For the third year n a row Luanda is the most expensive city in the world for expatriates, according to the 21st cost of living survey conducted by consulting firm Mercer and published Wednesday in New York.
The study issued by Mercer reports that “despite Luanda being recognised as a relatively inexpensive city, the cost of imported goods and living conditions for security in the country are available at a very high price.”
The study covers 207 cities across five continents with over 200 items to be compared at each location, including housing, transport, food, clothing, home goods and entertainment.
The 10 most expensive cities in the world are Luanda, Hong Kong, Zurich, Singapore, Geneva, Shanghai, Beijing, Seoul, Bern and N’Djamena.
In Luanda, a two-bedroom apartment with two bedrooms has an average monthly rent of US$6,800 and US$15,800 for three bedrooms, values that compare, for example, to US$6,576 and US$11,863, respectively, in Hong Kong and US$3,963 and US$5,892 in Zurich. (macauhub/AO)