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Jun 04

Cost of Living

Mercer has released the results of its 2004 global cost of living survey. Tokyo and London head the list as the world’s most costly cities to live in. New York City is 10th. Sydney places 20th, buoyed by a strong exchange rate. Top 50 list is here as a PDF. The survey “covers 144 cities and measures the comparative cost of over 200 items in each location. These include housing, food, clothing and household goods as well as transportation and entertainment”.

Cities in Australia and New Zealand have risen most in the rankings this year due to the significant appreciation of local currencies against the US dollar. Sydney is the most expensive city in the region, increasing from 67th place in 2003 to 20th position, with a score of 91.8. Other high-scoring cities in Australia include Melbourne in 67th position (77.5) and Brisbane in 87th place (72.7).

  7:31pm (GMT +10.00)  •  Culture  •   •  Tweet This  •  Comments (2)