Each year, Mercer Consulting assembles its ranking of the most expensive places to live. Mercer compiles information from 143 cities worldwide, comparing the cost of more than 200 items in each location including housing, transportation, food, entertainment and more.
This year’s rankings saw a significant reshuffling from 2008, due largely in part to currency fluctuations and the strengthening of the US dollar, which Mercer uses as the benchmark for comparing costs.
This year’s Cost of Living Survey found that European metro areas experienced the biggest drop in cost of living, with Warsaw falling from 35th in 2008 to 113th in 2009. Meanwhile, places like New York and Beijing entered the top 10, jumping from 20 and 22 respectively in 2008.
So, what cities make up the world’s most expensive places to live? Click ahead to find out!
By Paul ToscanoPosted 7 July 2009