ECA International has been conducting research into the cost of living for 50 years. It carries out two main surveys per year to help companies calculate the cost of living allowances so that their employees’ spending power is protected while on an international assignment.
The surveys compare a basket of like-for-like consumer goods and services commonly purchased by assignees in over 490 locations worldwide.
ECA’s accommodation data is also factored in, comparing rental costs in areas typically inhabited by expatriate staff in over 410 locations worldwide.
As per the list, here are the top 10 most expensive cities to live in in 2022.
1. Hong Kong
For the third consecutive year, Hong Kong has been named the most expensive city to live in. This was one of the findings of the latest cost of living research published by ECA International, the world’s leading provider of knowledge, information, and software for the management and assign… Read More