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Mercer has launched their annual Value of Residing Metropolis rating – and South Africa did nicely!
The rating considers a spread of prices comparable to housing and private care, and Mercer discovered that Cape City and Johannesburg are two of the world’s most reasonably priced cities for expats.
The Mom Metropolis and Joburg are extra reasonably priced than Washington, London, and Sydney
The 2021 Mercer Value of Residing Metropolis rating included 206 cities from around the globe.
Cape City ranked at quantity 178, whereas Johannesburg ranked within the 184th place. Johannesburg’s rating means it’s extra reasonably priced than the Mom Metropolis.
How do each cities evaluate to different main cities from around the globe?
Your cash will go additional in Cape City and Johannesburg than in different main cities like Washington (51), London (18), and Sydney (31).
The identical is true for European cities comparable to Munich in Germany (54), Amsterdam within the Netherlands (44), and Brussels in Belgium (53).
When cities on the African continent, the price of residing in each Cape City and Johannesburg is decrease than in Kigali, Rwanda (175), Kampala, Uganda (171), and Dar Es Salaam, Tanzania (167).
How does the Mercer Value of Residing Metropolis rating work?
The annual Mercer Value of Residing Metropolis rating is predicated on Mercer’s Value of Residing survey, one of the vital acknowledged and complete surveys of its variety. The survey is designed to assist multinational corporations and governments decide compensation methods for his or her expatriate workers.
New York Metropolis is used as the bottom metropolis for all comparisons, and forex actions are measured in opposition to the US greenback.
The survey consists of over 400 cities all through the world. In 2021, the rating consists of 209 cities throughout 5 continents and measures the comparative price of greater than 200 gadgets in every location, together with:
- Housing
- Transportation
- Utilities
- Meals
- Home provides
- Dwelling companies
- Private care
- Clothes and footwear
- Recreation and leisure
- Alcohol and tobacco
Key insights from the 2021 Value of Residing Metropolis rating
The costliest metropolis on the planet for expats is Ashgabat in Turkmenistan, adopted by Hong Kong and Beirut.
The Lebanese capital climbed 42 positions within the rating because of the political turmoil of the previous few years. The COVID-19 pandemic and the Port of Beirut explosion have additionally amplified the financial results, inflicting record-high inflation.
Tokyo and Zurich every dropped one spot from 2020 to 2021. Tokyo ranks at quantity 4 in 2021, and Zurich ranks within the fifth place.
Different cities within the high 10 of Mercer’s Value of Residing metropolis rating are Shangai (6), Singapore (7), Geneva (8), Beijing (9), and Bern (10). The world’s least costly cities for worldwide workers in accordance with Mercer’s survey are Tbilisi (207), Lusaka (208), and Bishkek (209)
Need to know extra concerning the Value of Residing Metropolis rating?
If you wish to discover out extra about Mercer’s Value of Residing Metropolis rating, click on right here to get the main points from their web site. You can even obtain the entire rating from the positioning.
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