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Annual Cost of Living Survey: Key Facts

Published on Friday, September 23, 2022
Annual Cost of Living Survey: Key Facts

About the Report: 

  • Mercer’s Cost of Living Survey provides employers with current, extensive and reliable data to help them navigate compensation strategies for their mobile employees in the unpredictable global markets. Mercer’s annual Cost of Living city ranking is based on the Cost of Living data research - one of the most recognized and extensive surveys of its kind, encompassing over 400 cities around the world. Carried out twice per year, the survey is designed to help multinational companies and governments around the world determine compensation strategies for their expatriate employees.

Key facts: 

  • In addition to evaluating more than 200 goods and services, Mercer’s Cost of Living Survey highlights essential factors — such as currency fluctuations, cost inflation and accommodation price instability — in determining the cost of packages for internationally mobile employees.
  • The Cost of Living survey by Mercer was conducted in March 2022, and this year's ranking compares the prices of more than 200 commodities, including housing, transportation, food, clothing, household goods and entertainment in 227 cities spread across five continents.

Rankings: 

  • The list is topped by Hong Kong which is followed by Zurich and Geneva. According to the report, the cheapest places for foreign employees to live which included Turkey’s Ankara (227), Bishkek in Kyrgyzstan (226) and Dushanbe in Tajikistan (225).

India’s Performance: 

  • According to the survey, In India, Mumbai (127) is the most expensive city for foreign employees, followed by New Delhi (155), Chennai (177), Bengaluru (178), and Hyderabad (192). Pune (201) and Kolkata (203) are the least expensive Indian cities in the ranking.

Static Part: 

  • Mercer is a U.S. based company. It’s headquarter is in New York.

Question: 

Ques: 1: Which Indian city is ranked as the costliest city in India according to Mercer’s Cost of Living Survey Report?
a) Delhi
b) Mumbai
c) Kolkata
d) Pune
e) None of the above
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