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GLOBAL/WORLD COST OF LIVING RANKINGS 2006/2007

§ Moscow replaces Tokyo as world’s most expensive city; Asuncion

in Paraguay is the cheapest

§ Most Eastern European cities have dropped sharply in the rankings

§ Many US cities have risen in the rankings due to the strength of

the dollar

§ London drops two places to rank fifth

June 2007: The 2007 rankings & Table of the Top 50

March 12, 2007: Oslo heads the 2007 Economist Intelligence Unit's latest Worldwide Cost of Living survey; Dublin is 20th most expensive of 132 cities

Those travelling on a budget would do well to avoid Europe, according to Economist Intelligence Unit's latest Worldwide Cost of Living survey (click link above).

Tokyo, unseated last year as the world's most expensive destination by Oslo, has now also been overtaken by Paris, Copenhagen and London. Jon Copestake, the survey's editor, comments: "The strength of European currencies plays a large part, but prices in Europe are also rising whereas those in Japan have been almost static".

June 26, 2006: Moscow has replaced Tokyo as the world’s most expensive city,

according to the latest Cost of Living Survey from Mercer Human Resource Consulting, the global leader for HR and related financial advice. Seoul is in second place, climbing three places since last year. Tokyo moves down two positions in the rankings to take third place, followed by Hong Kong. Asuncion in Paraguay remains the least expensive city in the survey.

Ha'penny Bridge, Dublin - the city is the 18th most expensive of 144 cities in the world, down from 13th in 2005. The fall is largely explained by exchange rate movements. On March 15, 2005, the $/€ rate was 1.337; on the same day a year later, the rate was 1.197 - a fall of 10.5%. So an item for €100 in Dublin in March 2005 would have cost $134; a year later, the cost would have been $119, ignoring inflation.

One feature of property rents in Dublin is that they have generally remained unchanged since 2000.

Many Irish people have invested in residential property, lured by prices which have risen by 270% in ten years - average rise of 14.9% each year. The investors have achieved paper capital gains but the oversupply has kept rents static (see comparison table at bottom of page).

With New York as the base city scoring 100 points, Moscow scores 123.9 and is nearly three times costlier than Asuncion, which has an index of 43.5.

Mercer’s survey covers 144 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is the world’s most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowances for their expatriate employees.

“We have seen significant shifts in the cost of living rankings over the past few years, reflecting a changing global market. For many companies it can now be more expensive to send employees to work in Russia or Korea than places like Japan or Switzerland which are often perceived to be more costly,” commented Rebecca Powers, a Senior Consultant with Mercer’s international business. She added: “More companies are now sending employees on expatriate assignments, so there is a greater need to keep pace with the cost of living changes. Employers need to be proactive in managing their expatriate programs to ensure they receive a proper return on their investment and employees are compensated fairly.”

There have been some significant changes in the rankings this year which are primarily due to exchange rate fluctuations, in particular the strengthening of the US dollar.

Europe

Moscow is the most expensive city in Europe and in the rest of the world, with a score of 123.9. “Steep accommodation costs have contributed to the city’s high ranking, as the recent property boom has driven up rental prices for expatriates,” said Anna Krotova, Senior Researcher at Mercer.

London is the second most expensive city in Europe and ranks in 5^th position (score 110.6). “While prices have actually increased slightly over the last year, the strengthening of the dollar against the pound means London has dropped two places since last year,” said Ms. Krotova.

Other costly European cities include Geneva in 7^th place (103), Copenhagen in 8^th (101.1) and Zurich in 9^th (100.8) – all have been pushed down one place this year. Oslo remains in 10^th place with a score of 100 while St. Petersburg is in 12^thposition (99.7).

Ms Krotova commented: “The Euro has weakened against a number of currencies, for example the Canadian and US dollars, reducing the cost of living for expatriates in many European countries.”

Kiev in Ukraine has moved up from 54^th position to reach 21^st place (score 89.8). This is mainly due to the appreciation of the local currency, the Hryvna, against the US dollar, together with general price increases. Many other Eastern European cities have dropped sharply in the ranking due to the devaluation of local currencies against the US dollar. For example, Prague has fallen 22 places to rank 50^th with a score of 82.1.

Leipzig is Europe’s cheapest city in 123^rd position with a score of 68.1.

