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Mercer’s 2024 Cost of Living Data is out and they have revealed lists of the most expensive and cheapest cities for international workers.
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Mercer, a US-based consulting firm, released the list after analysing certain factors that impact the cost of living in major cities around the world.
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These factors include - inflation and exchange-rate fluctuations, heightened economic and geopolitical volatility, housing markets, transportation costs, and costs of goods and services in the study.
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After analysing 226 cities, the data showed that Abuja in Nigeria is the cheapest city for international workers in 2024.
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1. Abuja, Nigeria 2. Lagos, Nigeria 3. Islamabad, Pakistan 4. Bishkek, Kyrgyzstan 5. Karachi, Pakistan 6. Blantyre, Malawi 7. Dushanbe, Tajikistan 8. Durban, South Africa 9. Windhoek, Namibia 10. Havana, Cuba
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According to Mercer’s report, the cost of living in these cities is cheaper due to their currency depreciation.
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On the other hand, the most expensive city to live in for international workers is Hong Kong.
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1. Hong Kong 2. Singapore 3. Zurich, Switzerland 4. Geneva, Switzerland 5. Basel, Switzerland 6. Bern, Switzerland 7. New York, USA 8. London, United Kingdom 9. Nassau, The Bahamas 10. Los Angeles, USA
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