According to Mercer’s 23rd Annual Cost of Living Survey, Mumbai is the most expensive city for expatriates in India.
Highlights of Mercer’s 23rd annual Cost of Living Survey:
Luanda, the capital of Angola, is the costliest city, driven by cost of goods and security, followed by Hong Kong and Tokyo at the second and third places, respectively.
- Mumbai has moved 25 notches up from being at 82 in 2016 while New Delhi is at 99 in 2017 from 130 in 2016, Chennai (135 this year from 158 in 2016), Bengaluru (to 166 from 180) and Kolkata (to 184 from 194).
- Rise ranking of Indian cities was not just on account of internal factors, but also because some global cities fell in ranking following currency volatility, especially cities in Egypt, Turkey and the United Kingdom.
- The world’s least expensive cities for expatriates, according to Mercer’s survey, are Tunis in Tunisia – Rank 209, Bishkek in Kyrgyzstan – Rank 208, and Skopje in Macedonia – Rank 206.
Top 5 Most Expensive Indian Cities for Expatriates:
Top 10 Most Expensive Cities in the World for Expatriates:
|9||New York City|
About Mercer’s Annual Cost of Living Survey:
The survey includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment.
- New York is used as the base city and all cities are compared against it and currency movements are measured against the US dollar.
- The survey is designed to help multinational companies and governments determine compensation allowances for their expatriate employees.