The Americas

New York remains the most expensive city in North America and climbs three places to 10^th position (score 100). Currency appreciation is the main reason for this, although price increases in fuel and certain consumer goods have also contributed to New York’s rise in the rankings. Other high-ranking cities include Los Angeles in position 29 (86.7), San Francisco in 34^th place (85) and Chicago in 38^thposition (84.1). Washington DC takes 83^rd place (77). Winston Salem is the cheapest US city surveyed, ranked 124^th (66.7).

“The strengthening of the US dollar against the European and other major currencies is a large contributor to the rise of most US cities in the rankings,” commented Ms Powers.

Though still relatively inexpensive and benefiting from stable inflation, Canadian cities continue to move up the rankings due to the strength of the Canadian dollar. Toronto is the most expensive city in Canada and moves up from 82^nd to 47^th place (82.6). Ottawa remains the least expensive Canadian city but has climbed 32 places from 122^nd to 90^th (75.6).

Sao Paulo and Rio de Janeiro are the most expensive cities in Latin America moving up from 119^th and 124^th positions to 34^th and 40^thplace respectively. These movements are due to the strong appreciation of the Brazilian Real against the US dollar (more than 20 %), which has occurred as a result of solid economic growth and increased foreign investment over the last two years, together with reduced public debt and high interest rates. In particular, the cost of international-standard accommodation has risen significantly in these cities.

Asuncion in Paraguay remains the least expensive city globally, in 144^th position with a score of 43.5. Other cheap cities include Buenos Aires, Montevideo and Caracas in 142^nd place (score 54.8.), 138^th (56.5) and 136^th (57.2) respectively.

Puerto Rico has experienced high inflation during the last year which, together with the strength of the country’s currency (US dollar), means San Juan is the costliest city in Central America and the Caribbean in 55^th position (score 81.4). San Jose is the least expensive in 134^th place (58.1). Santo Domingo in the Dominican Republic is in 126^th position (65.3) and has dropped 27 places due to the depreciation of the Dominican Peso against the US dollar.

Asia

Three of the world’s ten costliest cities are in Asia, with Seoul moving up from 5^th to second place. While Tokyo has lost its title of the world most expensive city because of currency fluctuations between the Japanese Yen and the US dollar, it still ranks highly and takes third place. Hong Kong is in 4^th position.

“Chinese cities have moved up slightly in the rankings as the value of the Yuan renminbi is now pegged to a number of currencies rather than just the US dollar,” said Ms Krotova. Beijing is in position 14 (score 94.9) followed by Shanghai in 20^th place (91.2).

Australasia

Auckland and Wellington have dropped in the rankings this year to positions 100 and 105 respectively (scores 72.9 and 71.1) due to the significant devaluation of the New Zealand dollar against the US dollar. Sydney is still the most expensive city in the region at 19^th place with a score of 91.3. Melbourne occupies 74^th place (78.8) while Brisbane is in 99^th position (73.2).

China Domestic Cost-of-Living Report released in March 2007 by Mercer Human Resource Consulting shows:

Beijing, Shanghai, Shenzhen are the cities with the highest cost of living in China
Shenzhen, Ningbo, Foshan are the cities with the highest cost of living amongst cities located outside of the direct jurisdiction of the central government and those provincial capital cities
Yinchuan, Luoyang, Xining are the cities with the lowest cost of living in China

Mercer's China Domestic Cost-of-Living Report, based on basket of goods and services which reflects the habits of Chinese consumers, has investigated more than 200 items from ten different categories of living expenses in food, alcohol and tobacco, domestic supplies, clothing, housing and accommodation, transportation as well as entertainment. The survey covered a total of 59 cities, including all the cities under the direct jurisdiction of the central government, the provincial capitals and main economically developed cities in China.

Mercer's China Domestic Cost-of-Living Report is the most comprehensive Cost-of-Living survey conducted in China, and can be used by companies to calculate Cost of Living Allowances for their employees. The Cost of Living Allowance is an allowance arranged for employees under cross-city assignments, and the purpose is for companies to compensate the cost difference between the home cities and host cities. This is especially useful for companies who have operations in different locations across China.

