City

: Since 2013, when Moscow was ranked the world second most expensive city for expats, living costs in the Russian capital have fallen steadily, according to The Moscow Times. St. The change in rank has been driven largely by the ruble dramatic fall in value against the U.S. dollar. Petersburg, another popular city for expats in Russia, has seen an even more dramatic decline since 2013, when it was ranked 23rd. Hong Kong took first place in the survey, followed by Angolan capital Luanda. On this year ranking, the city took 152nd place. (news.financializer.com). As reported in the news.