Mercer is a global leader in talent and employment consulting. They compile one of the most comprehensive cost of living analyses including 200+ cities in order to aid companies and talent in assessing and equalizing salaries when relocating from one city or nation to another. They factor in the strength of the local currency and the fluctuations in local consumer prices as compared to movement in the same data criteria for New York City as its baseline.
Based on this data, Mercer’s most recent report ranked the world’s most expensive cities, as follows:
On this list, size matters and Shanghai is the most populous city, in China, on this list, and in the world ! With a population of 24 million it is positioned as a global financial centre and shipping hub between the West and China, boasting the busiest shipping container port in the world. As the lead “showpiece” of the booming Chinese economy, Shanghai is a popular business and tourist destination and the cost of living reflects its international popularity. In Shanghai a dozen eggs will cost you about about $3.04 in U.S. Dollars (USD).