The survey also found that:

The Pearl Delta area has the highest cost of living in China. Three out of the top ten cities with the highest cost of living are in the Pearl Delta. These are Shenzhen, Guangzhou and Foshan, where the cost for household services is generally higher than that of Beijing, and the cost for transportation is generally higher than that of Shanghai.

The cost of living for the cities located in the north western part of China is not necessarily lower than that in the cities located in the eastern part of China. Guiyang and Chongqing are also amongst the top ten cities with the highest cost of living, while Lasa and Urumqi respectively rank 17th and 22nd, as the cost for alcohol and tobacco, as well as for transportation are higher than those of Beijing and Shanghai.

The northwest has the lowest cost of living in China. This is due to the cost for clothing, sports and entertainment in Yinchuan, Xining and Lanzhou being significantly lower than in Beijing and Shanghai.

Mercer Human Resource Consulting
Cost of Living Survey - Worldwide Rankings 2006
Rankings				COL Index
March 2006	March 2005	City	Country	March 2006	March 2005
1	4	MOSCOW	Russia	123.9	119
2	5	SEOUL	South Korea	121.7	115.4
3	1	TOKYO	Japan	119.1	134.7
4	9	HONG KONG	Hong Kong	116.3	109.5
5	3	LONDON	United Kingdom	110.6	120.3
6	2	OSAKA	Japan	108.3	121.8
7	6	GENEVA	Switzerland	103	113.5
8	8	COPENHAGEN	Denmark	101.1	110
9	7	ZURICH	Switzerland	100.8	112.1
10	10	OSLO	Norway	100	105.3
10	13	NEW YORK CITY	United States	100	100
12	15	ST.PETERSBURG	Russia	99.7	99.5
13	11	MILAN	Italy	96.9	104.9
14	19	BEIJING	China	94.9	95.6
15	22	ISTANBUL	Turkey	93.1	93.8
15	12	PARIS	France	93.1	102.2
17	34	SINGAPORE	Singapore	92	88
18	13	DUBLIN	Ireland	91.8	100
19	20	SYDNEY	Australia	91.3	95.2
20	30	SHANGHAI	China	91.2	90.4
21	17	ROME	Italy	89.8	97.3
21	54	KIEV	Ukraine	89.8	84.5
21	16	VIENNA	Austria	89.8	97.8
24	39	TEL AVIV	Israel	89.7	87.6
25	20	HELSINKI	Finland	87.8	95.2
25	73	DUBAI	United Arab Emirates	87.8	77.8
27	22	DOUALA	Cameroon	87.6	93.8
28	29	TAIPEI	Taiwan	86.8	90.6
29	44	LOS ANGELES	United States	86.7	86.7
30	64	ABU DHABI	United Arab Emirates	86	81
31	96	LAGOS	Nigeria	85.5	72.8
32	52	BEIRUT	Lebanon	85.4	84.6
32	50	HANOI	Vietnam	85.4	84.9
34	119	SAO PAULO	Brazil	85	66.6
34	50	SAN FRANCISCO	United States	85	84.9
36	18	STOCKHOLM	Sweden	84.8	96.8
37	56	HO CHI MINH CITY	Vietnam	84.2	83.8
38	52	CHICAGO	United States	84.1	84.6
39	57	MIAMI	United States	83.9	83.3
40	124	RIO DE JANEIRO	Brazil	83.5	65.4
41	123	LUSAKA	Zambia	83.4	65.6
41	24	AMSTERDAM	Netherlands	83.4	93.3
43	45	WHITE PLAINS	United States	83.2	86.6
44	63	SHENZHEN	China	82.9	81.3
45	26	ABIDJAN	Cote d’Ivoire	82.8	93
45	36	DAKAR	Senegal	82.8	87.9
47	82	TORONTO	Canada	82.6	76.2
48	71	JAKARTA	Indonesia	82.4	78.9
48	31	BRATISLAVA	Slovak Republic	82.4	89.9
50	28	PRAGUE	Czech Republic	82.1	90.8
51	58	ALGIERS	Algeria	82	81.9
52	75	ALMATY	Kazakhstan	81.9	77.6
53	46	MADRID	Spain	81.6	86
54	65	GUANGZHOU	China	81.5	80.6
55	74	SAN JUAN	Puerto Rico	81.4	77.7
56	87	VANCOUVER	Canada	81.2	74.3
56	43	BARCELONA	Spain	81.2	86.9
