Belfast ranked as one of the most affordable cities in the world

World's Top 10 Expensive Cities to Live in 2019 Expats Latest Report

World's Top 10 Expensive Cities to Live in 2019 Expats Latest Report

In fact, eight of the top 10 most expensive cities in this year's ranking are in Asia.

"Despite the relatively high cost of living, many organizations still see a strong business rationale for moving talent into and within the region".

The strengthening of the U.S. dollar against the pound is the main reason for United Kingdom cities tumbling down the list, according to the report - which said despite concerns over Brexit it remains an attractive destination for organisations looking to relocate staff.

The research, compiled by Mercer, aims to help multinational companies and governments determine levels of compensation allowances for their expatriate employees.

"Price inflation remains low, keeping any increases in the cost of living to a minimum for expatriates and locals alike".

The survey includes over 500 cities throughout the world; this year's ranking includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment. New York City is used as the base city for all comparisons, and currency movements are measured against the U.S. dollar.

An exception was Glasgow, where increases in the cost of living saw the Scotland city climb three places in the ranking, from 148 past year to 145.

Mercer said Asian cities also topped the list with Hong Kong ranking as the most expensive city for expats for the second year in a row.

New York City is used as the base city for all comparisons, and currency movements are measured against the United States dollar.

The other seven Asian cities in the top 10 list are Tokyo which took second place, Singapore third, Seoul fourth place, Shanghai at number six, Beijing at number eight and Shenzhen taking the tenth place. Rome was at 55, while Brussels was at 77, with Melbourne at 79 and Berlin at 81, followed by Madrid at 82.

Riyadh and Jeddah ranked 35th and 100th respectively as the most expensive cities for expatriates living in the Middle East, according to the 2019 Cost of Living survey from Mercer, a global consulting leader in advancing careers.

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