental accommodation costs comparisons are derived from a survey conducted in march 20.
Distinct costofliving col indices for different types of expatriate shoppers online calculators that allow you to use data for your specific needs reasonable, realistic indices full list of stores and sources where prices are collected immediate estimation of the costofliving allowance cola using our costofliving. In light of that fact, mercer just released its annual cost of living report ranking 207 international cities based on the local cost of more than 200 expense categories, from housing and. New york, the base city for mercer s cost of living ranking, is the most expensive city in the united states. Mercers more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries. For its2012 quality of living survey, global consulting firm mercer analyzed local living conditions in 460 cities based on 39.
Mercer is the leading provider of data on cost of living and housing for employees sent to work abroad. New york dropped four places to rank, the highestranked city in. Mar 04, 2015 vienna has the worlds best quality of living, according to the mercer 2015 quality of living rankings. Mercer university is one of americas best colleges, with programs from undergraduate liberal arts to graduate, doctorallevel degrees in georgia and online. Jun 17, 2015 the list of rankings is provided to journalists for reference and should not be published in full. The list of rankings is provided to journalists for reference and should not be published in full. Mar 20, 2018 mercer also helps municipalities to assess factors that can improve their quality of living rankings. February 23, 2016 united arab emirates, dubai dubai ranks 75 th globally in overall quality of living.
A citys quality of living can be an important variable for employers to consider. According to mercers 24th annual cost of living survey, factors like. Globally, vienna tops the ranking for the 10th year running, closely followed by zurich, the runnerup. Countries with cities commonly ranked in the top 50 include austria, switzerland, germany, new zealand, canada, denmark, finland, australia, sweden and the united states. In a rapidly changing world, mobility has become a core component of multinational organizations global talent strategy. Mercers 2017 cost of living surveyendsnotes for editors. Mercers 2018 cost of living ranking covers 209 prevalent destinations for. Cost of living index, restaurant prices index, transportation price index, grocery price index, local purchasing power index. The figures for mercers cost of living and rental accommodation costs comparisons are derived from a survey conducted in march 2016. Ranking 152, ottawa is the least expensive city in canada. Key features and benefits tangible values for qualitative perceptions to establish an objective assessment of the quality of living for transfers for 444 standard locations worldwide and more than 60 others available as custom requests. Mercers quality of living reports contain all the key elements you need to calculate hardship allowances based on a homehost combination for transfers to 489 cities worldwide. For nearly 3 decades, americas health rankings has provided an analysis of national health on a statebystate basis by evaluating a historical and comprehensive set of health, environmental and socioeconomic data to determine national health benchmarks and state rankings.
The city comes in second on mercers quality of living rankings. In a global environment, employers have many choices about where to deploy their mobile employees and set up new business. In december 2017 mercer and dr jess murphy embarked on a strategic alliance. Cost of living drops in australia, but locals dont reap the. Mercers quality of living methodology was developed by an international team of mercer professionals, working closely with major multinational companies and other experts in the field. Apr 05, 20 mercer s cost of living rankings are released annually and measure the comparative cost of living for expatriates in 214 major cities. Mercer helps clients around the world advance the health, wealth and careers of their most vital asset their people. Exchange rates from that time and mercers international basket of goods and services from its cost of living survey have been used as.
The top 10 and bottom 10 cities are provided below for publishing. Jun 22, 2016 the figures for mercers cost of living and rental accommodation costs comparisons are derived from a survey conducted in march 2016. Mercer produces worldwide qualityofliving rankings annually from its worldwide quality of living surveys. Based on 39 factors within ten categories, mercer s quality of living reports contain all the key elements you need to calculate hardship allowances for transfers to more than 500 cities worldwide. Individual reports are produced for each city surveyed. Zurich and geneva follow in second and third position, respectively, while vancouver and auckland remain joint fourth in the rankings. In just three years the number of firstyear students entering the university has jumped almost 30 percent, from 565 in 2011 to 728 in 20. Mercer s cost of living reports provide key elements to run cost of living comparisons, calculate cost of living allowances, and supporting information required to ensure full acceptance. Jun 17, 2015 according to mercers 2015 cost of living survey, asian and european cities particularly hong kong 2, zurich 3, singapore 4, and geneva 5 top the list of most expensive cities for expatriates.