By Jeanne Sahadi
CNNMoney.com senior writer
NEW YORK (CNNMoney.com) -- If your boss wants to transfer you to Moscow this year, he'd better offer you a fair sum to do so - or even a downright handsome one depending on where you live now. That's because Moscow has just been designated the world's most expensive city for the second year in a row by Mercer Human Resource Consulting.
Using the cost of living in New York as a base, Mercer determined Moscow is 34.4 percent more expensive after taking into account the cost of housing, transportation, food, clothing, household goods and entertainment.
"The appreciation of the ruble against the U.S. dollar, combined with ever-increasing accommodation charges, has driven up costs for expatriates in Moscow," Mercer research manager Nathalie Constantin-Metral said in a statement.
A luxury two-bedroom in Moscow now rents for $4,000 a month; a CD costs $24.83, and an international newspaper, $6.30, according to Mercer. By comparison, a fast food meal with a burger is a steal at $4.80.
Read more on CNN website. Click on the extended post to watch a Russia Today TV video on this topic.
Moscow is the most expensive city in the world for expats, and getting more expensive for natives as well
Comments
I am glad Oslo is further down on the list :-)
Posted by: SOLOVEI | June 20, 2007 9:45 AM
Most of "Russian" blog sites are Anti-Russian and commented by American young bloggers, how about this one???----USA destroyed USSR when the finantial councellor of Reagan discovered how the Soviet system financed itself, Russia owned 5 private banks in Europe, US blocked the currency transfers between them and with the help of the Saudis kept the price of Oil (main export of the Soviets) at an alltime low for two years turning the Soviet system Bankrupt, then US tried to take control of Russian Oil production, resources and economy corrupting the leaders (actual Oligarchs) teaching them how to take the Russian resources for their own profits.----This is why when V.Putin came to power, turned Kodokorsky to Jail to prevent him from selling the shares of Lukoil to American Oil multinationals, and this way save the Russian economy and its main resource saving what was left for the Russian nation and its people.
Posted by: Joe Walton | July 17, 2008 7:35 PM
Nice aticle about expensive life in Moskow, how about one on how to survive in same with 50 US dollars a month equivalent, ever tried???
Posted by: Ygorsky | July 17, 2008 7:41 PM