The Angolan
capital Luanda has knocked Hong Kong off the top spot in an annual survey by
Mercer Consulting that ranks the cost of living for expatriate workers in
world
cities.
Lagos, the
commercial capital of Nigeria is ranked 29th and is not even among the top five
African cities that are very expensive.
According to
Reuters, the survey found the cost of renting a two-bedroom apartment suitable
for expatriates in Luanda was £4,800 ($6,055) per month, while a fast food
hamburger meal priced at £11.50.
It was the
second time in three years that Luanda topped the survey, which compares the
costs of housing, transport and clothing in 209 cities.
While Luanda
rose, all UK cities fell significantly in this year’s rankings which were
released on Wednesday, with 30th-ranked London dropping 13 places from 2016.
The survey,
conducted by global consulting firm Mercer, suggested that the country’s vote
to leave the European Union had played a role in the drop by causing the value
of sterling to fall.
For those in
the market for a cheaper expatriate experience, the survey found the least
expensive cities are Tunis, ranked 209th, followed by Kyrgyzstan capital
Bishkek and Skopje in Macedonia.
Top 10
1. LUANDA,
Angola
2. HONG KONG
3. TOKYO,
Japan
4. ZURICH,
Switzerland
5.
SINGAPORE,
6. SEOUL,
South Korea
7. GENEVA,
Switzerland
8. SHANGHAI,
China
9. NEW YORK,
U.S.
10.
BERN,Switzerland
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