The Most Expensive Cities for Expats: Indian Cities That Made the List
Mumbai and New Delhi have moved up the ranks in Mercer's 2024 Cost of Living report, which highlights the world's most expensive cities for expatriates.
Expat LivingCost Of LivingMercers ReportIndian CitiesExpatriatesReal Estate MumbaiJun 17, 2024
High rental costs in these regional finance hubs have pushed Zurich, Geneva, Basel, and Bern down the rankings. Meanwhile, New York has fallen to seventh place, and London has risen nine spots to eighth. The report highlights that rising housing costs and volatile inflation trends are having a significant impact on expat workers' compensation packages.
Closer to home, Mumbai has moved up six spots to 136th rank, and New Delhi has moved up two spots to 164th rank. Other Indian cities that feature in the ranking include Chennai at 189, Bengaluru at 195, Hyderabad at 202, Pune at 205, and Kolkata at 207. This is a significant shift for Indian cities, which are becoming increasingly popular destinations for expats.
The Mercer report takes into account a wide range of factors when determining the cost of living, including housing, food, transportation, and recreation. The report provides valuable insights for companies and individuals who are relocating employees to new cities.
Information Mercer is a global consulting firm that specializes in talent, health, and investments. The company's annual Cost of Living report is widely regarded as the most comprehensive and authoritative source of information on the cost of living around the world.
Mercer is a global leader in the field of human resources consulting. The company's expertise in talent, health, and investments helps organizations to optimize their human capital and achieve their business goals.
Frequently Asked Questions
What is the Mercer's Cost of Living report?
The Mercer's Cost of Living report is an annual report that provides a ranking of the world's most expensive cities for expatriates.
Which cities topped the list in the 2024 report?
Hong Kong and Singapore topped the list as the world's most expensive cities for expatriates in the 2024 report.
How did Indian cities perform in the 2024 report?
Mumbai moved up six spots to 136th rank, and New Delhi moved up two spots to 164th rank. Other Indian cities that feature in the ranking include Chennai, Bengaluru, Hyderabad, Pune, and Kolkata.
What factors are taken into account when determining the cost of living?
The Mercer report takes into account a wide range of factors, including housing, food, transportation, and recreation.
Why is the Mercer report important for companies and individuals?
The Mercer report provides valuable insights for companies and individuals who are relocating employees to new cities, helping them to optimize their compensation packages and achieve their business goals.
Related News Articles
Shapoorji Pallonji Group Offloads Stake in Hyderabad Project for Rs 2
Shapoorji Pallonji Group has sold its stake in TSI Business Parks
UltraTech Cement Strengthens its Grip on UAE-based RAKWCT with 25% Additional Stake
UltraTech Cement, India's leading cement manufacturer, has acquired an additional 25% stake in UAE-based RAKWCT, taking its total holding to 54.39%. This strategic move marks a significant milestone in the company's expansion plans.
Sunteck Realty Witnesses 30% Slump in Sales Bookings for Q1 FY25
The real estate developer reported a decline in sales bookings to Rs 502 crore, despite a 29.7% year-on-year growth, amidst strong housing demand.
Relaxation of Open Space Requirements for Glass Facade Commercial Buildings: A Step Backwards for Climate Action
The Maharashtra state government has relaxed the quantum of open space requirement for commercial buildings with glass facades, sparking concerns among activists and experts about the impact on climate change mitigation.
Godrej Properties Reports Significant Debt Reduction in Q3
Godrej Properties, a prominent name in the real estate sector, has successfully reduced its net debt by 49% to ₹3848 crore in the third quarter, thanks to improved cash flow and equity management.
Brigade Group to Invest Rs 1500 Crore in Kerala's Real Estate Market
Real estate giant, Brigade Group, has announced a significant investment of Rs 1500 crore in Kerala to expand its business footprint in the state. This move is expected to boost the local real estate market and create numerous job opportunities.