Russia » Economics

Moscow is the most expensive city in Europe

An international company "Mercer Human Resource Consulting LLC" conducts annual ratings of living expenses in the largest cities of the world. Two hundred of the most popular goods and services are compared in price around the globe, between them: accommodation rent, food, clothes, transport and entertainment. All of this is necessary to calculate expatriates' salaries and visit costs.

Moscow became second only to Tokyo in this year's rating, meaning it is the most expensive city in Europe. The second place in Europe belongs to Geneva, London is the third.  Life in Moscow is 14% more expensive than in New York, which is the 10th in the world. Osaka is the second most expensive on Earth, then comes Hong Kong, Zurich, Saint-Petersburg, Oslo.

The cheapest life in the world awaits one in Ascension, the capital of Paraguay. It is three times cheaper in comparison with Moscow.

The least expensive regions are New Zealand and Australia. The one city of the region which is in the first hundred of the most expensive cities of the world is Sydney, and life there is one and half times cheaper than in Moscow.

There are no Canadian cities in the first hundred.

Comments
Russian opposition activists desperately urge the West to topple President Putin
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
The Royal Wedding and the Silly Season
Skripals fall under heavy British pressure
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Skripals fall under heavy British pressure
Russian spy Sergei Skripal recovers from chemical poisoning completely
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Beautiful and terrifying: Russia shows video of Bulava ICBM underwater salvo launch
London will beg Moscow for forgiveness