![]() ![]() The most successful locations are currently those combining flexible governance for mobile talent, a high quality of life and a reasonable cost of living. In general, countries and cities are continuously striving to attract international businesses as well as digital nomads and mobile employees. Conversely, risks and other negative issues, such as natural disasters, political and/or economic turmoil, high crime rates, poor infrastructure and inadequate international connectivity, can be major deterrents to companies and their employees. An equally important factor is the overall quality of life that a city offers. The data can also help employers determine and maintain compensation packages for employees on international assignments and when working full-time abroad.Ĭost is not the only factor that influences how attractive a location is to employees and corporations. The information that Mercer supplies highlights the importance of monitoring currency fluctuations and assessing inflationary and deflationary pressures on goods, services and accommodation in all operating locations. This is particularly important in markets where the labor supply is restricted. It provides the information that employers need to develop effective compensation strategies for their globally distributed workforces. This is particularly true for those that operate in tight labor markets.įor companies in this situation, Mercer’s cost of living data can help. Overall, this has meant that many employers are having to rethink how they manage a globally distributed workforce. This is forcing many organizations to reimagine their work setups. Notably, these follow quite closely behind Cairo, which dropped 63 spots since last year.Įxtensive use of remote working is causing many employees to reconsider their priorities, assess their work-life balances, and think about the places in which they have chosen to live. The least expensive cities in the region include Windhoek, Durban and Tunis. All US cities in the ranking have gone up since last year, with the largest changes being for Detroit (+27 positions), Houston and Cleveland (both +24 positions).Īfrican cities placed highest in the global cost of living ranking are Bangui (26), Djibouti (27) and Luanda (30). New York City (number six in the global ranking) continues to be the most expensive city in North America, followed by Los Angeles (11) and San Francisco (14). It is worth noting that several locations within the region rank significantly higher than last year, with a move up of 76 spots for San Jose and 70 spots for Mexico City. Within Central and South America, Nassau ranks as the most expensive location for international employees (number 10 globally), followed by San Juan (44) and Buenos Aires (45). Saudi cities such as Riyadh (85) and Jeddah (101) have also jumped up the global list, by 18 and 10 spots respectively. ![]() The next most expensive cities in this region are in the United Arab Emirates, namely Dubai (18) and Abu Dhabi (43), both of which have seen fairly significant increases in their rankings since last year. ![]() Tel Aviv remains the costliest city in the Middle East for international employees, ranked 8th on the global ranking. Other most expensive cities in the region include London, Vienna, Amsterdam, Prague (up 27 spots in the global ranking since last year) and Helsinki. The global top ten includes five European cities and four of those are in Switzerland, with the fifth being Copenhagen. The two least expensive locations in the world are also Asian cities - Karachi (226) and Islamabad (227). However, these cities top the ranking, with Hong Kong ranked first, followed by Singapore (2). This year, only two out of 10 of the most expensive cities for international assignees to live in are located in Asia, compared to four last year. ![]()
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