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New York takes the crown in a recent survey ranking the most expensive cities for expatriates — or expats — to live in, along with the usual contenders: Hong Kong, Geneva, and London. Skyrocketing rent and rising inflation have propelled New York to the top ofMeanwhile, Singapore's aggressive leap from 13th place last year into the top 5"was due largely to major increases in accommodation costs," according to Lee Quane, ECA's Asia regional director.
The survey ranks 207 cities in 120 countries and territories around the world by analyzing the cost of living and rental costs in expat-favored areas that reflect an international lifestyle, per ECA. Read further for the 10 least affordable places to live if you're an expat in 2023, ranked from the most expensive to the least expensive.Sharp increases in the cost of living in the Big Apple have made it the most expensive city to live in for expats.
The median monthly rent in Manhattan hit a new high of over $4,200 for a one-bedroom apartment, for the second month in a row in April,In April, a report found that half of New York City's households can't afford to live there, where a household needs a minimum of $100,000 a year for housing, food, and transportation, per the
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