Mercer cost of living survey 2024: According to a survey conducted by HR consultancy Mercer, Mumbai, the financial capital of the country and home to the Hindi film industry. It continues to hold its position as the most expensive city in the country for expatriates.Mercer cost of living survey 2024 The survey highlights that Mumbai is particularly expensive when it comes to personal care, energy and utilities, transportation, and housing rentals, based on Mercer’s 2024 Cost of Living survey. On a global scale, Hong Kong remains the most expensive city. Interestingly, both Mumbai and Delhi have witnessed a significant increase in their cost of living, with Mumbai climbing several spots to become even more expensive. Official statement of Mercer on Mercer cost of living survey 2024. In the ranking, Mumbai has surged 11 places to secure the 136th position, while Delhi has climbed four spots to 164.On the other hand, Chennai has slipped five places to 189. Bengaluru has dropped six spots to 195, and Hyderabad has maintained its position at 202. In the meantime, Pune has experienced a rise of eight spots to 205, and Kolkata has advanced four spots to 207. In the Asian context, Mumbai is positioned as the 21st most expensive city, with Delhi following closely in the 30th spot among the locations surveyed. Despite the prevailing global economic challenges, India has exhibited resilience in our 2024 Cost of Living Survey. Even with the increase in Mumbai’s ranking, the overall affordability of Indian cities continues to be a major attraction for multinational organizations or Indian companies seeking to lure global talent. Our robust economy, fueled by domestic demand and a thriving services sector, offers a secure environment for global talent. With the escalating global housing costs and inflation, India’s growth narrative and enhanced living standards render it a compelling choice for international assignments,” stated Rahul Sharma, India Mobility Leader at Mercer.
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