Menu
08/07/2009
Survey Reveals Dublin Out Of Top 20 Expensive Cities
Dublin has dropped out of the world's top 20 most expensive cities, according to a survey released yesterday.
The Worldwide Cost of Living Survey, published by consultants Mercer, saw Dublin drop to 25th due to falling rents and the recovery of the dollar.
The survey, which covers 143 cities, across six continents, measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.
According to the publishers it is the world’s most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowance for their expatriate employees.
Cities in the US, China, Japan and the Middle East surged in the ranking, with New York a new entry in the top 10, jumping from 22nd to 8th place, while Beijing is now in 9th place, up from 20th in 2008.
Japan now has two cities in the top 10 and Dubai has climbed 32 places to reach 20th.
Nathalie Constantin-Métral, a senior researcher at Mercer, said: "As a direct impact of the economic downturn over the last year we have observed significant fluctuations in most of the world’s currencies, which have had a profound impact on this year’s ranking.
"Many currencies, including the Euro and British pound, have weakened considerably against a strong US dollar causing a number of European cities to plummet in the rankings."
Dublin is now flanked by Guangzhou China in 24th position and Abu Dhabi in the United Arab Emirates in 26th.
(DW/BMcC)
The Worldwide Cost of Living Survey, published by consultants Mercer, saw Dublin drop to 25th due to falling rents and the recovery of the dollar.
The survey, which covers 143 cities, across six continents, measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.
According to the publishers it is the world’s most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowance for their expatriate employees.
Cities in the US, China, Japan and the Middle East surged in the ranking, with New York a new entry in the top 10, jumping from 22nd to 8th place, while Beijing is now in 9th place, up from 20th in 2008.
Japan now has two cities in the top 10 and Dubai has climbed 32 places to reach 20th.
Nathalie Constantin-Métral, a senior researcher at Mercer, said: "As a direct impact of the economic downturn over the last year we have observed significant fluctuations in most of the world’s currencies, which have had a profound impact on this year’s ranking.
"Many currencies, including the Euro and British pound, have weakened considerably against a strong US dollar causing a number of European cities to plummet in the rankings."
Dublin is now flanked by Guangzhou China in 24th position and Abu Dhabi in the United Arab Emirates in 26th.
(DW/BMcC)
Related Irish News Stories
Click here for the latest headlines.
03 December 2024
Dunadry Hotel Unveils New 'Wellbeing Oasis'
The transformation of facilities at the historic Dunadry Hotel and Gardens in Antrim continues with the opening of a thermal Spa Garden, offering a new level in wellbeing and tranquillity.
Dunadry Hotel Unveils New 'Wellbeing Oasis'
The transformation of facilities at the historic Dunadry Hotel and Gardens in Antrim continues with the opening of a thermal Spa Garden, offering a new level in wellbeing and tranquillity.
13 February 2015
Dublin Council Commits To Solar Energy
Dublin City Council is to invest more in solar energy production this year, following a report that showed the city is a suitable location for the renewable energy source. A new 'IBM Smarter Cities Challenge' report has been published by the City Council. It said investing in solar energy production could pay for itself in seven to 13 years.
Dublin Council Commits To Solar Energy
Dublin City Council is to invest more in solar energy production this year, following a report that showed the city is a suitable location for the renewable energy source. A new 'IBM Smarter Cities Challenge' report has been published by the City Council. It said investing in solar energy production could pay for itself in seven to 13 years.
19 March 2019
Dublin Among 20 Most Expensive Cities Worldwide
Dublin has been ranked as the 19th most expensive country in the world. Paris, Hong Kong and Singapore were tied for the top spot in the Economist Intelligence Unit's 2019 Worldwide Cost of Living Survey. This annual index compares the costs of goods and services, including food, transport and rent in 133 cities around the world.
Dublin Among 20 Most Expensive Cities Worldwide
Dublin has been ranked as the 19th most expensive country in the world. Paris, Hong Kong and Singapore were tied for the top spot in the Economist Intelligence Unit's 2019 Worldwide Cost of Living Survey. This annual index compares the costs of goods and services, including food, transport and rent in 133 cities around the world.
19 May 2014
Labour Euro Candidate Launches 'Seven Point Plan'
Labour European election candidate Emer Cotello, has vowed to make Europe work better for Dublin, as she launched a seven point plan as part of election campaign. One-third of Ireland’s population lives in Dublin. An economically vibrant Dublin is therefore vital to Ireland’s overall economic and social well-being.
Labour Euro Candidate Launches 'Seven Point Plan'
Labour European election candidate Emer Cotello, has vowed to make Europe work better for Dublin, as she launched a seven point plan as part of election campaign. One-third of Ireland’s population lives in Dublin. An economically vibrant Dublin is therefore vital to Ireland’s overall economic and social well-being.
30 August 2013
Irishman Secures Broadcasting Rights For World Cup Qualifier
An Irishman has bought the Australian television rights to a World Cup qualifying match between Ireland and Sweden. 38-year-old David Feeney, from Deansgrange in Dublin, but who has been living in Sydney for 16 years, is believed to have paid tens of thousands to buy the rights from a German company.
Irishman Secures Broadcasting Rights For World Cup Qualifier
An Irishman has bought the Australian television rights to a World Cup qualifying match between Ireland and Sweden. 38-year-old David Feeney, from Deansgrange in Dublin, but who has been living in Sydney for 16 years, is believed to have paid tens of thousands to buy the rights from a German company.
-
Ireland WeatherThis Evening and Tonight:Cloud and rain soon clearing away eastwards this evening. Then the rest of the night will be mainly dry with just the odd shower. Winds easing down. Minimum temperature 7 °C.
