Luanda, the capital of Angola in Southern Africa is the world’s most expensive city to live in for expatriates, according to Mercer‘s latest annual cost of living survey. The city has regularly come in at Number 1 in recent years, except in 2012 when it was ousted by Tokyo. Imported products and services that ensure safe living in Luanda were very expensive. For example, an average fast food meal in the city costs $17 and jeans $250, while the monthly rent on a safe apartment averages out at $6,800.
The Top 10 cities with the highest cost of living were Luanda, Hong Kong, Zurich, Singapore, Geneva, Shanghai, Beijing, Seoul, Bern, and N’Djamena, the capital of Chad.
Due to the devaluation of the euro against the USD many European cities ranked lower this year. For example, Paris and Milan ranked 46th and 53rd, respectively, down 19 and 23 places compared to last year. But the situation was the opposite in the US because the surging dollar increased the cost of living for foreigners.
For more information about the rankings, click here.