Korean Job Discussion Forums

[Adventurer]

Moscow world's most costly city

You might save on vodka, but little else comes cheaply in Moscow
Russia's capital, Moscow, has been named as the world's most expensive city for expatriate staff to live, for the second year in a row.
London climbed three places to second in Mercer Human Resource Consulting's 2007 Cost of Living study.

Asian cities Seoul, Tokyo and Hong Kong completed the top five. Paraguay's capital Asuncion was the cheapest.

The report measures the cost of 200 items such as housing, clothing and food in 143 cities on six continents.

The most expensive place to rent a luxury two-bedroom unfurnished apartment was Tokyo, at �2,110 per month, and the cheapest Johannesburg, at just �490.

And while a coffee in Moscow will set you back �3.14, in Buenos Aires it will cost less than �1.

The high cost of accommodation and a favourable exchange rate against the US dollar were the key factors behind Moscow's continued dominance of the annual cost-of-living survey, Mercer said.


See a comparison of key cities in the survey

http://news.bbc.co.uk/2/hi/in_depth/6761487.stm

[sojourner1]

I am suprised Russia is that expensive. I bet an apple to a dounut they can speak more English than Korea can.