When you read about the most expensive cities in which to live, I’ll bet you think New York City. It is not even in the top 10.
Mercer, a global firm specializing in cost and compensation, each year studies and surveys 211 cities across the world, comparing the comparative cost of more than 200 items, including but not limited to clothing, entertainment, food, housing, household goods, and transportation. New York is used as the base city for the cost study, with all others compared to it, expressed in U.S. dollars.
Inflation and currency movements can significantly change the relative cost and volatility of these expenses. Not one U.S. city made the top-10 list. New York City ranks 16th most expensive overall. The next included U.S. city on the list was Los Angeles, ranked 62nd overall.
So where are the most expensive places to live?
And the 10 cheapest places to live in the 211 cities tracked by Mercer?
To read the Mercer press release and to see the entire list of the 211 cities click http://www.mercer.com/newsroom/cost-of-living-survey.html.