Which Are The World’s Most Expensive Cities For Foreign Workers; Find Out Here
Ashgabat the capital city of Turkmenistan’s has become the world’s most expensive city for foreign workers in 2021’s Mercer Cost of Living Survey.
The annual report according to this year has ranked 209 cities across five continents by measuring the comparative cost of more than 200 items, including housing, transportation, food, clothing, household goods, and entertainment. The survey used New York City, ranked 14 on the list, as the base city and currency movements were measured against the US dollar, the HT has reported.
Ashgabat is the capital of Turkmenistan. It’s known for its white marble buildings and grandiose national monuments. To the northwest, the sprawling Ruhy Mosque has a vast gilt dome. The central Artogrul Gazi Mosque is modelled on Istanbul’s Blue Mosque. Examples of traditional weaving are displayed at Turkmen Carpet Museum. The Wedding Palace is a series of star-shaped tiers topped by a giant golden globe.
In this survey, the 10 most expensive cities, mostly feature global financial hubs like Hong Kong, which was the priciest last year, Tokyo, Shanghai, Zurich and Singapore.
Mercer has cited Turkmenistan’s ongoing financial crisis as the reason for Ashgabat’s high cost of living. Another outlier on the list is third-ranked Beirut which climbed 42 positions up the ranking due to a severe and extensive economic depression owing to several crises, including coronavirus disease (Covid-19) and the Port of Beirut explosion in 2020. Mumbai remains India’s most expensive city at 78th rank but has dropped 18 places in this year’s ranking “due to a relatively weak Indian rupee in comparison with other cities in the ranking.” Other Indian cities on the list are New Delhi (117), Chennai (158), Bengaluru (170), and Kolkata (181), the HT report states adding that no American city has featured in the top 10 list “mostly due to currency fluctuations between March 2020 and March 2021.”
Among European cities, Zurich (5) remains the most costly, followed by Geneva (8) and Bern (10). On the other hand, the world’s least expensive city for international employees, according to the survey, is Bishkek (209), followed by Lusaka (207) and Tbilisi (207).
Here’s the list of the top 25 priciest cities for foreign workers:
New York City