Money & Power

How Much Does It Cost to Live In The World's Most Expensive City?

On the other end, how much does it cost to live in the world's cheapest city?
IMAGE Free-Photos/ PIXABAY; Sam Evangelista / PIXABAY
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Hong Kong is the most expensive city to live in as an expat, according to a March 2018 survey conducted by Mercer.

One key factor in the east Asian city’s top ranking is its housing costs, where one square foot is priced at an average of HKD 24,900 (around P169,822*).

It took the top spot after Luanda, Angola (the world’s most expensive city in 2017) dropped five spots due to the downward trend in its housing market.

On the other end of the spectrum is the Uzbek capital of Tashkent, the world’s least expensive city. The cost of living in this central Asian city is 79 percent cheaper than in Hong Kong.

Here’s a price comparison of basic commodities in Hong Kong and Tashkent, with Manila as a point of reference.

Source: Expatistan

* HKD 1 = PHP 6.82

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Paulina Paras
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