Istanbul is the 15th most expensive city…

According to Mercer Human Resource Consulting 2006 survey here is the the most 15 expensive cities (the second numbers belong to last year’s rankings). Here is a related news from CNN…

1 4 MOSCOW Russia
2 5 SEOUL South Korea
3 1 TOKYO Japan
4 9 HONG KONG Hong Kong
5 3 LONDON United Kingdom
6 2 OSAKA Japan
7 6 GENEVA Switzerland
8 8 COPENHAGEN Denmark
9 7 ZURICH Switzerland
10 10 OSLO Norway
10 13 NEW YORK CITY United States
12 15 ST.PETERSBURG Russia
13 11 MILAN Italy
14 19 BEIJING China
15 22 ISTANBUL Turkey

1 Comment so far

  1. Celal (unregistered) on June 28th, 2006 @ 5:15 pm

    Hello Erkan,

    The current thinking is that the TL is overvalued.

    So Istanbul’s cost of living ranking might start slipping down from 15 toward 22 again as the currency undergoes the devaluation which is expected to happen.



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