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The annual Mercer’s cost of living survey “measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household good,s and entertainment,” according to its website.
Your wallet will be happy to know that of the 143 cities measured, Miami barely cracks the top 50. Coming in at #45, however, that is a substantial 30-spot jump from last year’s #75 ranking. That ranking also makes it one of the more expensive cities in the Americas.
Globally, Tokyo and Osaka took the top two spots. In the Americas, New York City, Caracas, Los Angeles, White Plains, and San Francisco make up the region’s top five most expensive cities.
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