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Mercer: Yerevan – The Most Expensive City in the South Caucasus for International Assignments

turism
Arshaluis Mgdesyan
21.01.25 13:45
59

The American consulting firm Mercer has released its annual Cost of Living City Ranking 2024, evaluating the cost of living for expatriates in 226 cities worldwide. According to the study, Yerevan remains the most expensive city in the South Caucasus for international assignments.

The Armenian capital ranked 115th globally, despite dropping 15 positions compared to last year. Meanwhile, Baku climbed six spots to 171st place, and Tbilisi dropped seven positions, landing at 188th.

The ranking's top three cities for the highest cost of living for foreign professionals were Hong Kong, Singapore, and Zurich. The most affordable cities were Islamabad in Pakistan and Lagos and Abuja in Nigeria.

Mercer’s ranking, published by the New York-based consulting company, is considered an authoritative source of information for businesses planning international assignments for their employees.

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