Monday, June 18, 2007
Relative to other world cities, Dublin continues to be one of the world's most expensive cities to live in.
The latest edition of the Mercer Cost of Living Index reveals that Dublin is now the world's 16th most expensive place to live, marginally behind New York.
Think about that for a sec. You're paying New York prices for Dublin living standards. Sad but true.
This is two places higher than Dublin was last year, indicating that the cost of living relative to other cities is still rising in Dublin, despite cooling house prices. Conclusion: rip-off Ireland is still alive and well and scorching the wallets of everyone in the Pale.
Moscow tops the list of the most expensive cities in the world to live - not a surprise to anyone who's tried to get accommodation there or even buy a sludgy coffee near the Arbat.
London is second, no surprise there either, and the Asian cities of Seoul, Tokyo and Hong Kong make up the rest of the top five.
In case anyone's wondering how Moscow could be the world's most expensive city, here's Mercer's rationale:
"Mercer's annual Cost of Living Survey covers 143 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is the world’s most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowances for their expatriate employees."