Cost of living in major US cities has increased says Mercer
It’s becoming more expensive to live in some of America’s largest cities, especially for those moving from other countries.
Mercer’s Cost of Living Survey is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. Cities are ranked against New York City and costs are ranked against the US dollar.
New York has climbed two spots this year to number 9 and remains the costliest US city.
Also in the rankings are: San Francisco (22), Los Angeles (24) , Chicago (32), Washington (39), Miami (41), Boston (51), Dallas (62), White Plains (64), Houston (74), Seattle (76), Morristown (81), Atlanta (83), Minneapolis (86), Detroit (95) Cleveland and St Louis (=100), Pittsburgh (107), Portland (115) and Winston Salem (140).
Nathalie Constantin-Métral, Principal at Mercer with responsibility for compiling the survey ranking, said, “Overall, US cities either remained stable in the ranking or have slightly increased due to the movement of the US dollar against the majority of currencies worldwide.”
The most expensive city for firms to relocate employees is Luanda in Angola followed by Hong Kong, Tokyo, Zurich and Singapore.
Mercer’s Cost of Living Survey is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. Cities are ranked against New York City and costs are ranked against the US dollar.
New York has climbed two spots this year to number 9 and remains the costliest US city.
Also in the rankings are: San Francisco (22), Los Angeles (24) , Chicago (32), Washington (39), Miami (41), Boston (51), Dallas (62), White Plains (64), Houston (74), Seattle (76), Morristown (81), Atlanta (83), Minneapolis (86), Detroit (95) Cleveland and St Louis (=100), Pittsburgh (107), Portland (115) and Winston Salem (140).
Nathalie Constantin-Métral, Principal at Mercer with responsibility for compiling the survey ranking, said, “Overall, US cities either remained stable in the ranking or have slightly increased due to the movement of the US dollar against the majority of currencies worldwide.”
The most expensive city for firms to relocate employees is Luanda in Angola followed by Hong Kong, Tokyo, Zurich and Singapore.
