Living abroad can be a dream for many, especially for those seeking a lower cost of living or a thrilling new adventure. However, for others, career opportunities and professional advancements take them to some of the most expensive cities in the world.

Which city holds the title of the costliest place for international workers?

The financial services company Mercer has conducted thorough research to inform multinational employers on how best to compensate their workers who move abroad. Let’s delve into the findings of their study.

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Top 10 Most Expensive Cities for Expats in 2024

1. Hong Kong

For the fifth consecutive year, Hong Kong ranks as the most expensive city for expats. Its high housing prices and overall living costs make it a pricey destination.

2. Singapore

Singapore takes the second spot. The city-state is known for its robust economy, high standard of living, and steep housing costs.

3. Zurich, Switzerland

Zurich leads the pack among Swiss cities. It is known for its quality of life but also its high expenses, particularly in housing and services.

4. Geneva, Switzerland

Geneva, another Swiss city, ranks fourth. It’s a global hub for diplomacy and finance, contributing to its high cost of living.

5. Basel, Switzerland

Basel is the third Swiss city on the list, known for its vibrant cultural scene and expensive living costs.

6. Bern, Switzerland

Bern, the capital of Switzerland, is also on the list. High housing prices and general expenses significantly influence the cost of living here.

7. New York, USA

New York City, famous for its towering skyscrapers and bustling lifestyle, remains a costly place for expats, especially for rent and entertainment.

8. London, UK

London has seen a significant rise in ranking, jumping nine places this year. Its diverse culture and financial significance come with high living costs.

9. Nassau, Bahamas

Nassau, the capital of the Bahamas, is known for its beautiful beaches and luxury lifestyle, contributing to its high cost of living.

10. Los Angeles, USA

Los Angeles rounds out the top ten. Its appeal lies in the entertainment industry, and sunny weather, but living costs are steep, particularly in housing.

For more information on the study, head to Mercer’s website.