Belfast Named One Of UK’s Costliest Cities To Live In
Belfast has been named the fifth costliest UK city to live in.
The Cost Of Living Survey, conducted by Mercer analyses the comparative cost of more than 200 items, including housing, transportation, food, clothing, household goods, and entertainment to rank the cost of living and rental accommodations in over 200 cities across five continents.
Belfast sits at 152 on the list, having jumped up 18 places since last year. It ranks fifth in the whole of the UK, behind London (19), Birmingham (128), Aberdeen (134) and Glasgow (148).
Overall, Hong Kong, Tokyo and Switzerland were found to be the top three costliest cities, respectively. Meanwhile Dublin was named the number one costliest place in the Euro Zone. The Irish capital came 32nd on the list, jumping from 66th place in 2017, now sitting ahead of Milan (33) and Paris (34).
Noel O’Connor of Mercer said: “Whilst all cities in the euro zone have risen in the rankings due to the euro strength against the dollar, Dublin has now overtaken Paris to become the most expensive city in the euro zone, in terms of cost of living for expatriate workers.
“The survey identifies cost pressures on expatriate rental accommodation in Dublin as the key driver and this in turn reflects the growth of the economy, with continuing high levels of foreign direct investment.”