Japan’s High Cost of Living

By Staff Report

Jun. 24, 2005

Tokyo and Osaka are the world’s most expensive cities, according to Mercer Human Resource Consulting’s annual cost-of-living survey released Monday.

London is the third most expensive city, followed by Moscow; Seoul, South Korea; and Geneva and Zurich, Switzerland. In the U.S., New York is the most expensive, while Winston- Salem, North Carolina, is the cheapest. For cities of the 10 new entrants into the European Union last year, Budapest, Hungary, is the most costly. Bucharest, Romania, is the least expensive city in all of Europe.

Mercer says that Canada is getting a little more costly because of the strength of the Canadian dollar, but Toronto is still low on the list, less expensive than smaller towns such as Morristown, New Jersey

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