Corporate Housing BlogCity Spotlight › New York, L.A. Among Priciest Cities for Placing Workers

Five U.S. cities are among the top 15 in a new ranking of the most expensive global cities in which to accommodate employees with housing and office space. New York, San Francisco and Los Angeles are in the top 10.

The rankings are from international real estate adviser Savills, which maintains a Live-Work Index comparing total housing and office rental costs per capita in leading cities around the world.

New York is now No. 1, knocking London out of the top spot after two and a half years. The reason for London’s fall? The decline of the British pound after the “Brexit” vote to leave the European union, lowering London costs by 11 percent in the first half of 2016. Meanwhile, the cost of putting up a worker in New York grew 2 percent, to about $114,000 annually.

Los Angeles freeway and skyline.

Zooming along: the cost of putting workers in Los Angeles.

Los Angeles costs going up

Expenses in Los Angeles have grown 3 percent since December 2015, hitting about $50,000 annually, while costs in San Francisco have held steady at about $66,000, according to Savills.

Here’s a more detailed look at Savills’ most expensive world cities for housing and office space for a worker.

Rank City Costs per worker,
July 2016
Change since
Dec. 2015
1 New York $114,010 2%
2 Hong Kong $100,984 1%
3 London $100,141 -11%
4 Tokyo $85,332 22%
5 Paris $82,881 6%
6 San Francisco $66,269 0%
7 Singapore $61,335 1%
8 Dubai $53,913 -7%
9 Sydney $50,768 3%
10 Los Angeles $50,215 3%
11 Miami $49,947 2%
12 Lagos $45,818 -27%
13 Chicago $45,457 2%
14 Dublin $45,147 11%
15 Moscow $43,966 -9%
16 Shanghai $42,578 -3%
17 Berlin $29,933 7%
18 Mumbai $28,592 1%
19 Johannesburg $20,905 -1%
20 Rio de Janeiro $19,189 14%

Source: Savills World Research

Looking for temporary housing for employees in New York, Los Angeles and elsewhere? Check rates and availability on CorporateHousing.com:

About Mark Edelen:

Welcome. I'm Mark, the organic SEO analyst for CorporateHousing.com, After55.com and ForRentUniversity.com. I'm here to share tips for business travelers from our partners at ForRent.com. You'll find me on Twitter, tweeting about search and digital media trends, @MarkEdelen.

Comments

  1. James Tucker says:

    I have 1200sf Guest house (two BR’s,downstairs and a Loft Bedroom that has a double bed, A twin bed., and a half bath upstairs. A carport is contiguous to the guest house.
    The unit does not have a dishwasher, nor laundry facilities.
    Is that a game-changer??
    The guest house is separated from the main house by a two car garage which has a laundry room.
    We intend to list the main house as well.

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