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These Are the World’s 20 Most Expensive Cities for Expats

Hong Kong is the world’s most expensive city to live in as an expat for the second year in a row.

Hong Kong is the world’s most expensive city to live in as an expat for the second year in a row.

Photographer: Bertha Wang/AFP/Getty Images

Hong Kong is the world’s most expensive city to live in as an expat for the second year in a row, according to a new study. New York and Geneva took second and third place in the rankings.

Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International, which carried out its research in March this year. London and Tokyo round out the top five.