London in Top 10 List of World’s Most Expensive Cities

London has entered the top 10 list of most expensive cities to live in, according to a financial services industry ranking. The British capital is now ranked 8th, just behind New York City, in Mercer’s 2024 cost-of-living city index published on Monday, jumping nine places from last year. Hong Kong and Singapore retained the top and second spots from last year respectively, followed by four Swiss cities: Zurich, Geneva, Basel, and Bern. New York City is in seventh place, then London, Nassau in the Bahamas, and Los Angeles in the United States. Mercer, a business of Marsh McLennan, compiles the data to help multinational businesses plan compensation packagers for employees working overseas and said the increase was due to factors including rental prices and general cost-of-living expenses....