Singaporean Entrepreneurs

By ranking … Singapore is not one of them! The $ stated below is in US$:

1. Moscow
2. Seoul
3. Tokyo
4. Hong Kong
5. London
6. Osaka
7. Geneva
8. Copenhagen
9. Zurich
10. Oslo, New York (tied)

The survey uses New York City, ranked No. 10, as its cost base — scoring it at 100. Then it compares the prices of more than 200 items, including housing, household goods, food, entertainment and transportation in 144 cities around the globe.

Mercer found that Moscow costs 24 percent more than Gotham, while Asuncion, the perennial last-place finisher, costs about 56 percent less than life in the five boroughs.

In the United States,
the most expensive cities are New York, Los Angeles (No.29 worldwide), San Francisco (No. 34) and Chicago (No. 38).

In Latin America,
Sao Paulo (also ranked No. 34) and Rio de Janeiro have the highest cost of living, while in in Asia, the most expensive cities are Seoul, Tokyo and Hong Kong (No. 4).

In Eastern European,
Budapest (No. 65) and Prague (No. 50) who that don’t use the euro dropped in the rankings from last year as local currencies fell against the dollar.

In Australasia,
Sydney at No. 19 remains the costliest city, far ahead of Melbourne (No. 74) and Brisbane (No. 99).

The cheapest cities in the world are Paraguay’s Asuncion, Zimbabwe’s Harare, Buenos Aires, Manila, Pakistan’s Karachi, India’s Bangalore and Uruguay’s Montevideo.

To give a sense of just what life costs in various cities, Mercer priced out the cost of a two-bedroom unfurnished apartment, a cup of coffee served, a fast food meal and an international paper. In Moscow, the apartment will run you $3,000, the coffee $5.27, the paper $3.40, and the burger with fries $3.87. By contrast, Buenos Aires provides a better deal price-wise, to say nothing of warmer temperatures. You can nab the apartment for $999, the coffee for $1.47, the paper for $4.55 and the happy meal for $2.77.