Vancouver ranked world’s 96th most expensive city It should be no surprise that Vancouver is still the most expensive city in Canada but it is now the 96th most expensive city in the world, according to Mercer’s 2014 Cost of Living Survey. This represents a significant drop from last year’s ranking of 64th in the same survey, but the massive thirty-two place fall is attributed to the falling value of the Canadian dollar and slower inflation in domestic prices compared to the top ranking cities. Four other Canadian cities made the list and also dropped in rankings for the same reasons: Toronto (101st in 2014; 67th in 2013), Montreal (123rd in 2014; 95th in 2013), Calgary (125th in 2014; 97th in 2013) and Ottawa (152nd in 2014; 118th in 2013). European, Asian and Australian cities had the highest cost of living, while the African cities of Luanda in Angola and N’Djamena in Chad topped the list. Hong Kong came in third place, followed by Singapore, Zurich, Geneva, Tokyo, Bern, Moscow and Shanghai. “Rankings in many regions were affected by recent world events, including economic and political upheavals, which resulted in currency fluctuations, cost inflation for goods and services, and volatility in accommodation prices,” said Ed Hannibal, Partner and Global Leader for Mercer’s Mobility practice. Most European cities were pushed up in the rankings due to the rising value of European currencies against the US dollar. Housing and rental costs in European cities have also been pushed upwards due to strong demand, especially in Copenhagen, Amsterdam and Frankfurt. In contrast, Japanese and Australian cities have dropped in the ranking this year as a result of their respective currencies weakening against the US dollar. However, Chinese cities jumped in the ranking, including Shanghai, Beijing, and Shenzhen, due to the strengthening of the Chinese yuan. Cities in the United States have climbed in the ranking due to the relative stability of the US dollar against other major currencies,Mercer’s 2014 Cost of Living Survey Rank 2014 Rank 2013 City Country 1 1 Luanda Angola 2 4 N’Djamena Chad 3 6 Hong Kong Hong Kong 4 5 Singapore Singapore 5 8 Zurich Switzerland 6 7 Geneva Switzerland 7 3 Tokyo Japan 8 9 Bern Switzerland 9 2 Moscow Russia 10 14 Shanghai China 11 15 Beijing China 12 25 London United Kingdom 13 22 Victoria Seychelles 14 13 Seoul South Korea 15 17 Copenhagen Denmark 16 24 New York City United States 17 29 Shenzhen China 18 32 Tel Aviv Israel 19 21 Libreville Gabon 20 33 Kinshasa Congo, Democratic Republic of 20 11 Oslo Norway 22 45 Noumea New Caledonia 23 12 Osaka Japan 24 35 Guangzhou China 25 36 Lagos Nigeria 26 9 Sydney Australia 27 37 Paris France 28 40 Brazzaville Congo, Republic of 29 39 Bamako Mali 30 41 Milan Italy 31 44 Rome Italy 32 48 Vienna Austria 33 16 Melbourne Australia 34 46 Conakry Guinea 35 23 St. Petersburg Russia 36 49 Abuja Nigeria 37 18 Perth Australia 38 42 Stockholm Sweden 39 52 Amsterdam Netherlands 40 51 Dakar Senegal 40 26 Nagoya Japan 42 55 Helsinki Finland 43 38 Abidjan Cote d’Ivoire 44 46 Douala Cameroon 44 55 Yaounde Cameroon 46 57 Baku Azerbaijan 47 69 Nanjing China 48 65 Qingdao China 49 19 Sao Paulo Brazil 50 67 Tianjin China 51 61 Dublin Ireland 52 28 Brisbane Australia 53 27 Canberra Australia 54 79 Shenyang China 55 81 Munich Germany 56 69 Brussels Belgium 56 77 Luxembourg Luxembourg 58 54 Auckland New Zealand 59 34 Adelaide Australia 59 83 Frankfurt Germany 61 62 Taipei Taiwan 62 72 Los Angeles, CA United States 63 76 Beirut Lebanon 63 81 Madrid Spain 65 29 Rio de Janeiro Brazil 66 57 Yangon Myanmar 67 90 Dubai United Arab Emirates 68 79 Abu Dhabi United Arab Emirates 68 99 Berlin Germany 70 85 Pointe-a-Pitre Guadeloupe 71 84 Barcelona Spain 71 97 Chengdu China 73 100 Dusseldorf Germany 74 92 San Francisco, CA