Switzerland always was a very expensive place for foreigners that do not have a  Swiss salary or work there because they are not paid with euros. But this year, the small country has become the most expensive place for foreigners because of the strong Swiss franc. Zurich is Europe’s most expensive location for expatriates, according to ECA International, the world’s leading provider of knowledge, information and technology for the management and assignment of employees around the world.

“The relative strength of the franc has contributed to Switzerland becoming the most expensive country surveyed in both Europe and in the world,” said Steven Kilfedder from ECA.

London moves into the European top 10 rankings of expensive cities in Europe due to the strong pound

Central London has moved into the top ten most expensive cities in Europe to 9th position, up four spots from last year.  Cities throughout the United Kingdom have climbed the rankings with Edinburgh moving to 13th in Europe, up from 30th last year. Cardiff has also moved into Europe’s top 20 most expensive locations rising to 15th place, up 23 places from 38th position in 2014.

The euro’s depreciation is the reason why Paris has fallen from 47th place to 68th while Munich falls out of the global top 100 to 110th place, down 43 places from last year.

 

Top 20 most expensive cities in Europe for international assignees

 

Country Location Europe Rank 2015 Europe Rank 2014 Global Rank 2015
Switzerland Zurich 1 3 1
Switzerland Geneva 2 4 2
Switzerland Bern 3 5 3
Switzerland Basel 4 6 4
Norway Oslo 5 1 11
Norway Stavanger 6 2 17
Denmark Copenhagen 7 7 19
Finland Helsinki 8 9 31
United Kingdom Central London 9 13 45
Sweden Stockholm 10 10 49
United Kingdom Outer London 11 26 58
Sweden Gothenburg 12 11 61
United Kingdom Edinburgh 13 30 66
France Paris 14 12 68
United Kingdom Cardiff 15 38 74
United Kingdom Glasgow 16 39 79
Germany Berlin 17 14 83
United Kingdom Manchester 18 42 84
Belgium Brussels 19 15 86
United Kingdom Belfast 20 45 95

 

 

Top 30 most expensive cities worldwide for international assignees

Country Location Global Rank 2015 Global Rank 2014
Switzerland Zurich 1 4
Switzerland Geneva 2 5
Switzerland Bern 3 6
Switzerland Basel 4 7
Angola Luanda 5 1
Democratic Republic of the Congo Kinshasa 6 11
China Shanghai 7 12
China Beijing 8 13
Hong Kong Hong Kong 9 26
Korea Republic Seoul 10 8
Norway Oslo 11 2
Japan Tokyo 12 10
Guinea Conakry 13 36
China Guangzhou 14 30
United States of America Manhattan NY 15 38
China Shenzhen 16 45
Norway Stavanger 17 3
Singapore Singapore 18 24
Denmark Copenhagen 19 9
Israel Tel Aviv 20 22
Argentina Buenos Aires 21 121
Israel Jerusalem 22 25
Papua New Guinea Port Moresby 23 28
Korea Republic Busan 24 21
Gabon Libreville 25 14
Japan Yokohama 26 18
Japan Nagoya 27 20
United States of America New York NY 28 55
Macau Macau 29 99
United States of America Honolulu HI 30 52