Asia Pacific Expat Cost of Living Comparison
Overall Asia Pacific has 3 cities in the top 10 most expensive cities in the world.
What is most expensive city in Asia Pacific in 2020?
Hong Kong is the most expensive city in Asia-Pacific as at October 2019, mainly due to extremely high housing costs, as well as high cost of schooling and limited space available making rentals high. However, when you exclude costs related to housing, education, medical and transport, Hong Kong falls out of the top ten city rankings for this region. This indicates that Hong-Kong is not the most expensive place for other basket groups.
Singapore is the second most expensive city in the Asia-Pacific region for expatriates. Singapore's education system, which is widely regarded as the best in the world, is also the most expensive for expatriates when priced in US Dollars, the cost of housing is also extremely high due to the limited space and premium on high quality expatriate accommodation, while the complex Certificate of Entitlement system makes car prices excessive, resulting in Singapore’s transport costs being amongst the highest in the world.
Where does this expat cost of living information for Asia Pacific come from?
Xpatulator.com has been created to calculate expatriate pay using online calculators and an extensive database of cost of living and hardship indexes, for 780 international locations. The database is updated quarterly. Subscribers use this information to ensure expatriate salary spending power is maintained when on an international assignment. Salary spending power is affected by cost of living, hardship and exchange rate differences between the home and host location.
What is the cost of living comparison for Asia Pacific?
A cost of living comparison involves using a Cost of Living Index (COLI) as a numerical way of comparing cost of living, either over time, or by comparing the cost of living in different geographical locations. When comparing the cost of living between different locations the difference in the cost of living is expressed as an index by dividing the cost of living in Location A by the cost of living in Location B. The cost of living index indicates the difference in the cost of living between the two locations. In the below graphic, the COLI for the most expensive cities in Asia Pacific is the result of dividing each locations cost of living by the cost of living in New York NY (USA) using all 13 basket groups. New York therefore has a COLI of 100 for global comparison purposes.
What are the top 10 most expensive cities to live in Asia Pacific?
The top 10 most expensive cities in Asia Pacific for an Expat as at January 2020 are as follows:
Cost of Living Review for Asia Pacific as at January 2020
For more, read a free cost of living review for the following locations in Asia Pacific as at January 2020:
- Bandar Seri Begawan
- Ho Chi Minh City
- Hong Kong
- Johor Bahru
- Kuala Lumpur
- New Delhi
- Phnom Penh
- Port Moresby
- Port Vila
- South Tarawa
- Subang Jaya
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