10 Most Expensive Cities When Living Abroad You'll need deep pockets in Hong Kong By Arden Dier, Newser Staff Posted Jun 22, 2016 11:23 AM CDT 15 comments Comments A sunset is seen over Victoria Harbor in Hong Kong on June 21, 2016. (AP Photo/Kin Cheung) (Newser) – One great reason to refuse that work transfer to Hong Kong: It might cost you an arm and a leg. The city tops Mercer's 2016 Cost of Living Rankings of the world's most expensive cities for expatriates, based on the costs of housing (typically rentals), transportation, currency fluctuation, food, and entertainment, per 24/7 Wall St. The annual survey is pegged at employers trying to figure out expenses for workers living abroad. New York City is the most expensive US city at the No. 11 spot, while San Francisco and Los Angeles come in at No. 26 and 27, respectively. The top 10: Hong Kong Luanda, Angola Zurich, Switzerland Singapore Tokyo, Japan Kinshasa, Democratic Republic of Congo Shanghai, China Geneva, Switzerland Ndjamena, Chad Beijing, China Click for the full list or compare to this list of costly cities.