The 2012 Mercer Worldwide Cost of Living Survey was released today, backing up what a lot of Canberrans probably already suspected.
Our fine city climbed 11 places up the ranking, taking it from 34th to 23rd most expensive in the world, ahead of somewhat larger cities such as London and New York, but still behind the likes of Sydney, Melbourne and Perth.
Of course it’s worth keeping in mind that most international cost of living surveys are designed to determine the cost of living for expatriate employees, and are not terribly relevant for gauging the costs incurred by locals.