Hong Kong has been ranked as the most Expensive city in the world for expats for the second year in a row, according to Mercer's 2023 Cost of Living Ranking. New York remains the most expensive city in North America, followed by Los Angeles, San Francisco, and Honolulu. The cost of living has increased in all American cities analyzed, with Detroit, Houston, and Cleveland seeing the greatest increases. However, it's important to note that cost of living is just one factor to consider when looking to move abroad, as it doesn't necessarily correlate with quality of life.

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