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São Paulo and Rio vault up list of most expensive cities for expats

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More woe for expats living in Brazil.

The country’s two biggest cities are getting more and more costly and are more expensive places to live in than New York, according to the annual cost of living study released today by business consulting firm Mercer.

São Paulo was rated the 10th most expensive city in the world to live in and Rio de Janeiro was ranked 12th. That’s a big jump from last year, when São Paulo was 21st and Rio was 29th.

New York was the highest placed US city in 32nd, ahead of Los Angeles (77th) and Chicago (108th).

The top five most expensive cities for ex-pats are:

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