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Mahesh

11/06/23 10:15 AM IST

Mumbai most expensive city for expats in India

In News
  • A report by Mercer's Cost of Living has positioned Mumbai as the most expensive city in India for expatriates.
Major Highlights
  • In the 2023 survey, Mumbai was positioned at 147 in the global ranking, with New Delhi at 169, Chennai at 184, Bengaluru at 189, Hyderabad at 202, Kolkata at 211, and Pune at 213.
  • Mumbai and Delhi were noted as cost-efficient destinations for multinational corporations (MNCs) due to their lower cost of living and expat accommodation costs compared to major cities in the Asia Pacific region like Shanghai, Beijing, and Tokyo.
  • On a global scale, the most expensive cities for expats were Hong Kong, Singapore, and Zurich.
  • The survey assessed the cost of various items in each location, including housing, transportation, food, clothing, household goods, and entertainment.
  • This data helps employers design fair and effective compensation packages for international assignees in over 400 locations worldwide.
  • As per the report, the least expensive locations in the ranking include Havana, which dropped 83 spots, due in part to strong currency devaluations mid-last-year, and two cities in Pakistan -- Karachi and Islamabad.
Source- Live mint

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