National —
On June 23rd, 2024, Thai national media reported the results of Mercer’s 2024 global cost of living rankings for 226 cities across all continents, including Europe, South America, North America, Africa, and the Pacific. These findings were published on January 24th, 2024.
The top 10 cities with the highest cost of living are:
- Hong Kong
- Singapore
- Zurich, Switzerland
- Geneva, Switzerland
- Basel, Switzerland
- Bern, Switzerland
- New York, USA
- London, England
- Nassau, Bahamas
- Los Angeles, USA
For ASEAN countries, the top 10 cities, ranked from highest to lowest cost of living compared to 2023, are as follows:
- Singapore (rank unchanged)
- Phnom Penh, Cambodia (rank 123, up 9)
- Bangkok, Thailand (rank 129, down 24)
- Manila, Philippines (rank 131, up 2)
- Jakarta, Indonesia (rank 157, down 6)
- Hanoi, Vietnam (rank 172, down 16)
- Brunei (rank 176, down 4)
- Ho Chi Minh City, Vietnam (rank 178, down 14)
- Yangon, Myanmar (rank 183, up 21)
- Kuala Lumpur, Malaysia (rank 200, down 20)
Several key factors influencing the global economy include inflation and exchange rate volatility, increasing economic and geopolitical instability, and various emergencies affecting utility and other essential expenses within countries, such as electricity, water, taxes, and education costs.
