Following a four-year reign, Hong Kong (2nd) loses the top spot to New York
Singapore is now the fifth most expensive location in the world for expatriates, driven by rising accommodation costs
Hong Kong loses number one status in spite of high levels of inflation
Cost of Living indices are an invaluable tool for global mobility teams. However, when indices are updated to reflect changes in living costs between two locations, assignees may have questions about the updates.
As short-term assignments become an essential means of moving talent, how should employees be compensated for their living costs during the assignment?
Cost of living indices help organisations determine appropriate salary packages for employees on international assignments. Join us in exploring the process with our engaging infographic.
This free report explains how ECA's indices are calculated and applied to protect the buying power of people moving between countries as well as looking at what causes them to change over time.
Covid-19 restrictions and political situation contribute to Hong Kong’s fall to the 92nd most liveable location in the world for workers relocating from elsewhere in East Asia.
Singapore maintains its status as the most liveable location for expatriate workers from East Asia since 2005.
Locations in Malaysia – Kuala Lumpur, George Town and Johor Bahru – have risen in the global rankings over the past year.