Despite rising four places in ECA's global rankings, Singapore is still ranked lower than it was at its peak in 2016 when it featured at 18th in the ranking.
Hong Kong drops from second to eleventh in the cost of living rankings.
Dublin is now the 72nd most expensive city in the world, overtaking the likes of Abu Dhabi and Silicon Valley.
The cost of employing expatriates in Singapore is significantly cheaper than a year ago
- Expatriate pay and benefit packages rise in Hong Kong, despite salaries falling
- Japan becomes the most expensive place to employ expatriates globally
- India overtakes China to become second in the regional rankings
For several reasons, changing compensation packages as a direct response to currency movements is nearly always a bad idea.
Cost is often the main concern when considering a commuter assignment but the financial implication is far from the only factor that matters when deciding if a commuting arrangement is the best fit.
UK cities more attractive for overseas employers with lowest ever rankings in global Cost of Living Index
It has been a busy time at ECA with our teams analysing and publishing all the data collected from recent surveys - here's a summary highlighting the latest data updates and what else is new!
Taipei is now 33rd most expensive city to live in globally, an increase of 33 places in five years. Kaohsiung rises to 45th on the table, an increase of 88 places in five years.