Dublin has been found to be the 2nd most expensive city in the Eurozone for expats to live, according to the latest Mercer’s 2017 Cost of Living Survey.
The survey finds that factors like instability of housing markets and inflation for goods and services contribute to the overall cost of doing business in today’s global environment.
Mercer’s 2017 Cost of Living Survey finds Asian and European cities – particularly Hong Kong (2), Tokyo (3), Zurich (4) and Singapore (5) – top the list of most expensive cities for expatriates.
The costliest city, driven by cost of goods and security, is Luanda (1), the capital of Angola. Other cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Seoul (6), Geneva (7), Shanghai (8), New York City (9), and Bern (10). The world’s least expensive cities for expatriates, according to Mercer’s survey, are Tunis (209), Bishkek (208) and Skopje (206).
Dublin is the 66th most expensive city in the world for expats in terms of cost of living. However, despite this, Dublin is once again the highest ranked city in the Eurozone, behind Paris.
Commenting on the survey, Principal at Mercer Ireland, Noel O’Connor said, "The survey identifies cost pressures on expatriate rental accommodation as a key factor in maintaining Dublin’s relatively high ranking when compared to other Eurozone cities."
He added, "Dublin remains a very attractive location for both expatriates and multinationals. When companies relocate employees, they need information on the cost of living differences between cities."
Source: www.businessworld.ie
