asia
A recent ranking saw four Japanese cities in the top 10, with Hong Kong, Taipei, Seoul, and Kuala Lumpur also making the list.
Furthermore, the nature of the world’s economy today has indeed had a direct impact on quality of living. Many employees are, in turn, reconsidering their priorities and assessing their work-life balances, wherein the places in which they live and work and the quality of life they can have there with their families is of high importance.
Against this backdrop, Mercer has released its Quality of Living 2023 ranking, which assesses the practicalities of daily life for expatriates and their families working outside of their home location.
In addition, Vienna maintained its position as the top-ranked city globally this year, with Zurich closely behind in second place. Auckland and Copenhagen secured third and fourth place, respectively.
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Singapore got to the top of the list (29th in the world) among Asian countries because it has great infrastructure that is kept in great shape. There are four big towns in Japan: Yokohama, Tokyo, Osaka, and Nagoya. They were ranked 47th, 50th, 58th, and 63rd, in that order. According to the ranking, these towns are known for their cutting-edge technology, good public transportation, and rich cultural history.
Also, Seoul and Busan, South Korea’s two biggest cities, came in at 81st and 95th place, respectively, on the list of the top 10 Asian cities based on their quality of life.
The remaining ten Asian megacities are:
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Hong Kong (77th),
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Taipei, Taiwan (82nd),
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Kuala Lumpur, Malaysia (86th), and
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Taichung, Taiwan (95th).
What effect does this have on luring talent and firms from abroad?
A location’s appeal to employers and employees is influenced by factors other than only the standard of living it offers, such as cost of living.
Related link: Asian Countries To Become The New China
Generally speaking, nations and cities work hard to draw in foreign companies, as well as remote workers and digital nomads. Right now, the most prosperous places are those that offer a good quality of life, a fair cost of living, and flexible government for mobile talent.
The relationship between cost and standard of life in a few global cities is displayed below.
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Kuala Lumpur, Malaysia: Quality of living ranking of 86 and cost of living ranking of 203
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Singapore: Quality of living ranking of 29 and cost of living ranking of 3
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Hong Kong: Quality of living ranking of 77 and cost of living ranking of 2
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New Delhi, India: Quality of living ranking of 172 and cost of living ranking of 168
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Hanoi, Vietnam: Quality of living ranking of 167 and cost of living ranking of 162
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Mumbai, India: Quality of living ranking of 164 and cost of living ranking of 139
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Jakarta, Indonesia: Quality of living ranking of 148 and cost of living ranking of 156
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Manila, the Philippines: Quality of living ranking of 135 and cost of living ranking of 133
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Bangkok, Thailand: Quality of living ranking of 124 and cost of living ranking of 113