56	33	LUXEMBOURG	Luxembourg	81.2	88.2
59	41	ATHENS	Greece	81.1	87.2
60	40	GLASGOW	United Kingdom	80.7	87.5
61	34	FRANKFURT	Germany	80.5	88
62	67	AMMAN	Jordan	80.4	80.1
62	32	DUSSELDORF	Germany	80.4	88.4
62	27	WARSAW	Poland	80.4	91.5
65	37	MUNICH	Germany	80.2	87.8
65	24	BUDAPEST	Hungary	80.2	93.3
67	61	HONOLULU	United States	80	81.4
68	105	MUMBAI	India	79.9	70.8
69	47	BIRMINGHAM	United Kingdom	79.7	85.8
70	41	BRUSSELS	Belgium	79.5	87.2
71	98	CALGARY	Canada	79.3	72.5
72	38	BERLIN	Germany	79.2	87.7
73	110	NEW DELHI	India	79	69.9
74	68	MELBOURNE	Australia	78.8	80
75	91	ACCRA	Ghana	78.6	73.6
76	70	HOUSTON	United States	78.5	79.1
77	49	HAMBURG	Germany	78.2	85
78	72	KUWAIT CITY	Kuwait	78	78.3
79	48	ZAGREB	Croatia	77.7	85.2
80	107	MONTREAL	Canada	77.6	70.7
81	54	RIGA	Latvia	77.2	84.5
81	95	MEXICO CITY	Mexico	77.2	73.1
83	78	WASHINGTON	United States	77	77.4
84	80	MORRISTOWN	United States	76.8	76.9
84	79	BOSTON	United States	76.8	77
86	83	ATLANTA	United States	76.3	76.1
87	86	MANAMA	Bahrain	76.1	74.5
88	59	CASABLANCA	Morocco	75.9	81.6
88	66	LISBON	Portugal	75.9	80.2
90	122	OTTAWA	Canada	75.6	66.4
91	128	SANTIAGO	Chile	74.5	64.8
91	61	LYON	France	74.5	81.4
93	108	GUATEMALA CITY	Guatemala	74.3	70.4
93	97	CAIRO	Egypt	74.3	72.5
93	93	PERTH	Australia	74.3	73.5
96	60	TALLINN	Estonia	73.7	81.5
97	94	DENVER	United States	73.6	73.2
98	88	RIYADH	Saudi Arabia	73.5	74.1
99	84	BRISBANE	Australia	73.2	74.9
100	89	JEDDAH	Saudi Arabia	72.9	73.9
100	69	AUCKLAND	New Zealand	72.9	79.6
102	103	SEATTLE	United States	71.9	71.4
103	115	MONTERREY	Mexico	71.6	67.7
103	102	ST. LOUIS	United States	71.6	71.6
105	76	WELLINGTON	New Zealand	71.1	77.5
106	76	LJUBLJANA	Slovenia	71	77.5
107	119	NAIROBI	Kenya	70.9	66.6
108	89	ADELAIDE	Australia	70.6	73.9
109	105	KINGSTON	Jamaica	70	70.8
110	109	CLEVELAND	United States	69.8	70.3
111	112	PORTLAND	United States	69.7	68.8
111	81	SOFIA	Bulgaria	69.7	76.3
113	111	PITTSBURGH	United States	69.4	69.2
114	117	KUALA LUMPUR	Malaysia	69.3	67.1
114	103	BUCHAREST	Romania	69.3	71.4
116	91	VILNIUS	Lithuania	69.2	73.6
117	116	JOHANNESBURG	South Africa	69.1	67.4
118	100	LIMASSOL	Cyprus	68.7	71.9
118	118	LIMA	Peru	68.7	66.9
118	113	BANDAR SERI BEGAWAN	Brunei	68.7	68.5
121	114	PANAMA CITY	Panama	68.5	68.3
122	101	DETROIT	United States	68.3	71.8
123	85	LEIPZIG	Germany	68.1	74.8
124	119	WINSTON SALEM	United States	66.7	66.6
125	129	TEHRAN	Iran	66.4	64.4
126	99	SANTO DOMINGO	Dominican Republic	65.3	72.3
127	125	BANGKOK	Thailand	64.9	65.3
128	131	TIANJIN	China	63.6	62.5
129	130	BLANTYRE	Malawi	63.1	62.7
130	133	BOGOTA	Colombia	62.7	62.7
131	127	DACCA (DHAKA)	Bangladesh	62.5	62.5
132	132	COLOMBO	Sri Lanka	61.4	60
133	126	TUNIS	Tunisia	60.7	65.2
134	135	SAN JOSE	Costa Rica	58.1	58
135	137	QUITO	Ecuador	57.4	54.6
136	138	CARACAS	Venezuela	57.2	54.4
137	138	CHENNAI (MADRAS)	India	56.7	54.4
138	140	MONTEVIDEO	Uruguay	56.5	53.5
139	141	BANGALORE	India	56.4	51.7
140	136	KARACHI	Pakistan	56.1	56.1
141	143	MANILA	Philippines	56	49.8
142	142	BUENOS AIRES	Argentina	54.8	50.3
143	134	HARARE	Zimbabwe	50.9	58.4
144	144	ASUNCION	Paraguay	43.5	40.3

