Rabia Yasmeen, senior analyst at Euromonitor International told Gulf News that "a lot of factors" play a role in determining the
cost of living in different cities.
The cities, which were selected because they had the greatest demand for tech workers, were then ranked according to
cost of living, the number of open tech positions, and projected job growth in the near and midterm, according to the study.
They believe that, going forward, VAT will not have a big impact on the UAE's
cost of living because the recent measures announced by the UAE government such as freezing and reducing certain fees across different sectors of the economy will have a much bigger and positive effect on the finances of UAE residents.
Mercer's survey, designed to show the
cost of living for expatriates, takes into account housing as well as a 200-strong 'international basket of goods and services' including transportation, food, clothing and entertainment.
Figures show that Greece, Slovakia and Czech Republic top the chart with affordable property prices,
cost of living and childcare fees.
The
Cost of Living Committee has recommended the price hike to the Consumer Affairs Authority (CAA), which said the Gazette notification will be issued today.
Figures for Huddersfield showed a comparatively low average monthly salary of PS424 but a comparatively high average monthly mortgage repayment of PS813 - giving it an unfavourable
cost of living rating.
Cost of living topped the list at 35 per cent, unemployment at 20 and hunger at 14.
The Worldwide
Cost of Living report released earlier this week ranked Karachi as the sixth cheapest city in the world of a total 133 cities.
Summary: A new survey showed Beirut ranks as the world's eighth most expensive city in terms of the high
cost of living for expatriates.
(Shutterstock) DUBAI: UAE's Dubai topped the list of most expensive Arab cities in the world with a cost-of-living index of 72.58, according to the 2018
Cost of Living index.
The
cost of living in Kyrgyzstan on the results of 2017 in average made 4 thousand 979 soms,Kabarwith reference to the Kyrgyz National Statistics Committee (NSC) reported.