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2020 Mercer Cost of Living Survey - rankingComparing the cost of living in different cities is not an easy task as many factors influence. Mercer’s Cost of Living Survey studies factors such as currency fluctuations, cost inflation of goods and services and instability of accommodation prices, which it deems essential for determining the cost of expatriate packages for employees on international assignments.

Highest cost of living

Hong Kong tops the list of most expensive cities for expatriates, followed by Ashgabat, Turkmenistan in second position. Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. New York City ranked sixth, moving up from ninth place.

Competitive cost levels in Luxembourg

Three European cities, all located in Switzerland, are among the top 10 list of most expensive locations: Zurich (4) remains the most costly European city, followed by Bern (8) and Geneva (9).

Luxembourg is ranked 83rd, which is low compared to cities in neighbouring countries. Paris ranks 50th, Amsterdam 64th, Munich 72nd and Frankfurt 76.

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Rebuilding the economy for a sustainable future

13-08-2020

Sustainability is one of the major market trends identified by Luxinnovation that will shape the post COVID-19 economy. Head of Market Intelligence Sara Bouchon speaks about how the increased awareness of sustainability issues brought by the coronavirus crisis will influence both policy makers’ choices and consumers’ preferences in the next few years.
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How digitalisation will drive growth and transform society

12-08-2020

Digitalisation is one of the four megatrends identified by Luxinnovation that will radically transform business and society after the COVID-19 crisis. Market Intelligence Analyst Mohamed Toumi provides insights into how companies will need to transform their activity in the coming years to retain a competitive edge.
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Luxembourg will host the European space resources innovation

11-08-2020

A cooperation agreement was signed between the Luxembourg Space Agency (LSA) and Luxembourg Institute of Science and Technology (LIST) in view of the creation by the end of 2020, in Luxembourg, of a European Space Resources Innovation Centre, called ESRIC in abbreviated form.
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Luxembourg passport 4th best in the world

27-07-2020

Luxembourg passport holders are among those that have the most freedom to travel in the world. They can access 188 different countries without having to apply for a visa in advance.
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Luxembourg 3rd best city for expats

22-07-2020

Luxembourg City ranks 3rd in the world among the most attractive locations for expatriates. The ranking focuses on financial aspects and lifestyle.
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