According to Mercer’s 2023 Cost of Living survey, which includes 227 cities from across five continents, Mumbai, positioned at 147 in the global ranking, retains the top spot as India’s most expensive city for expats, while Hong Kong topped the global chart.
New Delhi: Mumbai has been ranked as the most expensive city in India for expatriates, followed by New Delhi and Bengaluru in the second and third place, respectively, according to a report.
According to Mercer’s 2023 Cost of Living survey, which includes 227 cities from across five continents, Mumbai, positioned at 147 in the global ranking, retains the top spot as India’s most expensive city for expats, while Hong Kong topped the global chart.
According to the rankings, Mumbai has been positioned at 147 in the global ranking, New Delhi at 169, Chennai 184, Bengaluru 189, Hyderabad 202, Kolkata 211, and Pune 213.
Mercer’s Cost of Living survey measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.
The data collected provides all of the key information employers need to design efficient and transparent compensation packages for international assignees. It helps international employers design efficient and equitable compensation packages for over 400 assignment locations worldwide.
Globally, Hong Kong, Singapore and Zurich are the most expensive cities for international employees this year, the report said.
The least expensive locations in the ranking include Havana, which dropped 83 spots, due in part to strong currency devaluations mid-last-year, and two cities in Pakistan – Karachi and Islamabad.
Among Indian cities, besides Mumbai, the other surveyed cities – Chennai, Hyderabad, Kolkata, and Pune – offer accommodation costs that are over 50 per cent lower than Mumbai.