However, Thailand’s capital was named 129th among the costliest cities globally, dropping by 24 places from last year’s ranking.
The top three costliest cities for international workers were Hong Kong, Singapore and Zurich, the same positions in the rankings that they held last year.
In addition to Hong Kong and Singapore, the other most expensive cities in Asia included Shanghai (23), Beijing (25) and Seoul (32).
Mercer pointed out that there were many economic factors that triggered an impact on the cost of living in major cities. Inflation and exchange-rate fluctuations are directly affecting the pay and savings of internationally mobile employees, the company said.
It added that heightened economic and geopolitical volatility, as well as local conflicts and emergencies, have led to additional expenses in such areas as housing, utilities, local taxes and education.