Individual reports are produced for each city surveyed. For further information or to purchase copies of the city reports, visit www.mercerHR.com/costofliving, or call Mercer Global Information Services, Geneva on +41 22 869 3000.

Methodology:

The figures for Mercer’s cost of living comparisons are based on a survey conducted in March 2006. The 2006 comparisons are based on a similar survey conducted in March 2005. The information is used by governments and major companies to protect the purchasing power of their employees when transferred abroad. The choice of cities surveyed is based on the demand for corresponding data from companies and governmental organizations.

Mercer Human Resource Consulting is a global leader for HR and related financial advice and services, with more than 15,000 employees serving clients in more than 190 cities and 40 countries and territories worldwide. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago, Pacific and London stock exchanges.

Exchange rates used in the table of cost comparisons below:

1 GBP = 1.75 USD

1 GBP = 1.46 EUR

Cost of living comparisons in £s – 2006

Selected cities worldwide (1 GBP = 1.46 EUR)

(NB purchases at medium-priced establishments)

	London	Dublin	Paris	Rome	Amster dam	Berlin	Ath ens	Brus sels	Mad rid	Pra gue
Rent of a luxury two bedroom unfurnished apartment (per month)	1700	824	1303	926	926	720	721	652	892	754
Bus or subway ride	2.00	1.03	0.96	0.69	1.10	1.44	0.55	1.03	0.75	0.41
Music CD	11.99	14.06	11.65	14.58	15.08	12.34	13.03	13.70	13.72	14.44
1 issue of international daily newspaper	1.10	1.37	1.37	1.37	1.78	1.44	1.23	1.37	1.71	1.20
1 cup of coffee, including service	1.90	2.06	1.51	1.51	1.71	1.71	2.88	1.51	1.58	2.17
Fast food hamburger meal	4.50	4.05	4.12	3.91	4.46	3.26	4.97	3.77	4.18	2.89

	Warsaw	Zagreb	Tokyo	Beijing	Sydney	New York	Buenos Aires	Johanne sburg	Vancou ver
Rent of a luxury two bedroom unfurnished apartment (per month)	754.	754	2352.	1528	1104	1998	571	553	804
Bus or subway ride	0.43	N.A.	1.32	N.A.	1.06	1.14	0.15	N.A.	1.13
Music CD	13.52	13.60	12.25	12.08	11.03	10.77	6.88	17.01	10.61
1 issue of international daily newspaper	1.80	N.A.	0.74	2.49	1.63	0.93	2.60	2.21	1.88
1 cup of coffee, including service	1.98	2.35	1.47	2.42	1.49	2.26	0.84	1.29	1.63
Fast food hamburger meal	2.79	2.58	2.99	1.46	2.74	3.43	1.58	1.84	2.79

Source: Mercer Human Resource Consulting

Within the Cost-of-Living Report:

1. City-to-City Index Comparison

Mercer's cost-of-living indices are designed for today's multinational companies who transfer employees to and from a multitude of countries. Our unique international basket of goods and services is the result of extensive research of actual expatriate spending habits, allowing our indices to reflect a reality-based international expenditure pattern.

