Hong Kong is ranked as the most expensive in the 2022 report, followed by four cities in Switzerland (Zurich, Geneva, Basel, and Bern) with Tel Aviv, New York City, Singapore, Tokyo, and Beijing completing the top 10.
Canada’s rankings
The five Canadian cities included in the list of 227 cities, are relatively inexpensive with Toronto the only one to appear in the top 100 (at 89), followed by Vancouver (108), Montreal (125), Ottawa (132), and Calgary (141).
“Although Canada continues to be a relatively affordable place to live and an attractive destination for remote workers, like other advanced economies, it is seeing significant price increases in goods and services,” said Nicole Stewart, principal, Career at Mercer Canada. “In a highly inflationary environment where organizations and individuals have increased flexibility around their work locations, employers will need to ensure they have effective and responsive compensation and talent strategies to address the cost-of-living concerns of mobile employees.”
The Mercer listings are designed to help corporations plan their workforce compensation, relocation, and global expansion strategies.
Mercer 2022 Cost of Living Ranking
