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Focus Living costs Credit: Keystone / Laif / Multhaupt Average monthly rent of 2 bedroom furnished apartment in Tokyo, Japan. US$ 12,331.21 Most expensive cities Tokyo US$ 12331.21 Osaka US$ 8006.60 London US$ 7741.94 Hong Kong US$ 6974.75 New York US$ 6333.33 Cheapest cities Karachi US$ 718.24 Cairo US$ 621.85 New Delhi US$ 596.93 Panama City US$ 291.67 Kathmandu US$ 477.75 Until recent years, the typically low costs of living in many emerging markets made expatriate assignments relatively luxurious. But living costs in many emerging market cities, from Luanda to Moscow to Shanghai, now outstrip New York, the usual baseline city. 26 T Magazine Issue 07 Ernst & Young
Credit: Reuters / Punit Paranjpe Average cost of a tailored men’s business suit in New Dehli, India. US$ 120.11 Most expensive cities Vancouver US$ 2022.11 Tel Aviv US$ 1952.91 São Paulo US$ 1917.79 Milan US$ 1866.67 Brisbane US$ 1840.07 Cheapest cities Dhaka US$ 331.75 Ho Chi Minh City US$ 331.22 Phnom Penh US$ 294.33 Kathmandu US$ 227.50 New Delhi US$ 120.11 The cost of living in a given city is a crucial factor in deciding an expatriate’s pay package, but other factors also matter, not least of which is the local rates of taxes, and or social security provisions. Ernst & Young Issue 07 T Magazine 27
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
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Page 23 and 24: Living costs The relative costs of
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Page 29 and 30: who live in several countries throu
Page 31 and 32: Credit: Muir Vidler Expatriate post
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Page 35 and 36: factors were economic opportunities
Page 37 and 38: Videoconferencing, as it was envisi
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Page 43 and 44: paid while on assignment, they need
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Page 49 and 50: Biography A clinical professor of l
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