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Focus Living costs Credit: Keystone / Laif / Frank Tophoven Average cost of 4 theatre tickets to a good show at teatro real in Madrid, Spain. US$ 1,182.86 Most expensive cities Madrid US$ 1182.86 Beijing US$ 1022.26 Caracas US$ 876.46 Munich US$ 857.14 Milan US$ 828.57 Cheapest cities Lexington US$ 130.0 Amman US$ 126.76 Istanbul US$ 120.0 Nouméa US$ 82.75 Nairobi US$ 47.81 Cost of living surveys are a key tool for corporate HR teams to compare costs of key locations around the world, as part of their calculations in creating fair compensation policies for expatriate employees. 24 T Magazine Issue 07 Ernst & Young
Credit: Reuters / David Gray Average cost of a routine checkup at family doctor in Dalian, China. US$ 6.35 Most expensive cities Frankfurt US$ 377.14 Bangkok US$ 340.51 Houston US$ 325.00 Chicago US$ 279.00 Miami US$ 275.00 Cheapest cities Shenzhen US$ 12.54 New Delhi US$ 12.01 Colombo US$ 9.55 Algiers US$ 6.86 Dalian US$ 6.35 HR teams can apply the cost of living index to an expatriate’s net income, to assess whether it provides a fair cost of living allowance for their overseas assignment. Ernst & Young Issue 07 T Magazine 25
Page 1 and 2: T Magazine 07 Magazine Tax insight
Page 3 and 4: Stephan Kuhn Your feedback We work
Page 5 and 6: Global tax news A roundup of recent
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Page 15 and 16: 80% of graduates want to work inter
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Page 19 and 20: which the employee is left to fend
Page 21 and 22: Credit: Philippe Schlienger Human A
Page 23: Living costs The relative costs of
Page 27 and 28: Credit: Reuters / Punit Paranjpe Av
Page 29 and 30: who live in several countries throu
Page 31 and 32: Credit: Muir Vidler Expatriate post
Page 33 and 34: The importance of family integratio
Page 35 and 36: factors were economic opportunities
Page 37 and 38: Videoconferencing, as it was envisi
Page 39 and 40: Credit: Cisco Pics Virtual technolo
Page 41 and 42: Credit: Diageo / Tim Bishop • By
Page 43 and 44: paid while on assignment, they need
Page 45 and 46: Sacha Sadan __ Director of Corporat
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Page 49 and 50: Biography A clinical professor of l
Page 51 and 52: Comments If you would like to conta

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