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World’s Most Expensive Cities for Expats Announced

The world’s most expensive cities have been announced for expats who prefer or have to work in a country other than their homeland.

international consulting firm Mercerpublished annually, Cost of Living Research He shared the results of 2021. The research in question is about workers working in a country other than their homeland, in other words. The most expensive cities in the world for expats is listing.

The capital of Turkmenistan, which took the second place in the list last year Ashgabatongoing in the country food shortages and hyperinflation It has risen to the top of the list this year. Top of the list last year Hong Kong It has fallen to second place this year.

Ashgabat

Perhaps the most dramatic rise on the list(!), the capital of Lebanon Beiruttook place in Beirut, which was the 45th most expensive city for expats last year, ranks third on the list this year. According to Mercer, the main reason for this rise is the COVID-19 epidemic that marked 2020 and The terrible explosion in the Port of Beirut brought about by the economic depression.

The 11 percent appreciation of the euro against the dollar means that European cities are more expensive than cities in the USA.expensive‘ has caused it to stay. For this reason, while New York fell from the top 10 of the list, Paris rose from the 50th to the 33rd. Similarly, the appreciation of the Australian dollar against the US dollar, Sidney, Melbourne It has made cities such as ‘expensive’ to be included in the list.

The world’s most expensive cities for expats in 2021

  • Ashgabat (Turkmenistan)
  • Hong Kong (China)
  • Beirut (Lebanon)
  • Tokyo (Japan)
  • Zurich (Switzerland)
  • Shanghai (China)
  • Singapore
  • Geneva (Switzerland)
  • Beijing (China)
  • Bern (Switzerland)

Source :
https://edition.cnn.com/travel/article/worlds-most-expensive-cities-expats-2021/index.html