Mercer announces the places with the highest annual salaries, lowest inflation rates

Zambia’s Lusaka came out on top in a ranking released Wednesday by Mercer Human Resource Consulting, which ranks 45 different cities on the basis of salary expectations and the cost of living. Lusaka’s inflation…

Mercer announces the places with the highest annual salaries, lowest inflation rates

Zambia’s Lusaka came out on top in a ranking released Wednesday by Mercer Human Resource Consulting, which ranks 45 different cities on the basis of salary expectations and the cost of living. Lusaka’s inflation rates were highest at 9.6 percent last year.

By contrast, Oslo, Norway, came in second place, with an inflation rate of 1.5 percent and a salary expected to pay for eight days of the local accommodation and goods basket. Third place went to Copenhagen, Denmark, and fourth went to Sydney, Australia.

The full list of the cheapest cities for expats can be found here.

The findings revealed also set off a discussion about why a city’s cost of living sometimes exceeds a country’s actual purchasing power. Singapore, which came in at No. 47, is home to the world’s highest salaries at $12,588 per month, but may have limited mobility and opportunities due to limited transportation and an abundance of dwelling units. Dubai came in at No. 53 on the list, but where most people use private transport and can only afford four bedrooms, while most expats in the city receive three-bedroom apartments and no air conditioning.

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