Industries

Washington ranks as fifth most costly city in U.S.

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Washington, D.C., is the fifth most expensive city in the United States and the 107th most expensive in the world, according to a recent survey.

Tokyo is the world’s most expensive city, according to Mercer’s latest Cost of Living Survey, which ranks three Japanese cities in its top 10.

Mercer, a global human resources consulting company with offices in Virginia, ranked 214 cities around the world to give multinational companies an idea of the costs they would face in deploying expatriate employees.

The survey compares the costs of more than 200 items in each location including housing, transportation, food, clothing, household goods and entertainment.

The Washington, D.C., area, which includes Northern Virginia, was the only Virginia-connected city on the list.

Elsewhere in the U.S., the top 10 also included: New York City ranked No. 33; Los Angeles,  68;  Chicago and Miami,  tied at 110; Boston, 125; Dallas, 132; Houston, 144; Atlanta, 152; Morristown, N.J., 161; and Minneapolis, 164.

In addition Tokyo, the most expensive cities worldwide in descending order were: Luanda, Angola; Osaka; Moscow; Geneva; Zurich; Singapore; N’Djamena, Chad; Hong Kong; and Sydney.

 


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