Auckland and Wellington: Value for Money

By | June 30, 2010

30 June 2010

In the latest Mercer Cost of Living Survey Auckland and Wellington have emerged as two of the cheapest cities in the world to live in.  Auckland came in 149th place and Wellington in 163rd place, beating all Australian cities surveyed in offering value for money.

There were 214 cities in the global study with Tokyo and Osaka (Japan) coming in the top 10 most costly cities and Karachi, Pakistan (214) coming in at the most affordable city to live in.

The Mercer survey measures the comparative cost of more than 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.  It is used to help multinational companies and governments determine compensation allowance for their expatriate employees.

New Zealand was ranked more affordable than Australian cities in the study, including Sydney (24) Melbourne (33), Brisbane (55), Perth (60) and Canberra (74).

Mercer senior researcher Nathalie Constantin-Metral said New Zealand and Australia remain cost competitive countries for companies sending staff to the Asia Pacific region for expansion; particularly when compared to the cost of living in Japan, China, Hong Kong and Singapore (all in the top 20 most costly cities).

Costly cities
1 Luanda, Angola
2 Tokyo, Japan
3 Ndjamena, Chad
4 Moscow, Russia
5 Geneva, Switzerland
6 Osaka, Japan
7 Libreville, Gabon
8 Zurich, Switzerland
8= Hong Kong
9 Copenhagen, Denmark

Most affordable
205 Windhoek, Namibia
206 Tegucigalpa, Honduras
207 Kolkata/Calcutta, India
208 Addis Ababa, Ethiopia
209 Bishkek, Kyrgyztan
210 Ashkhabad, Turkmenistan
211 La Paz, Bolivia
212 Islamabad, Pakistan
212 Mangua, Nicaragua
214 Karachi, Pakistan

Ref: www.nzherald.co.nz/business/news/article