London cheaper option for expats in global cost of living rankings

Credit card payment-2Living in London as an expat has become a more attractive choice on the basis of the cost of living in 375 global cities.

London has moved down from 12th to be 17th most expensive city to live and work as an expatriate in the annual rankings by HR and consulting company Mercer.  But it is still the most expensive city in Europe with the exception of those in Switzerland – Zurich, Geneva and Bern are higher up the cost league.

Other UK cities have also become comparatively cheaper.  Aberdeen has move down to 85 from 82 last year and Birmingham is 96th in 2016 compared to 80th in 2015.  Mercer say that the strength of the pound against the dollar in the past 12 months has been a factor as dollars are used as the base currency for calculations.

The most expensive city in the world for an expat is Hong Kong, according to Mercer research. Last year’s most expensive city, Luanda, drops to second place.  Five of the top ten are Asian cities, three of them in China.

Mercer Cost of Living Survey 2016 – 10 most expensive
City Country Continent
1 Hong Kong China Asia
2 Luanda Angola Africa
3 Zurich Switzerland Europe
4 Singapore Singapore Asia
5 Tokyo Japan Asia
6 Kinshasa Dem Republic of Congo Africa
7 Shanghai China Asia
8 Geneva Switzerland Europe
9 N’Djamena Chad Africa
10 Beijing China Asia

In Europe, apart from the Swiss cities and London, the only cities in the top 50 globally are  Copenhagen, Paris and Dublin.

Mercer Cost of Living Survey 2016 – Europe’s most expensive
City Country
Zurich Switzerland
Geneva Switzerland
Bern Switzerland
London UK
Copenhagen Denmark
Paris France
Milan Italy
Vienna Austria
Rome Italy
Oslo Norway

The survey looks at the cost of 200 items in each city including housing, transport, food, clothing, household goods and entertainment.  The cost of housing helped push Hong Kong to the top of the rankings, but London comes out as expensive for a number of everyday purchases.

Screen Shot 2016-06-22 at 16.36.22

Source data

See also

London expensive? Not compared to being an expat in Luanda

How London compares for the cost of public transport

London may win for iPhone earning power over Poland but cost of living much higher