The survey found that all US cities have risen in the ranking since last year, primarily due to prolonged inflation and exchange-rate fluctuations, which is having a direct impact on the pay and savings of international employees. Mercer’s Cost of Living survey helps employers design efficient and equitable compensation packages for assignment locations worldwide. As many global companies with US operations source a significant part of their workforce outside the US, combined with a tight labor market, a higher cost of living could impact expats’ willingness to relocate, further exacerbating staffing needs.

The survey found that all US cities have increased in the ranking, making it less affordable for employees, particularly for expatriates (expats) who move to the US for international assignments. Today, Mercer announced the results of its 2023 Cost of Living Survey with New York City remaining the most expensive city in North America for expatriates, ranking 6 th worldwide, while Hong Kong retained the top spot globally out of 227 cities from across five continents.

Global cities rankings alpha