1. Tokyo, Japan
Tokyo is the most expensive place to live in the world for expatriates and is one of three Japanese cities to make the top 10 list this year.
The city has risen from the number two spot last year and has been ranked either first or second for the past five years. While the cost of renting in Asia's most expensive city has remained relatively the same, the cost of other goods like a cup of coffee, fuel and a fast-food meal has gone up over the past year. By comparison, Tokyo is about one-third more expensive than Karachi, which is the least expensive city for expats among the 214 cities surveyed by Mercer.
As Japan's most important economic center, Tokyo is the most desirable place for expats to live in. But the city's real estate market is expected to be hit by shrinking demand from expatriates in 2012 due to corporate cost-cutting and downsizing, according to Knight Frank.
Monthly Rent, Luxury 2 Bedroom: $4,848
Cup of Coffee: $8.29
One Gallon of Gasoline: $7.34
Daily International Newspaper: $6.38
Fast-Food Meal: $8.29
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