Worldwide Cost of Living Rankings 2008

Kuala Lumpur gets a 106th ranking (Index about 75) - - The survey relates to costs for expatriates but in Asia for example, food costs in restaurants patronised by locals are usually inexpensive compared with prices in areas frequented by tourists. Ceiling fans compared with air conditioning can eliminate a tax of 5% in Malaysia! The cost of a 4-dish meal for two, excluding beverages, at the Good World Chinese restaurant in Dublin, would cost about €75 (US$112) - in Malaysia, the cost for an equivalent meal including steamed fresh fish, would cost €12 (US$19).

Asia
Tokyo is the costliest Asian city, in 2nd place (score 127), two places up since last year. Seoul follows in 5th place (score 117.7) and Hong Kong closely after in 6th with a score of 117.6. Singapore ranks 13th and holds a score of 109.1. Karachi continues to be the least costly city in this region, in 141st place with a score of 54.7.

Whilst the five top-scoring cities in Asia remain relatively stable in the ranking there have been significant changes further down the list. In India, Mumbai moves up four places to reach 48 (score 90.3), whereas New Delhi climbs 13 places to 55 (score 87.5) due to the strengthening of the India rupee against the US dollar. Although India has experienced relatively high inflation, this has increased at similar pace to New York and has therefore had a reduced impact on its cities’ rise in the rankings. Manila rises a total of 27 places, ranking 110th with a score of 73.4, mainly as a result of price increases for international-standard accommodation.

In contrast, certain cities in this region have experienced significant falls in the ranking. Some examples are Jakarta falling from 55th to 82nd place (score 80.5) and Bangkok dropping from 95th to 105th place with a score of 75.1. In Vietnam, Hanoi drops 35 places to rank 91 (score 79) and Ho Chi Minh City drops 40 places to rank 100th (score 76.3), mainly because the Vietnamese dong has remained stable against the US dollar and so has pushed these cities down on the list. The low level of inflation observed on goods in these Vietnamese cities compared to in New York has further widened the gap.

Top 50 cities: Cost of living (including rental accommodation costs)
Base City: New York, US (= 100)

Please note: The Cost of Living Indices below have been prepared specifically for the purpose of the press release. The indices are based on Mercer's cost of living database and are modified to include housing and to reflect constant weighting and basket items. The results may differ from those calculated for Mercer's clients who use the results solely for the purpose of expatriate compensation. We do not recommend that expatriates use the figures represented here to compare their own compensation packages.

Rank March 2008	Rank March 2007	City	Country	Cost of living Index March 2008	Cost of living Index March 2007
1	1	Moscow	Russia	142.4	134.4
2	4	Tokyo	Japan	127.0	122.1
3	2	London	UK	125.0	126.3
4	10	Oslo	Norway	118.3	105.8
5	3	Seoul	South Korea	117.7	122.4
6	5	Hong Kong	China	117.6	119.4
7	6	Copenhagen	Denmark	117.2	110.2
8	7	Geneva	Switzerland	115.8	109.8
9	9	Zurich	Switzerland	112.7	107.6
10	11	Milan	Italy	111.3	104.4
11	8	Osaka	Japan	110.0	108.4
12	13	Paris	France	109.4	101.4
13	14	Singapore	Singapore	109.1	100.4
14	17	Tel Aviv	Israel	105.0	97.7
15	21	Sydney	Australia	104.1	94.9
16	16	Dublin	Ireland	103.9	99.6
16	18	Rome	Italy	103.9	97.6
18	12	St. Petersburg	Russia	103.1	103.0
19	19	Vienna	Austria	102.3	96.9
20	20	Beijing	China	101.9	95.9
21	22	Helsinki	Finland	101.1	93.3
22	15	New York City	US	100.0	100.0
23	38	Istanbul	Turkey	99.4	87.7
24	26	Shanghai	China	98.3	92.1
25	25	Amsterdam	Netherlands	97.0	92.2
25	29	Athens	Greece	97.0	90.6
25	62	São Paulo	Brazil	97.0	82.8
28	26	Madrid	Spain	96.7	92.1
29	49	Prague	Czech Rep.	96.0	85.6
30	37	Lagos	Nigeria	95.9	88.0
31	31	Barcelona	Spain	95.2	89.2
31	64	Rio de Janeiro	Brazil	95.2	82.5
31	23	Stockholm	Sweden	95.2	93.1
34	24	Douala	Cameroon	95.1	92.9
35	67	Warsaw	Poland	95.0	82.4
36	64	Melbourne	Australia	94.2	82.5
37	39	Munich	Germany	93.1	87.6
38	45	Berlin	Germany	93.0	85.9
39	44	Brussels	Belgium	92.9	86.5
40	40	Frankfurt	Germany	92.5	87.4
41	33	Dakar	Senegal	92.2	89.0
42	28	Kiev	Ukraine	91.7	91.4
43	43	Luxembourg	Luxembourg	91.3	87.0
44	30	Almaty	Kazakhstan	90.7	89.6
45	31	Bratislava	Slovakia	90.6	89.2
46	45	Düsseldorf	Germany	90.4	85.9
46	72	Riga	Latvia	90.4	81.5
48	52	Mumbai	India	90.3	84.9
49	59	Zagreb	Croatia	90.0	83.5
50	57	Hamburg	Germany	89.9	84.2

Mercer's 2008 Cost of Living survey highlights

Worldwide Cost of Living survey 2008 – City ranking

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