Luanda (Angola) most expensive expat city

Luanda is the most expensive city for expatriates in the world. It costs more to live in Luanda than in New York, says Mercer’s 2015 Cost of Living Rankings.

VenturesAfrica.com reports about ranking of 207 cities worldwide, based on an assortment of goods and services frequently purchased by expatriates. Luanda has the dubious honor of being most expensive for the third year running. The cost of living in Angola’s city is even higher than that of London and New York.

The Mercer survey shows that expats pay as much as $400 per night for a decent hotel room in the city and up to $75 for a basic lunch in Luanda, Angola’s primary port and major industrial, cultural and urban centre. Angola is currently struggling to fund its budget; growth forecasts have been cut due to falling oil prices.

N’Djamena, the capital of Chad, is also in the top ten of the most expensive cities in the world. The cost of imported goods and the fact that safe living conditions in the country are available only at a steep price, made it the tenth most expensive city in the world. Hong Kong (2), Zurich (3), Singapore (4), Geneva (5), Shanghai (6), Beijing (7), Seoul (8) and Bern (9) are the other cities in the list of most expensive cities for expatriates.

Further reading on venturesafrica.com

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