The 10 Most Expensive Cities in the World

Every year, consulting group Mercer surveys the cost of housing, food, transportation, entertainment and other expenses in 214 cities across the globe in an effort to help companies craft compensation allowances for expatriate employees. Here’s a look at the 10 cities that ranked as the most expensive for 2011, as well as a sampling of what basic items in each city will cost you. Note: The expenses listed are only a handful of the 200 items Mercer surveyed. Survey compares all cities to New York and measures currency movements against the U.S. dollar. The 214 cities surveyed are based on demand. Photo Source: Reuters