Islamabad and Karachi Named Cheapest Cities for Foreigners
The most cheapest cities for foreigners in 2023, according to Mercer, a US-based asset management firm, are Islamabad and Karachi. Karachi came in second while Islamabad came in first.
A collection of commodities and services that are often utilised by expatriates form the basis of the cost of living index. The index takes into account costs for housing, travel, meals, clothing, entertainment, and other expenses.
The top 10 least expensive cities for expatriates in 2023 are listed below, according to Mercer’s ranking:
Consequently, here is the list of the top ten most expensive cities for expatriates in 2023:
|1.||Hong Kong||Hong Kong (China)|
|6.||New York City||United States of America (USA)|
To assist multinational corporations and governments in determining the appropriate compensation for their employees working abroad, Mercer conducts cost of living data research twice a year. To calculate the cost of living packages, the poll examines more than 200 items and services, as well as monetary fluctuations, inflation, and lodging costs.
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