Hong Kong’s mounting cost of living has seen the city once again named as the most expensive city in the world for expatriates in Mercer’s annual survey.
The survey, which bases ratings on a measure of over 200 daily necessities, considers among other things rental costs, accommodation, food and entertainment.
No stranger to the top of the list, Hong Kong has reclaimed its position as number one in the rankings ahead of Tokyo in second place and Zurich in third.
The primary factor influencing Hong Kong’s ranking is housing, with rental costs much steeper than elsewhere, however day-to-day living also hits HongKongers hard, with a cup of coffee for example costing US$7.74 compared to US$3.92 in London.
Items on the cheaper side include fast food such as burgers, costing only US$4.83 compared to Tokyo’s US$6.30 and cinema trips, coming in at US$14.71 – US$8.77 cheaper than London.