BUSINESS

Cost Of Living: Paris Is Not So Costly For Living

You have the impression of ruin you for your stay in Paris? To empty your wallet as soon as you go to a restaurant or bar Parisien? And yet, many cities in the world are much more expensive. This is what shows the 25th International survey on the cost of living for expatriates conducted by Mercer, a company specializing in the Council in human resources.

This study compares the prices of the products of the current life, housing, transport, in 209 major cities of the planet. On average, count 39 centimes per liter of mineral water in Paris against 5 Euros in Buenos Aires (Argentina), or still 78 cents the can of 33 cl of Heineken beer against 2.71 euros in Sydney (Australia).

Do you find the price of the square meter exorbitant in Paris? So do not live in Hong Kong! For a two-bedroom apartment between 80 and 120 m2 in the French capital, an expatriate must pay EUR 2 600 of rent, against 7 900 euros in the Chinese city. Three times more!

In the Classification, Paris is the 47e city the most expensive in the world for the expatriates, far behind Hong Kong, therefore, but also Tokyo (Japan) and Singapore who occupy the three places on the podium. But in the eyes of the expatriates, the City of Light costs yet the eyes of the head.

Paris

This is notably the case for Elizabeth, 19 years, a young girl to the American pair installed among us since nine months: “What has me the most marked in arriving, c is the cost to exit in the bars or nightclubs,” she says while she walks on the outskirts of the Eiffel Tower.

Paris is less expensive… Thanks to a decline of the euro

The Top 10 is occupied by 8 Asian cities. Only Zurich (Switzerland, 5e) and New York (United States, 9e) their take head. How to explain this Asian domination? “Simply by the level of availability of goods and services of housing in a dynamic and growing market,” says Jean-Philippe Sarra, responsible for the activity International mobility at Mercer.

The euro is also for something. In effect, the European currency” has lost nearly 9 percent against the dollar, which reflects a decrease logic of European cities in this classification,” he continues. As Paris, which was 34th last year.

“Paris is not directly become less expensive, it is the euro which decrease in relation to the dollar and this, therefore, results in the decline of the French cities ranking in this,” says Jean-Philippe Sarra. Brief for the American Elizabeth, this could even be worse! In terms of security, expatriates pay very expensive in some countries their security, which place the cities of Africa at the top of the ranking, such as Luanda, 26e.

In the capital of Angola, a bread (slices of bread grilled white 1000 g) has blown bought in a store of the secure camp costs 11,87 euros on average. Five times more than in a Parisian shop. In the capital of Angola, a bread (slices of bread grilled white 1000 g) has blown bought in a store of the secure camp costs 11,87 euros on average. Five times more than in a Parisian shop.

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Timothy Hill

My name is Timothy, I am a financial blogger who keeps up with all the new trends in the world of business, stock market, and industry growth, I hope you enjoy my articles.

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