Latest Worldwide Cost Of Living Survey: The U.S. May Be A Bargain

Moscow is the world's most expensive city for expatriates for the third consecutive year, according to the latest Cost of Living Survey from Mercer. Tokyo climbed two places since last year, to number two, while London dropped from second to third. Oslo soared six places to fourth place, followed by Seoul in fifth. Asunción in Paraguay has the distinction of being the least expensive city in the ranking for the sixth year running. With New York as the base city scoring 100 points, Moscow scores 142.4 and is close to three times costlier than Asunción which has rating of 52.5. Contrary to the trend observed last year, the gap between the world's most and least expensive cities now seems to be widening.