Dublin is the most expensive city for the cost of living for expatriates in the Eurozone.
A new study by Mercer says the cost of accommodation is "one of the main factors influencing Dublin's high ranking".
Hong Kong is the most expensive city in the world for expatriates, followed by Tokyo (2) and Singapore (3).
Dublin, in 43rd place overall, moves down 11 places but remains the highest ranked Eurozone city followed by Milan (45), Paris (47) Vienna (51), Rome (55) and Amsterdam (58).
The Swiss cities of Zurich (5), Bern (12) and Geneva (13) lead as the most costly cities in Europe.
Dublin is more expensive for expatriates than Paris | Image: Gao Jing/Xinhua News Agency/PA ImagesThe world's least expensive cities for expatriates are Tunis (209), Tashkent (208) and Karachi (207).
As the survey uses New York as a base city, weakened European currencies against the US dollar is driving western European cities down in this year's rankings.
These falls have been more pronounced in Eurozone locations, while cities in the UK saw more modest drops.
Outside Europe
Mercer's 25th annual Cost of Living Survey finds that eight out of the top 10 of the world's most expensive cities for expatriates are Asian cities, resulting from high costs for expatriate consumer goods and a dynamic housing market.
Cities in the United States climbed in the rankings due to the strength of the US dollar, as well as the significant drop of cities in other regions.
New York jumped four places to rank nine, the highest-ranked city in the region.
San Francisco (16) and Los Angeles (18) climbed 12 and 17 places, respectively, while Chicago (37) jumped 14 places.
Although most Canadian cities remained stable, the country's highest-ranked city, Vancouver (112), dropped three places.
Toronto (115) dropped six spots, while Montreal (139) climbed eight spots.
And Australian cities continued to fall in the ranking due to the depreciation of the local currency.
Sydney (50), Australia's most expensive ranked city for expatriates, dropped 21 places. Melbourne (79) and Perth (87) also had similar drops.
Noel O'Connor is a senior consultant at Mercer.
He says: "One of the main factors influencing Dublin's high ranking relative to other Eurozone cities, is the cost of rental accommodation.
"High demand coupled with supply constraints in the private rental market mean that expatriates may face serious problems finding appropriate rental accommodation, often the biggest cost for companies placing employees on assignment".
"Eurozone cities have seen a marked fall in their rankings due to a weakened euro against the US dollar.
"However, the position within the Eurozone when it comes to cost of living, remains relatively stable compared to 2018."
"Looking ahead, as the potential effects of Brexit continue to evolve, Dublin has an opportunity to expand the availability of rental accommodation to help improve its ranking.
"Nevertheless, Dublin remains an attractive location for multinational organisations".
