Considering joining the “Japa” movement and moving abroad? While there are exciting opportunities everywhere, be prepared for sticker shock in some cities. Here’s a look at the top 10 most expensive cities for expats in 2024, according to the Mercer Cost of Living City Ranking:
- Hong Kong & 2. Singapore: Asia takes the top two spots, with Hong Kong’s notorious housing market and Singapore’s overall high cost of living keeping them at the top.
- Geneva & 6. Zurich, Switzerland: Switzerland’s beautiful cities offer a high quality of life, but at a high price. Expect to pay a premium for everything from rent to groceries.
- Geneva’s neighbor, Basel, rounds out the strong Swiss presence on the list.
- New York City, USA: The Big Apple climbs to the top spot for North America, driven by soaring inflation rates.
- London, UK: Despite some post-Brexit adjustments, London remains a pricey destination for expats.
- Nassau, Bahamas: This Caribbean island paradise offers a luxurious lifestyle, but it comes at a cost.
- Los Angeles, USA: Another US city on the list, LA’s high housing costs and car-dependent culture make it expensive.
Considering the Cost Before You Go
This list is a helpful starting point for those planning a move abroad. Remember, “Japa” isn’t just about finding a new location; it’s about finding the right fit for your budget and lifestyle.
For a more comprehensive picture, research the specific costs of essentials like housing, transportation, and groceries in your target city. This will help you determine if your income can comfortably cover your expenses.
