Bangkok Falls to 129th in Mercer’s 2024 Global Cost of Living Rankings for ASEAN Cities

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:

  1. Hong Kong
  2. Singapore
  3. Zurich, Switzerland
  4. Geneva, Switzerland
  5. Basel, Switzerland
  6. Bern, Switzerland
  7. New York, USA
  8. London, England
  9. Nassau, Bahamas
  10. Los Angeles, USA

For ASEAN countries, the top 10 cities, ranked from highest to lowest cost of living compared to 2023, are as follows:

  1. Singapore (rank unchanged)
  2. Phnom Penh, Cambodia (rank 123, up 9)
  3. Bangkok, Thailand (rank 129, down 24)
  4. Manila, Philippines (rank 131, up 2)
  5. Jakarta, Indonesia (rank 157, down 6)
  6. Hanoi, Vietnam (rank 172, down 16)
  7. Brunei (rank 176, down 4)
  8. Ho Chi Minh City, Vietnam (rank 178, down 14)
  9. Yangon, Myanmar (rank 183, up 21)
  10. 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.

The original version of this article appeared on our sister website, The Pattaya News, owned by our parent company TPN media.

Tanakorn Panyadee
The Latest Local News Translator at The Pattaya News. Aim is a twenty-two year old who currently lives and studies in his last year of college in Bangkok. Interested in English translation, story-telling, and entrepreneurship, he believes that hard-working is an indispensable component of every success in this world.