Mercer said currency trends accounted for many of this year's shifts in city rankings, with the rouble, euro, and several other currencies all gaining against the U.S. dollar and making U.S. cities in general seem comparatively cheaper.
"On the bright side, the U.S. dollar's loss of value may serve to attract globally mobile executives to business centres such as New York, Chicago and Los Angeles," said Mitch Barnes, another principal at Mercer.
"The difference in cost of living can be significant, particularly for those executives with families," he said.
Time and time again I've read that San Diego is an 'expensive' city but coming from Sydney, I barely bat an eyelid. Also with the US Dollar going down, there has never been a better time to move there!
Mercer's 2008 report puts New York City at position #22 on the cost of living chart. It is beaten by (in order) Moscow, Tokyo, London, Oslo, Seoul, Hong Kong, Copenhagen, Geneva, Zurich, Milan, Osaka, Paris, Singapore, Tel Aviv, Sydney, Dublin, Rome, St Petersburg, Vienna, Beijing and Helsinki.
So given NYC is the most expensive place to live in the US, the fact that San Diego is still considered 'expensive' doesn't worry me in the slightest. Getting a decent-paying job is the main aim, and then the cost of living shouldn't matter as much... right? Afterall, it's all relative!
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