• Switzerland's news in English
 
app_header_v3

Zurich world's fifth most costly city for expats

Caroline Bishop · 11 Jul 2014, 11:36

Published: 11 Jul 2014 11:36 GMT+02:00

As last year, the Mercer cost of living survey, published on Thursday, ranks three Swiss cities – Zurich, Geneva and Bern – among the top 10 most expensive cities in the world.

All three have jumped up the rankings since 2013, with Zurich now placing ahead of Geneva in fifth, up from eighth last year, and Geneva rising one place to sixth. Bern takes the number eight spot this year.

The survey, carried out by US consulting giant Mercer, is designed to help multinational companies and governments determine compensation allowances for their expatriate employees.

New York, which ranks 16th this year, is used as the base city, with all other cities compared against it. Currency movements are measured against the US dollar.

The survey covers 211 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.

As last year, Luanda in Angola takes the top spot, followed by N’Djamena, Chad, up two places to number two.

The African cities rank highly because of expensive imported goods and the cost of “finding living accommodations that meet the standards of expatriates,” said Ed Hannibal, Partner and Global Leader for Mercer’s Mobility practice.

Making up the top 10 are Hong Kong (3), Singapore (4), Tokyo (7), Moscow (9) and Shanghai (10).

Switzerland remains one of the most expensive locations for expatriates following the slight strengthening of the Swiss franc against the US dollar.

Other European cities that have jumped in the rankings include Paris (27), up 10 places from last year, Milan (30), up 11 spots and London (12) up 13 places.

Story continues below…

Swiss cities regularly figure highly in surveys measuring cost of living and wealth.

In March a study by the Economist Intelligence Unit found Zurich to be the fourth most expensive city in the world, while in January an Expatistan survey placed Lausanne in the top 10 along with Zurich and Geneva.

In June the Organization for Economic Cooperation and Development (OECD) ranked Zurich as having the highest disposable household income in Switzerland.

For more news from Switzerland, join us on Facebook and Twitter.

Caroline Bishop (news@thelocal.ch)

Your comments about this article

Today's headlines
WHO doubles safe sex advice for travellers to Zika regions
Zika is thought to cause birth defects in babies. File photo: Yuri Cortez/AFP

Advice comes two months before millions head to Brazil for the Olympics.

8 fantastic reasons to visit French-speaking Switzerland
The Grande Dixence dam. Photo: Grande Dixence SA/essencedesign.com

Fourteen percent of German-speaking Swiss have never visited the country’s French-speaking region. Here's why they should.

Report: Swiss economy more competitive than US
File photo: IMD

Switzerland has the most competitive economy in Europe and the second most competitive in the world.

Swiss woman survives horrific crash unscathed
Her car was a write-off. Photo: Schaffhausen cantonal police

A 48-year-old woman had a lucky escape on Monday afternoon in an accident that demolished her car.

Euro 2016
Swiss coach selects France-bound squad
Coach Vladimir Petkovic has been the Swiss coach since 2014. Photo: Fabrice Coffrini/AFP

Defender Philippe Senderos misses out.

Former head of Zurich Insurance dies aged 59
Martin Senn stepped down from Zurich Insurance last year. Photo: Zurich Insurance

Martin Senn took his own life on Friday, the company has announced.

Murderer escapes from Swiss psych hospital
The escaped killer. Photo: Aargau cantonal police

A man convicted of murdering a young girl in the canton of Ticino in 2009 has escaped from a psychiatric clinic and is still at large 48 hours later.

Weekend storms wreak havoc in Switzerland
File photo: Alexander Boden

Storms and heavy rain cause flooding, power outages and landslides.

Swiss Wawrinka advances to the French Open last-eight
It was Wawrinka's fifth win in five meetings with Troicki. Photo: AFP

Defending champion Stan Wawrinka moves into the French Open quarterfinals.

Vast Swiss rail tunnel finally sees light at end of long wait
Workers standing in one of the Gotthard base access tunnels. Photo: AFP

The Gotthard Base Tunnel opens on Wednesday.

Photo: Swiss Tourism
Features
10 unspoken rules for fitting in with the Swiss
Sponsored Article
Eat, learn, live: unforgettable holidays in France
Photo: Alp Transit Gotthard
National
Gotthard base tunnel: what you need to know
Photo: Caroline Bishop
Sport
Swiss cantons team up to vie for winter Olympic games
Sponsored Article
Why you should attend an international job fair
Photo: Broad Bean Media
National
Basel: Muslim schoolboys must shake hands or face fine
Photo: Emmanual Dunand/AFP
Sport
Brother of Belgian bomber wins gold in Switzerland
Photo: Gstaad Tourism
National
Snow puts end to hottest weekend of year so far
File photo: Abhishek Jacob
Lifestyle
Swiss court vetoes wedding of couple with 50-year age gap
Photo: Filippo Monteforte/AFP
Culture
Dog day afternoon: Swiss saint meets Pope in Rome
Photo: Fabrice Coffrini/AFP
Business & Money
Pink diamond sold for record-breaking $31m in Geneva
File photo: Candida Performa
Lifestyle
Revealed: living in Switzerland could prolong your life
Photo: Cervo
Travel
In pictures: Switzerland’s most welcoming hotels
Photo: Aargau cantonal government
‘Beast of Rupperswil’ was local football coach
Photo: Fabrice Coffrini/AFP
Features
Geneva exhibition marks 200 years of Frankenstein
Photo AFP
National
Swiss basic income campaign sets Guinness world record
Photo: St Gallen police
Society
Police hunt killer of man shot dead in St Gallen street
File photo: Martin Abegglen
Society
Presumed jihadist could have Swiss nationality quashed
Photo: Zurich Zoo
Culture
Gallery: giant tortoise at Zurich Zoo is mother at 80
Photo: Caroline Bishop
Society
Swiss farmer loses appeal in row over noisy cow bells
Photo: Esparta Palmer
Health
44-year-old woman refused fertility treatment on insurance
File photo: Thomas Coex/AFP
Society
Jilted admirer shocks woman with tattoo... of her face
File photo: Flickr
Health
Swiss school eyes longer holidays for non-smoking staff
4,568
jobs available