Hong Kong drops out of the top 5 most expensive locations in the world

Hong Kong is now the 6th most expensive location for expats to live, falling from 4th place last year. This was one of the findings of the latest Cost of Living survey published by ECA International, the world's leading provider of knowledge, information and software for the management and assignment of employees around the world. 

Hong Kong has dropped slightly after falling behind the Swiss cities of Basel and Bern and now sits outside of the top 5 most expensive locations.

“Despite political and social unrest over the course of 2019, coupled with the impact of Covid-19 making some people more reluctant to move to the SAR, Hong Kong has only seen a small drop in the global rankings amid the uncertainty” said Lee Quane, Regional Director, Asia at ECA International. “Although it has been overtaken by Bern and Basel, Hong Kong is still one of the most expensive places for overseas workers to live and is still more expensive than other Asian expat hubs such as Tokyo and Singapore”.