Tel Aviv surges in cost of living survey
Israeli city ranked most expensive city for expatriates in the Middle East, according to Mercer.
Tel Aviv surged 14 spots to rank the 18th most expensive city for expatriates, according to Mercer's 2014 Cost of Living Rankings, which were published Thursday.
The rankings "compare the cost of living for expatriates in 211 cities worldwide … based on data from our annual Cost of Living Survey," according to Mercer. The survey compares costs for over 200 goods and services in each location, ranging from domestic and transportation needs to entertainment.
Tel Aviv is the most expensive city in the Middle East. The next Middle Eastern city on the list is Beirut, down at 63rd, five spots ahead of Abu Dhabi.
Luanda, Angola and N'Djamena, Chad were the two most expensive cities in the 2014 survey, with Luanda staying on top and N'Djamena replacing Moscow, which fell to ninth place. Hong Kong moved up three spots to third place, while Singapore inched up a notch to fourth.
Switzerland accounted for Europe's other three cities in the top ten. Zurich, up three places, rounded out the top five, while Geneva followed in sixth and Bern trailed in eighth.
Karachi, Pakistan, was at the bottom of the list.
Cities in the United States gained ground, thanks to a relatively stable dollar last year, with New York leading the way in 16th place, eight notches above its 2013 standing. Los Angeles rose 10 spots to 62nd, while San Francisco leaped 18 places to 74th.
Sao Paolo was ranked the most expensive city in South America at 49th, after being 19th in the 2013 survey.
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