Toronto most expensive city in Canada

Moscow tops annual cost of living list for expatriates
By
|hrreporter.com|Last Updated: 08/06/2008

The rising Canadian dollar has pushed the cost of living up in all Canadian cities, with Toronto being the costliest for expatriates, according to Mercer's 2008

Cost of Living Survey

.

Toronto ranked 54 out of 143 cities this year, jumping 28 places from last year. Vancouver moved from 89 to 64, Calgary from 92 to 66 and Montréal from 98 to 72.

This is the opposite of last year’s trend that saw Canadian cities decline, and places them back where they have traditionally been rated. The main reason for this changes is that the Canadian dollar has appreciated nearly 15 per cent against the U.S. dollar in the past year.

Overall, Moscow is the world’s most expensive city for expatriates for the third consecutive year. Tokyo is in second position climbing two places since last year, whereas London drops one place to rank third. Oslo climbs six places to fourth place and is followed by Seoul in fifth. Asunción in Paraguay is the least expensive city in the ranking for the sixth year running.

Moscow is close to three times costlier than Asunción. Contrary to the trend observed last year, the gap between the world’s most and least expensive cities now seems to be widening.

“Current market conditions have led to the further weakening of the U.S. dollar which, coupled with the strengthening of the Euro and many other currencies, has caused significant changes in this year’s rankings," said Yvonne Traber, a principal and research manager at Mercer.

“Although the traditionally expensive cities of Western Europe and Asia still feature in the top 20, cities in Eastern Europe, Brazil and India are creeping up the list. Conversely, some locations such as Stockholm and New York now appear less costly by comparison."

Mercer's research confirms the global trend of price increases for certain foodstuffs and gasoline. This increase is partly balanced by decreasing prices for some commodities such as electronic and electrical goods due to cheaper imports from developing countries and advances in technology, she said.

Mercer’s survey measures the comparative cost of over 200 items in each city, including housing, transport, food, clothing, household goods and entertainment.

Mercer's Cost of Living Survey 2008

Rank 2008Rank 2007CityCountry
11MoscowRussia
24TokyoJapan
32LondonUK
410OsloNorway
53SeoulSouth Korea
65Hong KongChina
76CopenhagenDenmark
87GenevaSwitzerland
99ZurichSwitzerland
1011MilanItaly
118OsakaJapan
1213ParisFrance
1314SingaporeSingapore
1417Tel AvivIsrael
1521SydneyAustralia
1616DublinIreland
1618RomeItaly
1812St. PetersburgRussia
1919ViennaAustria
2020BeijingChina
2122HelsinkiFinland
2215New York CityU.S.
2338IstanbulTurkey
2426ShanghaiChina
2525AmsterdamNetherlands
2529AthensGreece
2562São PauloBrazil
2826MadridSpain
2949PragueCzech Rep.
3037LagosNigeria
3131BarcelonaSpain
3164Rio de JaneiroBrazil
3123StockholmSweden
3424DoualaCameroon
3567WarsawPoland
3664MelbourneAustralia
3739MunichGermany
3845BerlinGermany
3944BrusselsBelgium
4040FrankfurtGermany
4133DakarSenegal
4228KievUkraine
4343LuxembourgLuxembourg
4430AlmatyKazakhstan
4531BratislavaSlovakia
4645DüsseldorfGermany
4672RigaLatvia
4852MumbaiIndia
4959ZagrebCroatia
5057HamburgGermany
5135AbidjanIvory Coast
5234DubaiUAE
5384PerthAustralia
5482TorontoCanada
5542Los AngelesU.S.
5568New DelhiIndia
5750AlgiersAlgeria
5771LyonFrance
5773LisbonPortugal
5786BrisbaneAustralia
6153ShenzhenChina
6160BudapestHungary
6348TaipeiTaiwan
6489VancouverCanada
6545Abu DhabiUAE
6641BirminghamUK
6692CalgaryCanada
6874LimassolCyprus
6936GlasgowUK
7068GuangzhouChina
7178BucharestRomania
7298MontréalCanada
7396AdelaideAustralia
74118TehranIran
7551MiamiU.S.
7690TallinnEstonia
7764HonoluluU.S.
7854San FranciscoU.S.
7899AucklandNew Zealand
8063BeirutLebanon
8180CasablancaMorocco
8255JakartaIndonesia
8293LjubljanaSlovenia
8458ChicagoU.S.
8597VilniusLithuania
85109OttawaCanada
87112BogotáColombia
8877AmmanJordan
8970White Plains, NYU.S.
89129CaracasVenezuela
9156HanoiVietnam
92102SantiagoChile
93111WellingtonNew Zealand
9480Kuwait CityKuwait
95104LeipzigGermany
9676AccraGhana
97108SofiaBulgaria
9883Houston, TXU.S.
9979Boston, MAU.S.
10060Ho Chi Minh CityVietnam
10193CairoEgypt
101101LusakaZambia
103102NairobiKenya
10475San JuanPuerto Rico
10595BangkokThailand
106106Kuala LumpurMalaysia
10785Washington, DCU.S.
108104Mexico CityMexico
10987Atlanta, GAU.S.
110137ManilaPhilippines
11187Morristown, NJU.S.
11291ManamaBahrain
113100Seattle, WAU.S.
114114Bandar Seri BegawanBrunei
115117LimaPeru
115115Denver, COU.S.
117133Chennai (Madras)India
118134BangaloreIndia
119110RiyadhSaudi Arabia
120115St. Louis, MOU.S.
120121KingstonJamaica
122107Guatemala CityGuatemala
123130TianjinChina
124124Panama CityPanama
125127BlantyreMalawi
126113JeddahSaudi Arabia
127118Detroit, MIU.S.
128123Portland, ORU.S.
129118Cleveland, OHU.S.
130130ColomboSri Lanka
131122MonterreyMexico
132125Dacca (Dhaka)Bangladesh
133128Pittsburgh, PAU.S.
133135TunisTunisia
135126Winston-SalemU.S.
136140MontevideoUruguay
137132Santo DomingoDominican Rep.
138139Buenos AiresArgentina
139138San JoséCosta Rica
140136JohannesburgSouth Africa
141142KarachiPakistan
142141QuitoEcuador
143143AsunciónParaguay

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