Lagos Named Among The Most Expensive Cities In The World, See Top 10 List

 
Expensive
Cities – The Angolan capital Luanda has knocked last year’s most
expensive city, Hong Kong off the top spot in an annual survey by Mercer
Consulting to emerge the most expensive city in the world.
Mercer’s
annual Cost of Living survey is designed to help multinational
companies and governments determine compensation allowances for their
expatriate employees.


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.
The survey includes 209 cities
across five continents and measures the comparative cost of more than
200 items in each location, including housing, transportation, food,
clothing, household goods, and entertainment.
At the top of the
list, this year is Angolan capital Luanda. It is not all of a surprise
anyway as this the second time in three years that Luanda topped the
survey.

Luanda was judged to be the costliest city due to the expense of goods and security.
Luanda’s
rise notwithstanding, countries in Asia and Europe were still found to
have the most expensive cities, with Hong Kong in second place, followed
by Tokyo, Zurich, and Singapore respectively.
Switzerland is Europe’s most expensive country, with its three cities in the top 10: Zurich, Geneva, and Bern.
UK
cities have all dropped down the rankings since last year as a result
of the pound weakening against the US dollar following the Brexit vote.
London ranks 30th (falling 13 places), Aberdeen 146th (falling 61) and
Birmingham 147th (falling 51).

This year’s survey found that
factors like the instability of housing markets and inflation for goods
and services contributed to the overall cost of doing business in
today’s global environment.
In Africa, Luanda is followed by
Victoria in the Seychelles ranking 14th, N’Djamena in Chad 16th, and
Kinshasa in the Democratic Republic of the Congo 18th.


Surprisingly, the commercial capital of Nigeria Lagos is 29th on the list and not among the top five African cities that are very expensive.
The
survey also looked at the cheapest cities in the world and Tunis, the
capital of Tunisia, Bishkek, the capital of Kyrgyzstan, and Skopje, the
capital of the Republic of Macedonia, are among the most inexpensive for
expats.
Check out the List of the most expensive and least expensive cities in the world.

World’s 10 most expensive cities

1. Luanda, Angola
2. Hong Kong, Hong Kong
3. Tokyo, Japan
4. Zurich, Switzerland
5. Singapore, Singapore
6. Seoul, South Korea
7. Geneva, Switzerland
8. Shanghai, China
9. New York City, US
10. Bern, Switzerland

Lagos made number 29

World’s 10 least expensive cities

200. Minsk, Belarus
201. Karachi, Pakistan
202. Sarajevo, Bosnia, and Herzegovina
203. Monterrey, Mexico
204. Tbilisi, Georgia
205. Blantyre, Malawi
206. Windhoek, Namibia
206. Skopje, Macedonia
208. Bishkek, Kyrgyzstan
209. Tunis, Tunisia