Human resources consulting firm, Mercer, has just published its 25th Annual Cost of Living Survey, ranking the most expensive cities in the world for expatriates.
According to the survey, the city of Tunis ranks last among the 209 cities covered by the firm.
Indeed, the Tunisian capital was rated as the cheapest city in the world for expatriates, ahead of Casablanca (128th), Rabat (160th), Cairo (166th) and Algiers (184th).
To have such a ranking, published Wednesday, June 26, Mercer compares the costs of more than 200 products and services of different cities for expatriates, such as transportation, clothing, housing, food, recreation, allowances and other factors such as currency fluctuations, inflation of goods and services, and the volatility of house prices, thus contributing to the total cost of expatriate remunerations.
At the top of the table, Hong Kong ranks first. This city is indeed considered the most expensive in the world. It is followed by Tokyo, Singapore, Seoul and Shanghai.
Mercer’s study reveals that eight of the ten most expensive cities in the world for expatriates are Asian.
Considered the most expensive US city for expatriates, New York is ranked 9th in the ranking under the effect of the appreciation of the US dollar against other major currencies.
Finally, there is a decline of 13 places in a year in the ranking of French cities that appear only from the 47th rank and it is Paris that is there.