Miami Cost-of-Living Getting More Expensive

According to a survey by Mercer Human Resource Consulting, Miami cost-of-living has gotten much more expensive, climbing 18 places since last year, ranking the 39th most expensive city in the world.

The only U.S. cities more expensive than Miami were New York, Los Angeles, San Francisco and Chicago.

The Mercer 2006 report surveyed 144 cities worldwide and measured the cost of over 200 items in each location. The survey considered housing, transportation, food, clothing, household goods and entertainment.

It is used to help multinational companies determine compensation allowances for their expatriate employees.

Tokyo dropped from first place to third. The city of Seoul in South Korea jumped up to second, and Moscow came in first.

The 50 Most Expensive Cities in the World

1. Moscow
2. Seoul
3. Tokyo
4. Hong Kong
5. London
6. Osaka, Japan
7. Geneva
8. Copenhagen, Denmark
9. Zurich, Switzerland
10. Oslo, Norway
11. New York
12. St. Petersburg, Russia
13. Milan, Italy
14. Beijing
15. Istanbul, Turkey
16. Paris
17. Singapore
18. Dublin, Ireland
19. Sydney, Australia
20. Shanghai, China
21. Rome
22. Kiev, Ukraine
23. Vienna, Austria
24. Tel Aviv, Israel
25. Helsinki, Finland
26. Dubai, United Arab Emirates
27. Douala, Cameroon
28. Taipei, Taiwan
29. Los Angeles
30. Abu Dhabi, United Arab Emirates
31. Lagos, Nigeria
32. Beirut, Lebanon
33. Hanoi, Vietnam
34. Sao Paolo, Brazil
35. San Francisco
36. Stockholm, Sweden
37. Ho Chi Minh City, Vietnam
38. Chicago
39. Miami
40. Rio de Janeiro, Brazil
41. Lusaka, Zambia
42. Amsterdam, Netherlands
43. White Plains, N.Y.
44. Shenzen, China
45. Abidjan, Ivory Coast
46. Dakar, Senegal
47. Toronto
48. Jakarta, Indonesia
49. Bratislava, Slovak Republic
50. Prague, Czech Republic

Related:
• Worldwide Cost of Living Survey 2006

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