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10 Most Expensive Cities for Expats in 2024; Singapore Makes the List

24 June 2024 17:38 WIB

TEMPO.CO, JakartaExpatriates, individuals living and working outside their home country, face varying challenges depending on location. One of the biggest is the cost of living. 

Mercer's recent Cost of Living Report sheds light on the costliest cities for expats in 2024. The ranking takes into account factors, such as housing costs, inflation, and other essential expenses. According to the report, rising housing costs and global inflation trends are driving up living expenses worldwide.

Read on to discover the top 10 most expensive cities for expats in 2024.

1. Hong Kong

This Asian metropolis has held the top spot for expats for five years straight. A housing shortage makes finding affordable accommodation a constant challenge. However, Hong Kong's dynamic economy and strategic location continue to attract international workers.

2. Singapore

Following closely behind is Singapore, another Asian powerhouse. Expats flock to this island nation for its political stability, business-friendly environment, and prime location. However, limited land keeps housing costs on the rise.

3. Zurich

The third spot is occupied by Zurich, the world's banking hub. This city boasts a strong economy, which translates into a high standard of living and, unfortunately, high expenses.

4. Geneva

Another Swiss city joins the list. Geneva shares Zurich's high rental costs, especially in the city center. Combined with expensive goods and services, the country presents a hefty price tag for expatriates.

5. Basel

Completing the Swiss trio is Basel, a center for industry and chemistry. This city attracts international workers with its strong economy, but expats should be prepared for high costs across the board. Basel offers excellent infrastructure and a top-notch healthcare system, which contributes to its expensive standard of living.

6. Bern

The diplomatic heart of Switzerland, Bern, makes the cut. This well-connected city boasts excellent public services and infrastructure that drive up the cost of living. Similar to other Swiss cities, Bern presents a challenge for expats seeking affordable housing.

7. New York

The influential American metropolis of New York attracts international workers with its global reach, but living there comes at a steep price.  Expats can expect high rents, transportation costs, and overall living expenses.

8. London

The city of London makes a significant leap from 17th to 8th place. As a global center for finance and power, London offers a unique career experience, but expats must be prepared for hefty housing costs.

9. Nassau

This surprising entry is a popular tourist destination and international business center, Nassau. The capital of the Bahamas' limited space and high demand contribute to expensive housing, goods, and services for expatriates.

10. Los Angeles

Rounding out the list of the most expansive cities for expats in 2024 is Los Angeles. This global hub for entertainment, technology, and finance attracts international workers, but expats need to be prepared for expensive transportation, goods, and services.

AULIA ULVA

https://dunia.tempo.co/read/1883522/10-kota-termahal-di-dunia-untuk-ekspatriat-singapura-termasuk

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