Sunday, September 29, 2013
Luanda beats Tokyo as costliest expat city
The Angolan capital Luanda has regained the top spot in an annual survey of the most expensive cities for expatriates, followed by Moscow and Tokyo. The survey by the Mercer consulting group is published annually to help companies assess compensation allowances for expatriate workers.
“Despite being one of Africa’s major oil producers, Angola is a relatively poor country yet expensive for expatriates since imported goods can be costly,” said Barb Marder, a senior partner at Mercer.
“In addition, finding secure living accommodations that meet the standards of expatriates can be challenging and quite costly.”
Moscow’s high costs for rentals and imported goods accounted for its second-place finish, with a luxury unfurnished two-bedroom apartment in Moscow costing $4,600 a month and a cup of coffee $8.29.
Tokyo was the third most-expensive city in the survey, followed by Chad’s capital N’Djamena, Singapore, Hong Kong, Geneva, Zurich, Bern and Sydney.
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