Mercer provides three cost-of-living indices to accommodate differences in shopping habits:

The reversible Mean-to-Mean Index is the best indicator of overall differences in prices between two locations as it compares the mean prices(average price of each item) in the base city to the mean prices in the host city.
The Efficient Index applies to a relatively experienced shopper and compares the average of the low and mid prices in the base city to the mean prices in the host city.
The Convenience Index applies to a less experienced shopper or a newcomer in the location and compares the average of the low and mid prices in the base city to the high prices in the host city, except for selected categories for which it compares mean base prices.

Our indices are composed of the following categories and are weighted according to our research results:

Alcohol and tobacco
Clothing and footwear
Domestic services
Food at home
Food away from home

Health and personal care
Household supplies
Sports and leisure
Transportation
Utilities

2. Spendable Income Tables

The Spendable Income Tables refer to the typical amount an employee spends on goods and services in his/her home country. Used in conjunction with our COL indices, they support you in determining appropriate cost-of-living allowances.

These reality-based Spendable Income Tables are based on national statistics for major countries. The tables are broken down by income level and family size, from single employees to those who are married with four children.

International Spendable Income Tables: compensating employees from low income countries

If the spendable income portion of a salary is too small, no index can adjust it to make it sufficiently competitive.

To address this problem, Mercer has developed International Spendable Income Tables, which allow companies to substitute non-competitive home country spendable income with benchmark spendable income levels.

The International Spendable Income Tables provide you with the ability to develop competitive spendable incomes for your employees wherever they come from, while allowing you to keep a consistent "home country" compensation approach.

3. Home Country Housing Norms

These tables provide the hypothetical amounts that employees normally spend on housing in their home country and are used to determine the employee’s contribution towards housing costs in the host country. Tables are broken down by income level and family size, from single employees to those who are married with four children.

4. Expatriate Accommodation Cost Tables

Mercer's host city accommodation tables are designed to assist you in determining the housing allowance for your employees when transferred abroad. Housing rental cost is provided in three tables (described below) for each host location.

Tables by area provide detailed prices for different sized apartments and houses; furnished and unfurnished; in good, very good and the best residential areas.
Tables by income level and number of bedrooms provide expatriates’ monthly rental costs for an apartment with 1 to 4 bedrooms or for a house with 3 to 4 bedrooms.
Tables by income level and family size provide an average accommodation rental cost by family size, including both apartments and houses.

5. Education Cost Tables

Mercer's education cost tables provide accurate information on tuition and other fees for a number of different schools: International, German, French, Italian, English, American, Japanese and Scandinavian.

6. Business Travel Expense Tables

Mercer's travel expense tables provide a daily allowance rate, which represents typical daily costs for employees on business trips. The data refers to hotels, meals, taxis and other miscellaneous expenses.

7. Actual Price List

The full price list supporting the COL index ensures that our process is completely transparent. It allows you to rapidly assert, for example, why city A is 20% more expensive than city B.

Fee Schedule

(The report includes: city-to-city index comparison, spendable income table, home country housing norms, expatriate accommodation costs, education costs, business travel expenses and actual price list.)

View Sample City

Click for the Finfacts Price Comparison Page

Click for the Mercer Human Resource Consulting Site

Mercer Human Resource Consulting, one of the world’s leading consulting organisations, helps employers create measurable business results through their people. With more than 13,000 employees serving clients from some 150 cities in 40 countries worldwide, the company is part of Mercer Inc., a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago, Pacific, and London stock exchanges.

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^{CITY
PRICE COMPARISONS 2005}

	DUBLIN	LONDON	PARIS	NEW YORK	TOKYO
Wine (750 ml table wine	€7.99	€7.43	€3.75	€6.38	€8.03
Bread (1kg)	€1.26	€1.26	€2.00	€1.76	€3.83
Potatoes (2kg)	€2.58	€2.76	€2.50	€1.42	€4.73
CDs (music	€19.95	€17.88	€19.00	€13.14	€14.15
Phone rental (1 month)	€18.15	€15.90	€13.00	€21.17	€19.66
Two bedroom apartment ( 1 month's rent)	€1,400	€2,088	€2,250	€2,023	€4,735
€-EURO

Source: Economist Intelligence Unit

Click for 2007 Quality of Life City Rankings