World's most expensive city for expatriates

Oslo, Norway ranks as the world's most expensive city for expatriates, according to a new survey by ECA International, a global human resources consultancy firm. In the top 10, seven of the planet's priciest cities lie in Europe, two are found in Africa, while just one rests in Asia.

The rise of Norway's capital to the top spot knocks Tokyo, Japan off the position it has claimed since 2010. This year, Japan's capital ranks as the world's sixth priciest city for overseas workers.

"Prices in Oslo tend to be more expensive compared to other parts of the world (because of) the cost of production and labor," says Lee Quane, Regional Director, Asia for ECA International. "Services include dry cleaning, shoe repair, hair dressing - items which are more labor intensive - meals eaten out at restaurants as well. We also see the impact of taxes. For example alcohol and tobacco is relatively expensive."

According to ECA International data for Oslo, a movie ticket costs the equivalent of $18.76, a beer at a bar costs $14.10, while a soda will set you back $3.43.


/CNN/