Thursday, July 1, 2010

Seoul 14th in cost of living for expats


If you would like to see the top 50 Most Expensive Cities 2010

1 LUANDA ANGOLA
2 TOKYO JAPAN
3 NDJAMENA CHAD
4 MOSCOW RUSSIA
5 GENEVA SWITZERLAND
6 OSAKA JAPAN
7 LIBREVILLE GABON
8 ZURICH SWITZERLAND
8 HONG KONG HONG KONG
10 COPENHAGEN DENMARK


According to Mercer, a global consulting firm, Seoul is the 14th most expensive city for expats to live in.

Mercer conducted a "Cost of Living Survey" in which they compared the costs of 200 items in 214 cities worldwide. Luanda in Angola was the most expensive city while Karachi in Pakistan was the cheapest.
 

Some items that were considered were housing, transportation, food clothing and household necessities.
 

They conducted the survey in March of 2010 using the exchange rate for February.
 

Last year Seoul ranked 51 on the list because the won's value against the dollar dropped. The fall in the rankings was mainly due to the weakening of the dollar and the strengthening of the Korean won.

3 Asian cities were in the top 10. Tokyo was the 2nd, Osaka was 6th and Hong Kong was 8th.


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When I was in Seoul I didn't think it was that expensive. My housing was provided so I didn't have to worry about that. I didn't do much shopping either. I thought the food was pretty cheap. Imported items are very expensive! Transportation is amazing and very cheap!









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