Source : The Rio Times
RIO DE JANEIRO, BRAZIL – Brazil’s two biggest cities, Rio and São Paulo, have been ranked amongst the top fifteen most expensive cities in the world for expats, according to Mercer’s Worldwide Cost of Living Survey published last month. The report has Luanda, Angola as the world’s most expensive city for expatriates in the second year in a row, and for the Americas, São Paulo and Rio de Janeiro, Brazil top the list.
The survey ranks São Paulo as the tenth most expensive city in the world (up eleven places since last year), and Rio de Janeiro as the twelfth (rising seventeen places). New York, North America’s most expensive city, lags far behind in just 32nd place, making Brazil the most expensive country in the Americas. London and Paris occupy eighteenth and 27th place, respectively.
The Mercer Report, which is published annually, is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. It measures the comparative cost of 200 items in each of the 214 cities covered by the survey against prices in New York City. These items include housing, transport, food, clothing, household goods and entertainment.