Top 20 Most Expensive Cities in 2024: Most Expensive Cities are Hong Kong, Singapore, Zurich, Geneva, Basel, Bern, New York City, London, Nassau, Los Angeles, Copenhagen, Honolulu, San Francisco, Bangui, Dubai, Tel Aviv, Miami, Djibouti, Boston & Chicago

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Top 20 Most Expensive Cities in 2024: Most Expensive Cities are Hong Kong, Singapore, Zurich, Geneva, Basel, Bern, New York City, London, Nassau, Los Angeles, Copenhagen, Honolulu, San Francisco, Bangui, Dubai, Tel Aviv, Miami, Djibouti, Boston & Chicago

23rd June 2024 | Hong Kong

Top 20 Most Expensive Cities in 2024: The top 20 most expensive cities are Hong Kong, Singapore, Zurich, Geneva, Basel, Bern, New York City, London, Nassau, Los Angeles, Copenhagen, Honolulu, San Francisco, Bangui, Dubai, Tel Aviv, Miami, Djibouti, Boston, Chicago.  See below for full ranking of 160 cities by Mercer Cost of Living City Ranking 2024.  

“ Top 20 Most Expensive Cities in 2024: Most Expensive Cities are Hong Kong, Singapore, Zurich, Geneva, Basel, Bern, New York City, London, Nassau, Los Angeles, Copenhagen, Honolulu, San Francisco, Bangui, Dubai, Tel Aviv, Miami, Djibouti, Boston & Chicago “

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Mercer Cost of Living City Ranking 2024 – Full Ranking of 160 Cities

Mercer Cost of Living City Ranking 2024 – Full Ranking of 160 Cities

Methodology

This year’s ranking methodology encompassed 226 cities across five continents. It assessed the comparative costs of over 200 items in each location — from housing and transportation to food, clothing, household goods and entertainment. To ensure consistency in city-ranking comparisons, New York City was utilized as the base city and currency movements were measured against the US dollar. The figures utilized in our cost comparisons stem from a survey conducted in March 2024, encompassing over 400 cities. Exchange rates from that time, coupled with data from Mercer’s international basket of goods and services (used in its Cost of Living Survey), were employed for calculations and baselines.  The comprehensive data Mercer collected — and the ranking this data generated — offer a vital tool for employers. These provide the essential information needed to design efficient and transparent compensation packages for international assignees.

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