São Paulo is the 152nd most expensive city to live in (Image: Rovena Rosa)
According to the survey, five Brazilian cities are among the most expensive cities in the world cost of living 2023, by Mercer Consulting. Sao Paulo leads the ranking and improved by 16 places in the overall ranking compared to 2022.
In this year’s edition, the overall ranking is led by Hong Kong, followed by Singapore and Zurich. São Paulo is 152nd overall.
The study analyzes the price development and evaluates more than 200 items among the goods from consumption and services in 227 cities on five continents.
The city of new York is used as the base city for all city ranking comparisons and currency movements are measured against it dollar American.
“It’s important to remember that inflation and the exchange rate have a direct impact on comparing the cost of living between cities,” stresses Inaê Machado, Director of Mobility for Brazil and CoDirector of the Center of Interest for LATAM.
Check out the five Brazilian cities ranked:
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Check out the 10 most expensive cities to live in
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