July 5, 2022
According to the annual Cost of Living Survey published by consulting firm Mercer, if you are an expat living in Hong Kong, Zurich, or Geneva, you are spending more money on your lifestyle than anybody else on the planet.
For the fourth time in five years, Hong Kong has been named the most expensive city in the world for expatriates. It is followed by four Swiss cities: Zurich, Geneva, Basel, and Bern.
Ankara, Turkey’s capital, topped a list of 227 cities as the most affordable for expats.
If you’re looking for a cheaper city to live in Europe, look east: Ankara is followed by Bishkek, Kyrgyzstan, Dushanbe, Tajikistan, and Islamabad and Karachi, Pakistan (224th and 223rd).
Copenhagen, Denmark’s capital, is the most expensive city for expats in the Nordics, ranking 11th globally, while Stockholm, Sweden’s capital, is the most affordable, dropping to 87th place in 2022.
Vancouver and Toronto in Canada, Stockholm in Sweden, Lisbon in Portugal, and Frankfurt in Germany are the lucky locations with the lowest cost of living but the highest quality of life.
Source: Euronews
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
