Every quarter AIRINC provide data points update on our cost-of-living research including housing, goods & services, tax and research locations. This quarter’s cost of living research was conducted primarily in North America, Central and South America, the Middle East, Africa, and maritime Southeast Asia-Pacific

HOUSING UPDATE

• United States: In many high-cost US metro areas, especially on the east and west coasts, rents have fallen or remained flat since August....
• United Arab Emirates [RISING]: Dubai rents increased again for Q1 as demand for villas is high and the supply is still limited....
• Singapore [RISING]: Tenants and rental agents have noted that there is high demand from all sectors and levels as the expatriate population continues to grow....

GOODS AND SERVICES UPDATE

• Following a 7.8 magnitude earthquake in February, the Turkish government declared a three-month long state of emergency in the 10 worst affected provinces....

• See Goods and Services Inflation

• See Selected locations with inflation higher than 5% for 6 months

• United States: At the Federal level for 2023, there have been inflation-indexing adjustments to tax brackets and the standard deduction.... read more for notable state tax developments
• Belgium: Inflation-indexing has been applied to deduction maximums, the income splitting amount, tax credits based on family size, other credits, and tax brackets....
• Singapore: There are two new top marginal rates, 23% and 24%, assessed at taxable incomes of SGD 500,000 and SGD 1,000,000, respectively....