Calgary isn’t as expensive to live in as some of our neighbors to the east, but it isn’t cheap either.
According to Mercer’s annual cost of living index, Calgary is the third most expensive city in Canada.
In a shake-up at the top, Toronto has dethroned Vancouver as the country’s most expensive city.
- You might also like:
- Here are five of the most expensive homes for sale in Calgary right now (PHOTOS)
- Calgary is one of the least valuable cities to buy real estate in Canada
Toronto jumped nine places in the world rankings and is now the 89th most expensive city in the world. Vancouver came in at 108th, down from 93rd in June 2021. Calgary ranks 141st in the world.
“While Canada continues to be a relatively affordable place to live and an attractive destination for remote workers, like other advanced economies, it is experiencing significant price increases for goods and services,” said Nicole Stewart, Senior Director, Career at Mercer Canada.
The cost of living index assesses the price of more than 200 goods and services, including food, transportation and housing, while looking at factors such as currency fluctuations and cost inflation.
“Amplified by the global health crisis and the conflict in Ukraine, soaring inflation and currency volatility are affecting international economic balances and the cost of living for all of us,” reads the report.
Mercer ranked Hong Kong as the most expensive city in the world. Swiss cities complete the top five: Zurich, Geneva, Basel and Bern, respectively.
The cheapest city in the world was Ankara, the capital of Turkey, followed by Bishkek in Kyrgyzstan and Dushanbe in Tajikistan.
Top 5 most expensive cities in Canada:
Top 10 most expensive cities in the world:
- hong kong
- Zürich, Switzerland
- Geneva, Switzerland
- Basel, Switzerland
- Bern, Switzerland
- Tel Aviv, Israel
- New York, United States
- Singapore, Singapore
- Tokyo, Japan
- Beijing, China
Top 10 cheapest cities in the world
- Ankara, Turkey (cheapest)
- Bishkek, Kyrgyzstan
- Dushanbe, Tajikistan
- Islamabad, Pakistan
- Karachi, Pakistan
- Istanbul, Turkey
- Tashkent, Uzbekistan
- Tunis, Tunisia
- Almaty, Kazakhstan
- Algiers Algeria