This is the No. 1 most expensive city in the world (it’s NOT in the U.S.)

In today’s global economy, a growing number of people are choosing to move across the world for work. But depending where you end up, your cost-of-living could be radically different.

Hong Kong was rated the most expensive city in the world for the second straight year, according to the annual Cost of Living Survey from human resource consulting firm Mercer MMC, +0.42% Overall, East Asia was the costliest region for expatriate workers, representing eight of the 20 most expensive cities.

Mercer’s survey examined the cost of living in 2,089 cities across the world, based on the cost of housing, transportation, food, clothing, household goods and entertainment.

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