Hong Kong, the world’s least-affordable city, took the No. 4 slot in Asia, with firms shelling out $276,417 to international employees. Add-on benefits over and above salary were the highest in the region.
only just squeezes into the top 10. The city-state, known for its low taxes, good schooling and easy outdoor lifestyle, mean companies don’t need to offer as many other bells and whistles.
On balance, it’s still better to be based in Asia as an expat, the ECA study found. Packages in the U.S. averaged just $250,028. In Australia, seen as a dream destination for many because of its wide open spaces and coastal cities, packages were $266,848.
Topping the list globally was the U.K., with an average expat package of $421,798.
“The rise in accommodation costs was partly responsible, with housing and rental prices rising throughout the U.K.,” Quane said. “This was particularly the case in Central London, a location that has long attracted high numbers of expatriate workers.”
ECA’s survey canvased more than 280 companies in 160 countries and over 10,000 international assignees. Data was collected in late 2018.