Hong Kong retains its place atop the rankings for a third straight year as the world's most expensive city for expats
A salesman demonstrating a bed that folds into the wall of a small apartment for a new property development in Hong Kong.PARIS - Hong Kong retains its place atop the rankings for a third straight year as the world's most expensive city for expats, according to the latest Mercer annual report.
Sixth-placed New York -- up three places -- was the only US entrant to make it into a top ten featuring three Swiss cities -- Zurich , Bern and Geneva .Ashgabat is suffering from"an economic crisis which has brought about a dire currency shortage and therefore problems importing," Mercer France head of mobility Jean-Philippe Sarra told AFP, with currency rate fluctuations and inflation further contributory factors.
After New York, San Francisco was the next US entrant, maintaining its 16th place, while Los Angeles rose one spot to 17th. Sarra said the survey was based on the cost of living in February going into March, when"most countries had not yet been affected by the crisis."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fearful Hong Kongers rush to secure limited British passportsA recent survey by the Chinese University found those aged between 18 and 24 reported the strongest desire to emigrate.
Read more »
Fearful Hong Kongers rush to secure limited British passportsA recent survey by the Chinese University found those aged between 18 and 24 reported the strongest desire to emigrate.
Read more »
Airbnb settles legal challenge over host data with New York CityThe law would have allowed New York to know which listings violated it’s regulations that ban entire apartments from being rented for fewer than 30 days without a tenant present
Read more »
The shape of things to come: design in a post-lockdown worldExperts and designers predict how the industry will respond, and who will lead the way
Read more »
After the 2010 Fifa World Cup high, where did SA go wrong?In a nutshell – or in a name: Jacob Zuma. He took the unity bequeathed to the nation by Nelson Mandela and shattered it.
Read more »