Guangzhou World’s 9th Most Expensive City for Expats

By Ned Kelly, June 11, 2022

0 0

Global mobility company ECA International has released its annual list of the world's most expensive cities for foreign workers and expats to live in, and Guangzhou ranks a wallet-wincing ninth on the list.

The company calculates the list based on several factors, including the average price of household staples like milk and cooking oil, rent, utilities, public transit and the strength of the local currency.

Hong Kong topped the list for the third year in a row, while Shanghai came in eighth.

"The main reason for the rise in [the mainland Chinese cities] rankings has been the continued strength of the Chinese yuan against other major currencies," Lee Quane, ECA's regional director for Asia, explained the PRC's growing presence on the index.

The continued strength of the Hong Kong dollar, meanwhile, helped the city retain its costly crown. 

Asia also stakes a claim to being the priciest continent, with five cities in the top 10 – the three Chinese cities being joined by Tokyo and Seoul, coming in fifth and tenth respectively.

Without further ado, here is ECA's cost-of-living index top 10:

1. Hong Kong

2. New York

3. Geneva

4. London

5. Tokyo

6. Tel Aviv

7. Zurich

8. Shanghai

9. Guangzhou

10. Seoul


[Cover image via Wiki]

more news

Child Dies After Being Kicked by Guangzhou Teacher

The boy died after 26 days in hospital.

WATCH: Tornado Wreaks Havoc in Guangzhou

A tornado hit Taiping village in Conghua district, Guangzhou.

Dulwich Pudong Named in World's Best Schools Top 10 List

The College was shortlisted for their commitment to Supporting Healthy Lives.

9 Awesome Things to do in Guangzhou

A selection of some of the best things to do this week in Guangzhou!

'Trip in Guangzhou Carnival' Urban Exploration Competition

20 award-winning routes highlight the charm of Guangzhou's cultural tourism.

‘Normalized’ COVID Testing Trialed in Guangzhou

The move is the first time 'normalized' testing has been used in Guangzhou and could signal a change in the country's COVID-19 prevention policy.

7 Awesome Things to Do This Week in Guangzhou

A selection of some of the best things to do in Guangzhou this week!

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsGuangzhou for events, guides, giveaways and much more!

7 Days in Guangzhou With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's !

Visit the archives