World’s Most Expensive City for Expats: Hong Kong

Hong Kong is the world's most expensive city for expatriates, according to a recent survey. (Shutterstock)

Consulting firm Mercer has recently released its 24th annual Cost of Living Survey, which takes into account more than 200 factors in over 375 cities. Four out of the five most expensive cities in the world for expatriates are in Asia. Here are the 10 most expensive cities in the world:

1. Hong Kong 2. Tokyo, Japan 3. Zurich, Switzerland 4. Singapore 5. Seoul, South Korea 6. Luanda, Angola 7. Shanghai, China 8. N’Djamena, Chad 9. Beijing, China 10. Bern, Switzerland

As for American cities, New York City comes in at number 13; San Francisco, 28; and Los Angeles, 35; Chicago, 51; Washington, D.C., 56.

Cities with the lowest cost of living are as follows: 1. Tashkent, Uzbekistan 2. Tunis, Tunisia 3. Bishkek, Kyrgyzstan 4. Banjul, The Gambia 5. Karachi, Pakistan 6. Blantyre, Malawi 7. Tbilisi, Georgia 8. Minsk, Belarus 9. Tegucigalpa, Honduras 10. Managua, Nicaragua