The top 10 Most expensive places – Household Accommodation Basket which includes House / Flat Mortgage, House / Flat Rental, Household Electricity Consumption, Household Gas / Fuel Consumption, Household Water Consumption and Local Property Rates / Taxes / Levies:
- China, Hong Kong
- Japan, Tokyo
- China, Shanghai
- Japan, Yokohama
- Japan, Nagoya
- Taiwan, Taipei
- Japan, Kyoto
- Japan, Osaka
- Japan, Kawasaki
- Japan, Fukuoka
The cost of real estate whether buying or renting is the most expensive in the world, primarily due to the limited land available. Most people in Hong Kong live in high-rise apartments varying in size from small studios to spacious penthouses. The cost of a relatively modest 3 bedroomed apartment in Hong Kong averages 46,000 HKD / 6,000 USD per month to rent compared 300,000 JPY / 3,800 USD in Tokyo, 4,000 AUD/USD in Sydney and 2,700 EUR / 3,400 USD in Zurich.
The full July 2012 Household Accommodation Basket cost of living rank for all international locations can be found here.
About Xpatulator.com’s Cost of Living Data
Xpatulator.com’s cost of living data is based on prices for the same quantity and quality of goods and services, representative of expatriate lifestyle, in each city. The data is collected and updated on a quarterly basis. The cost of living data is used by Xpatulator.com clients to calculate salary purchasing power parity, cost of living allowances, and customized (i.e. clients can select their own base city) cost of living indexes for expatriate assignments online, using Xpatulator.com’s 3 premium content calculators.
The 13 basket groups do not count equally and are weighted according to expatriate expenditure norms as follows (weighting percentage is in brackets):
1. Alcohol & Tobacco (2%): Alcoholic beverages and tobacco products.
2. Clothing (2.5%): Clothing and footwear products.
3. Communication (2%): Telephone, Internet, Mobile Contract and Calls.
4. Education (5%): Creche / nursery school / pre-school Fees, School Fees, College Fees, and Tertiary Study Fees.
5. Furniture & Appliances (5%): Furniture, household equipment and appliances.
6. Groceries (16.5%): Food, non-alcoholic beverages and cleaning materials.
7. Healthcare (5%): Doctor Consultation rates, Private Ward Rate, Prescription Medicine, and Private Medical Insurance Contributions.
8. Household (30%): Housing rental, utilities, local rates and residential taxes.
9. Miscellaneous (3%): Stationary, Linen and general goods and services.
10. Personal Care (3%): Personal Care products and services.
11. Recreation & Culture (6%): Books, Camera Film, Cinema Ticket, DVD and CD’s, Sports goods, Theatre Tickets.
12. Restaurants Meals Out and Hotels (2%): Dinner at Restaurant (non fast food), Hotel Rates, Take Away, Drinks & Snacks (fast Food).
13. Transport (18%): Public Transport, Vehicle Costs, Vehicle Fuel, Vehicle Insurance and Vehicle Maintenance.
Xpatulator.com is the most comprehensive source of international cost of living information. We provide free international cost of living overviews and rank information covering 13 cost of living baskets and every country around the world as well as premium content calculators.
Founded in 2007, Xpatulator.com’s mission is to organize the world’s cost of living indices, exchange rates and relative hardship indices and make it accessible and useful to all.
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