Tel Aviv is the most expensive city in the Middle East for expatriates and one
of the most expensive in the world, according to the annual Worldwide Cost of
Living Survey of 214 cities by Mercer. Tel Aviv rose seven places in the ranking
to No. 31 from No. 38 in 2011.
Tel Aviv outranks New York (No. 33) and
Paris (No. 37) but is below London (No. 25). Tokyo tops the rankings, followed
by Luanda (Angola), Osaka, Moscow, Geneva, Zurich, Singapore, N’Djamena (Chad),
Hong Kong and Nagoya.
The cost-of-living survey is designed to help
multinational companies and governments determine compensation allowances for
their expatriate employees. New York is the baseline city.