17 June 2010 - Hong Kong has become a little less expensive for some overseas visitors, mainlanders and expatriates, with a cheaper HK Dollar relative to other currencies seeing the city slide down the global cost-of-living ranks this year, from 30th to 34th place. However, inflation and rising expenses counterbalance some of the advantages of the favorable exchange rate. Hong Kong is now a more expensive city than London, Munich and New York, but cheaper than Jerusalem and Baku (Azerbaidjan). Year-on-year there were mixed results for other cities, with the global rankings of Amsterdam, Milan and Khartoum falling while others, such as Moscow, Stockholm and Oslo, rose. American cities, including Honolulu and New York, mainly fell. Luanda slipped from the top spot last year to number 3. Karachi was at the bottom on the list. But who wants to live in Karachi? For full results, please google ECA International.
Cheap Hong Kong?
17 June 2010 - Hong Kong has become a little less expensive for some overseas visitors, mainlanders and expatriates, with a cheaper HK Dollar relative to other currencies seeing the city slide down the global cost-of-living ranks this year, from 30th to 34th place. However, inflation and rising expenses counterbalance some of the advantages of the favorable exchange rate. Hong Kong is now a more expensive city than London, Munich and New York, but cheaper than Jerusalem and Baku (Azerbaidjan). Year-on-year there were mixed results for other cities, with the global rankings of Amsterdam, Milan and Khartoum falling while others, such as Moscow, Stockholm and Oslo, rose. American cities, including Honolulu and New York, mainly fell. Luanda slipped from the top spot last year to number 3. Karachi was at the bottom on the list. But who wants to live in Karachi? For full results, please google ECA International.
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