If you think it is expensive to live where you do, try living in Moscow…that city ranks #1 in the world as the most expensive place to live. Strange, right? Using New York as the base location with 100 points, Moscow scored 134.4 followed by London with 126.3. The first American city on the list is in fact New York followed by Los Angeles at #42 with 87.1 points. In fact, these are the only 2 U.S. cities on the list!
Mercer’s annual Cost of Living Survey covers 143 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.
Sure, the list is put together to help help multinational companies and governments determine compensation allowances for their expatriate employees, so it’s not a true cost of living index, especially for the citizens of said countries. But still…it’s a pretty interesting list. Here is the top 25 most expensive places to live as of March 2007:
You can see the entire list over at Mercer HR.