New York and Singapore Lead the World's Most Expensive Cities for Expats, According to Annual Report

New York overtook Hong Kong as the most expensive city for expats
Singapore climbed 8 spots due to soaring rents and now ranks 2nd in Asia
Nearly all Asian cities fell in the rankings, signaling lower costs of living for expats
Istanbul saw the biggest rise, climbing 95 spots due to an 80% increase in prices
ECA International's annual report analyzed costs of living in 207 cities across 120 countries and territories