Going by a reputed survey, French capital Paris is on top of the list of the world’s priciest city for expatriates.
Paris shares the position with Singapore and Hong Kong according to a survey.
It also needs to be mentioned that strife-torn Venezuela has been named as the cheapest.
Only “alcohol, transport and tobacco” offer value for money compared with other European cities, the survey said.
The top ten list was dominated by Asian and European cities, with Osaka and Seoul in joint fifth and joint seventh places respectively, and Zurich (4th), Geneva (joint 5th) and Copenhagen (joint 7th) also in the elite club.
North America was represented by the US cities of New York, seventh, and Los Angeles, tied 10th with Israel’s Tel Aviv.
The survey is aimed at helping companies calculate compensation packages and allowances for expatriate staff and business travellers.