China is the most populated country in the world and therefore, its GDP is also the highest among all the countries.
Taking all these points into consideration, the cost of living in first-tier cities in China has also been increasing day by day and has now paved way among the highest in the world.
The country is growing rapidly and so is the cost of living. The cities where the cost of living is high include Beijing, Shanghai, Shenzhen. Generally, Beijing high living cost mainly for its house rent and the expensive traffic fee.
In China, The areas of lowest living cost include Yingchuan, Luoyang, Xining, these cities all located in northwest China. Living in these cities could reduce the cost of living.
The areas of normal living cost include many middle cities, like Chengdu, Xi’an, Xia’men and so on. The burden of cost on the people living in these areas is much lower than that of people in first-tier cities.
Talking about other countries, Hong Kong has passed Luanda and has taken the top position as the world’s most expensive city for expatriates. Shanghai is on the 7th spot, while Beijing being on the 9th on the list.
Further, Shenzhen and Guangzhou took 12th and 15th places respectively. The particular survey by consulting company Mercer includes more than 375 cities throughout the world and measures the comparative cost of more than 200 items in each location. The cost includes housing, transportation, food, clothing, household goods and entertainment.