United States 75 88 Riga Latvia 76 106 Hamburg Germany 77 53 Tehran¹ Iran 78 90 Athens Greece 79 103 Lyon France 79 75 Wellington New Zealand 81 78 Bandar Seri Begawan Brunei 81 114 Port-au-Prince Haiti 81 93 White Plains, NY United States 84 93 Bratislava Slovakia 85 101 Chicago, IL United States 86 59 Buenos Aires Argentina 87 102 Cotonou Benin 88 66 Bangkok Thailand 88 63 Santiago Chile 90 135 Birmingham United Kingdom 91 116 Stuttgart Germany 92 73 Prague Czech Republic 92 106 Washington, D.C. United States 94 128 Aberdeen United Kingdom 94 109 Lisbon Portugal 96 64 Vancouver Canada 97 117 Honolulu, HI United States 98 60 Bogota Colombia 98 103 Kiev Ukraine 98 114 Miami, FL United States 101 42 Djibouti Djibouti 101 68 Toronto Canada 103 89 Amman Jordan 103 31 Niamey Niger 105 113 Lome Togo 105 131 Ouagadougou Burkina Faso 107 125 Casablanca Morocco 108 157 Glasgow United Kingdom 109 123 Boston, MA United States 110 129 Tallinn Estonia 111 95 Almaty Kazakhstan 111 122 Riyadh Saudi Arabia 113 127 Limassol Cyprus 114 87 Montevideo Uruguay 115 111 Kuala Lumpur Malaysia 116 144 Ljubljana Slovenia 117 154 Dhaka Bangladesh 117 147 Nairobi Kenya 119 71 Jakarta Indonesia 120 158 Belfast United Kingdom 120 131 Zagreb Croatia 122 120 Maputo Mozambique 123 95 Montreal Canada 124 139 Algiers Algeria 125 97 Calgary Canada 125 135 Dallas, TX United States 125 103 Manila Philippines 128 110 Accra Ghana 129 148 Nurnberg Germany 130 139 Vilnius Lithuania 131 134 Hanoi Vietnam 132 144 Morristown, NJ United States 132 126 San Jose Costa Rica 134 106 Havana¹ Cuba 135 130 Budapest Hungary 135 141 Ho Chi Minh City Vietnam 135 85 Istanbul Turkey 135 112 Lima Peru 139 143 San Juan Puerto Rico 140 118 Mumbai India 141 153 Leipzig Germany 142 150 Warsaw Poland 143 144 Houston, TX United states 144 73 Brasilia Brazil 145 151 Panama City Panama 146 121 Kigali Rwanda 147 151 Atlanta, GA United States 147 141 Kuwait City Kuwait 149 133 Port of Spain Trinidad and Tobago 150 154 Manama Bahrain 150 138 Mexico Mexico 152 118 Ottawa Canada 153 154 Cairo Egypt 153 163 Khartoum¹ Sudan 153 159 Seattle, WA United States 156 160 Minneapolis, MN United States 157 124 New Delhi India 158 162 Doha Qatar 159 169 Bucharest Romania 160 160 Detroit, MI United States 161 163 St. Louis, MO United states 162 168 Pittsburgh, PA United states 163 170 Rabat Morocco 164 167 Colombo Sri Lanka 165 173 Port Louis Mauritius 166 173 Portland, OR United States 167 175 Cleveland, OH United States 168 170 Muscat Oman 169 177 Phnom Penh Cambodia 170 176 Guatemala City Guatemala 171 180 Damascus¹ Syria 172 181 Sofia Bulgaria 173 172 Santo Domingo Dominican Republic 174 148 Lusaka Zambia 175 182 Jeddah Saudi Arabia 176 163 Asuncion Paraguay 177 190 Quito Ecuador 178 186 Dar es Salaam Tanzania 178 163 Kingston Jamaica 180 185 Tashkent Uzbekistan 181 193 Harare Zimbabwe 182 193 Winston Salem, NC United States 183 178 Monterrey Mexico 184 192 Belgrade Serbia 185 179 Chennai India 186 182 Addis Ababa Ethiopia 187 195 Yerevan Armenia 188 199 Sarajevo Bosnia and Herzegovina 189 202 Tirana Albania 190 198 San Salvador El Salvador 191 187 Minsk Belarus 191 199 Nouakchott Mauritania 193 203 Skopje Macedonia 194 205 Kampala Uganda 194 195 Tbilisi Georgia 196 189 Bangalore India 197 184 Gaborone Botswana 198 201 Ashkhabad Turkmenistan 199 190 Banjul Gambia 200 204 Tegucigalpa Honduras 201 209 Blantyre Malawi 202 210 Tunis Tunisia 203 187 Johannesburg South Africa 204 211 La Paz Bolivia 205 197 Cape Town South Africa 205 206 Kolkata India 207 212 Managua Nicaragua 208 208 Islamabad Pakistan 209 213 Bishkek Kyrgyzstan 210 207 Windhoek Namibia 211 214 Karachi Pakistan vancitybuzz/2014/07/vancouver-ranked-worlds-96th-expensive-city/
Posted on: Sun, 13 Jul 2014 07:03:41 +0000
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