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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

Hong Kong | Leading Financial Centre in Asia

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

City Rank Country Region
1 Hong Kong 1 Hong Kong APAC
2 Singapore 2 Singapore APAC
3 Zurich 3 Switzerland Europe
4 Geneva 4 Switzerland Europe
5 Basel 5 Switzerland Europe
6 Bern 6 Switzerland Europe
7 New York City 7 United States America
8 London 8 United Kingdom Europe
9 Nassau 9 Bahamas Carribean
10 Los Angeles 10 United States America
11 Copenhagen 11 Denmark Europe
12 Honolulu 12 United States America
13 San Francisco 13 United States America
14 Bangui 14 Central African Republic Africa
15 Dubai 15 United Arab Emirates Middle East
16 Tel Aviv 16 Israel Middle East
17 Miami 17 United States America
18 Djibouti 18 Djibouti Africa
19 Boston 19 United States America
20 Chicago 20 United States America
21 N’djamena 21 Chad Africa
22 Washington 22 United States America
23 Shanghai 23 China APAC
24 Vienna 24 Austria Europe
25 Beijing 25 China APAC
26 Conakry 26 Guinea Republic Africa
27 Atlanta 27 United States America
28 Seattle 28 United States America
29 Paris 29 France Europe
30 Amsterdam 30 Netherlands Europe
31 Berlin 31 Germany Europe
32 Seoul 32 South Korea APAC
33 Mexico City 33 Mexico America
34 Shenzhen 34 China APAC
35 Frankfurt 35 Germany Europe
36 San Jose 36 Costa Rica America
37 Brussels 37 Belgium Europe
38 Munich 38 Germany Europe
39 Dakar 39 Senegal Africa
40 Helsinki 40 Finland Europe
41 Dublin 41 Ireland Europe
42 Montevideo 42 Uruguay Europe
43 Abu Dhabi 43 United Arab Emirates Middle East
44 The Hague 44 Netherlands Europe
45 Libreville 45 Gabon Africa
46 Philadelphia 46 United States America
47 Luxembourg 47 Luxembourg Europe
48 San Juan 48 Puerto Rico Carribean
49 Tokyo 49 Japan APAC
50 Houston 50 United States America
51 Dusseldorf 51 Germany Europe
52 Oslo 52 Norway Europe
53 Edinburgh 53 United Kingdom Europe
54 Hamburg 54 Germany Europe
55 Dallas 55 United States America
56 Prague 56 Czech Republic Europe
57 Milan 57 Italy Europe
58 Sydney 58 Australia APAC
59 Minneapolis 59 United States America
60 Noumea 60 New Caledonia APAC
61 Riga 61 Latvia Europe
62 Pittsburgh 62 United States America
63 Douala 63 Cameroon Africa
64 Victoria 64 Seychelles Africa
65 Portland 65 United States America
66 Barcelona 66 Spain Europe
67 Rome 67 Italy Europe
68 Glasgow 68 United Kingdom Europe
69 Taipei 69 Taiwan APAC
70 Stuttgart 70 Germany Europe
71 Guangzhou 71 China APAC
72 St. Louis 72 United States America
73 Melbourne 73 Australia APAC
74 Brazzaville 74 Congo Africa
75 Lyon 75 France Europe
76 Madrid 76 Spain Europe
77 Buenos Aires 77 Argentina America
78 Birmingham 78 United Kingdom Europe
79 Kinshasa 79 Congo Africa
80 Abidjan 80 Côte D’ivoire Africa
81 Detroit, Mi 81 United States America
82 Aberdeen 82 United Kingdom Europe
83 Bratislava 83 Slovakia Europe
84 Cleveland 84 United States America
85 Nuremberg 85 Germany Europe
86 Leipzig 86 Germany Europe
87 Belfast 87 United Kingdom Europe
88 Busan 88 South Korea APAC
89 Brisbane 89 Australia APAC
90 Riyadh 90 Saudi Arabia Middle East
91 Yaounde 91 Cameroon Africa
92 Toronto 92 Canada America
93 Qingdao 93 China APAC
94 Pointe-a-pitre 94 Guadeloupe (France) Carribean
95 Toulouse 95 France Europe
96 Tallinn 96 Estonia Europe
97 Jeddah 97 Saudi Arabia Middle East
98 Accra 98 Ghana Africa
99 Kingston 99 Jamaica Africa
100 Lisbon 100 Portugal Europe
101 Vancouver 101 Canada America
102 Stockholm 102 Sweden Europe
103 Tirana 103 Albania Europe
104 Athens 104 Greece Europe
105 Nanjing 105 China Africa
106 Canberra 106 Australia APAC
107 Adelaide 107 Australia APAC
108 Amman 108 Jordan Middle East
109 Perth 109 Australia APAC
110 Manama 110 Bahrain Middle East
111 Auckland 111 New Zealand APAC
112 Shenyang 112 China APAC
113 Vilnius 113 Lithuania Europe
114 Port Of Spain 114 Trinidad & Tobago Africa
115 Monterrey 115 Mexico America
116 Harare 116 Zimbabwe Africa
117 Ljubljana 117 Slovenia Europe
118 Montreal 118 Canada America
119 Kuwait City 119 Kuwait Middle East
120 Bamako 120 Mali Africa
121 Doha 121 Qatar Middle East
122 Muscat 122 Oman Middle East
123 Phnom Penh 123 Cambodia APAC
124 Sao Paulo 124 Brazil America
125 Chengdu 125 China APAC
126 Ottawa 126 Canada America
127 Guatemala City 127 Guatemala America
128 Lome 128 Togo Africa
129 Bangkok 129 Thailand APAC
130 Istanbul 130 Turkey Europe
131 Manila 131 Philippines APAC
132 Taichung 132 Taiwan APAC
133 Suzhou 133 China APAC
134 Chongqing 134 China APAC
135 Warsaw 135 Poland Europe
136 Mumbai 136 India APAC
137 Zagreb 137 Croatia Europe
138 Addis Ababa 138 Ethiopia Africa
139 Xian 139 China APAC
140 Dhaka 140 Bangladesh APAC
141 Calgary 141 Canada America
142 Cotonou 142 Benin Africa
143 Budapest 143 Hungary Europe
144 Ouagadougou 144 Burkina Faso Africa
145 Wellington 145 New Zealand APAC
146 Osaka 146 Japan APAC
147 Wuhan 147 China APAC
148 Quito 148 Ecuador America
149 Kaohsiung 149 Taiwan APAC
150 Rio De Janeiro 150 Brazil America
151 Panama City 151 Panama America
152 Niamey 152 Niger Africa
153 Casablanca 153 Morocco Europe
154 Yokohama 154 Japan APAC
155 Bucharest 155 Romania Europe
156 Yerevan 156 Armenia APAC
157 Jakarta 157 Indonesia APAC
158 Luanda 158 Angola Africa
159 Belgrade 159 Serbia Europe
160 Santiago 160 Chile America

 

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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