The World’s Most Expensive Cities in 2019

by | Jun 27, 2019


The World’s Most Expensive Cities in 2019Looking to relocate from the U.S.? Better check the cost of living.

An expatriate is someone who lives outside their native country, often for better job opportunities, or a new lifestyle. But that can come at a high price.

According to an annual report by consulting firm Mercer, as reported in Bloomberg Business, Hong Kong is the world’s most expensive city for the second year in a row. And eight of the top ten cities named in the cost of living survey are in Asia.

Hong Kong’s red-hot housing market and fluctuations in its currency, which is pegged to the strong U.S dollar, kept that city as the top of the list. Tokyo came in second, followed by Singapore, Seoul, Zurich and Shanghai.

In the U.S, New York jumped four places to break into the top ten, while San Francisco and Los Angeles took sixteenth and eighteenth place respectively.

In Europe, London ranked twenty-third and Paris came in at forty-seventh.

The least expensive city for expatriates is Tunis in Tunisia. Cheap to live but hard to get a job there.

Image Source

Brian Banmiller

About Brian

CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.

Never miss an update.

Click “Like” below to get my latest updates directly in your Facebook feed.

Popular Reports, Articles & Videos

Latest CBS Radio Reports

Top Articles

Top Videos

Brian's diverse experience and unique perspectives combine with his pleasant and personal manner to engage audiences on many levels. From his days as an Air Force squadron commander to his long career as a business journalist, commentator and public speaker, Brian's approach to speaking and presentation is thought-provoking, inspirational and creative.

"The Technology Tornado: Media & Communications in the Modern Era"

See highlights from Brian's recent Ernst & Young "Continuing Education Conference" speech and hear directly from conference attendees.

Phoenix Convention Center
August 28th, 2019

Additional speech samples / videos are available upon request. Contact Brian to learn more.

CLOSE
CLOSE
Share This