Expatriates don’t always have a choice of where they’re assigned to work, but they definitely need to know the cost of living in their assignment location. If your salary is paid by a US company, for example, that salary might put you at a huge disadvantage if you are working and living in Tokyo, Japan, which happens to be the most expensive city in the world for expats. (The news for Germany is much better.)
Companies with employees assigned to overseas locations usually offer some sort of cost-of-living allowance to supplement the increased costs. So even if you are going to an overseas location by your own choice, without company support, you need to know how the cost of living there compares to your current or home location. But how do you get that information? One excellent source is the xpatulator.com website, from which we derived the rankings discussed here.
It may surprise you to learn that, except for New York City, Honolulu, Anchorage, San Jose and San Francisco, most cities in the United States of America have a far lower cost of living than places in Asia, Europe, Africa, South America – and even Canada! My own hometown of Reno, Nevada ranks 455th out of 780. Most places in the southern states of the US rank much lower than that. READ MORE »