World's Most Expensive Cities: 'Vietnam's Metropolises Are Livably Cheaper"

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Photo: Nhan Dan

Hanoi & Ho Chi Minh City in top 150

Hanoi ranks 139 in the list, down 23 positions compared to last year. According to Numbeo, the monthly living cost for a single person is estimated at US$ 438 without rent. When compared with New York, Hanoi is 63.74% less expensive. Rent in Hanoi is, on average, 87.56% lower than in New York.

Ho Chi Minh City is named at the 143rd position, 32 rankings lower than last year. However, due to Numbeo, rent in Ho Chi Minh City is, on average, 48.26% higher than in Hanoi.

According to International Living, Vietnam is an inexpensive country to live in. Most items cost less than half of what expats would have to pay in the West, and anywhere from 5% to 25% less than what they would cost in many other Southeast Asian countries.

Photo: Mercer

Ashgabat, Hong Kong and Beirut top the list

Ashgabat tops this year’s list of most expensive cities for international employees, followed by Hong Kong and Beirut. Ashgabat beats Hong Kong to become this year's city with the highest living cost for expats. The capital of Turkmenistan owes its ranking "primarily due to a continuing socio-economic crisis which has led to food shortages and hyperinflation," said Mercer's Asia Pacific global mobility leader Julia Radchenko in a statement.

The others in the top 10 costliest cities to live in should come as no surprise, with Hong Kong, Tokyo, Zurich, and Shanghai coming in at second, fourth, fifth, and sixth place, respectively. New York City is the most expensive place to live in the United States, coming in 14th in the global ranking, falling eight places from last year. Los Angeles and San Francisco are next, ranking 20th and 25th globally. according to Business Insider.

Photo: Mercer

As one of the most densely populated places in the world, with an amazing seven million people in just 1,098 square kilometers of territory, Hong Kong has always been rated as the most expensive place in Asia to live. A single person estimated monthly costs in Hong Kong are US$ 1,077, according to Numbeo.

The Lebanese capital city, Beirut climbed 42 positions in the ranking as a result of the political turmoil of the last few years. The Covid-19 pandemic and the Port of Beirut explosion have all amplified the economic effects, causing record-high inflation.

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