BrianH
At the Start
London is the third most expensive city in the world, behind Tokyo and Osaka in Japan, according to a report released today.
The least expensive city is Asuncion in Paraguay.
The cost of living survey from Mercer Human Resources Consulting is an annual survey which ranks 144 of the world's cities according to the comparative cost of over 200 items.
New York is used as the base city and scores 100 points. London remains the most expensive city in Europe with a score of 120.3. The most expensive city in the world is Tokyo which scores 134.7, three times more than Asuncion's score of 40.3.
"Steep accommodation and transport costs [in London] together with the appreciation of the pound against the US dollar have contributed to the city's high ranking," said Marie-Laurence Sepede, research manager at Mercer.
The top five most expensive cities are Tokyo, Osaka (with a score of 121.8), London, Moscow (119) and Seoul (115.4). Other British cities ranked include Glasgow in 40th position (87.5) and Birmingham, which occupies the 47th spot (85.8).
In the US, New York is in 13th position, Los Angeles is ranked 44 (86.7) and San Francisco is in 50th place (84.9).
Lima, Peru - ranked 118 with a score of 66.9 - is the most expensive city in South America. Sydney is the costliest city in Australia and the 20th (95.2) most expensive in the world.
Mercer's report is the world's largest survey into global cost of living, and takes into account housing, transport, food, clothing, household goods and entertainment.
The report is used by multinational companies and governments to determine salaries for their ex-pat employees.
The least expensive city is Asuncion in Paraguay.
The cost of living survey from Mercer Human Resources Consulting is an annual survey which ranks 144 of the world's cities according to the comparative cost of over 200 items.
New York is used as the base city and scores 100 points. London remains the most expensive city in Europe with a score of 120.3. The most expensive city in the world is Tokyo which scores 134.7, three times more than Asuncion's score of 40.3.
"Steep accommodation and transport costs [in London] together with the appreciation of the pound against the US dollar have contributed to the city's high ranking," said Marie-Laurence Sepede, research manager at Mercer.
The top five most expensive cities are Tokyo, Osaka (with a score of 121.8), London, Moscow (119) and Seoul (115.4). Other British cities ranked include Glasgow in 40th position (87.5) and Birmingham, which occupies the 47th spot (85.8).
In the US, New York is in 13th position, Los Angeles is ranked 44 (86.7) and San Francisco is in 50th place (84.9).
Lima, Peru - ranked 118 with a score of 66.9 - is the most expensive city in South America. Sydney is the costliest city in Australia and the 20th (95.2) most expensive in the world.
Mercer's report is the world's largest survey into global cost of living, and takes into account housing, transport, food, clothing, household goods and entertainment.
The report is used by multinational companies and governments to determine salaries for their ex-pat employees.