Africa Is The Most Expensive Place For Expats To Live

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Africa is the surprise most expensive place to live for expats, taking the top two rankings out of almost 500 cities surveyed.

Then four Swiss cities grabbed four of the top six places in a survey of the priciest places for expats to live by consultancy specialist ECA International.

The Angolan capital Luanda took the top place, followed by Khartoum, Sudan.

African cities tend to come out as more expensive for expats due to higher prices for goods, more expensive transport costs and security issues.

“The cost of goods typically purchased by international assignees in Luanda, which was already high due to poor infrastructure and high oil-fuelled demand, continues to be pushed even higher. The Angolan kwanza is increasingly overvalued, which pushes up relative costs; while the ongoing weakness of the black-market exchange rate has also inflated the price of imported goods,” said the report.

London slips down the rankings

Tokyo, Japan, was the most expensive Asia Pacific city for expats, followed by Hong Kong and South Korean capital Seoul.

Three other Japanese cities were in the top 20 – Yokohama, Nagoya and Osaka.

No US or Canadian cities showed in the top 20, and traditional expensive locations such as London and Paris, France failed to make the cut.

Central London has slipped down the rankings to 139th, down 36 places on the 2016 survey and falling 78 places in five years. Other UK cities have shown the same trend, with the next most expensive cities, Edinburgh and Manchester, dropping to 163rd and 173rd places.

The ratings were calculated from price data on a range of similar goods and services expats buy in each city.

Top 20 most expensive cities for expats 2017

CityCountryRanking
  20172016
LuandaAngola12
KhartoumSudan221
ZurichSwitzerland33
GenevaSwitzerland44
BaselSwitzerland56
BernSwitzerland68
OsloNorway714
TokyoJapan81
Hong KongChina911
StavangerNorway1020
SeoulSouth Korea1112
ShanghaiChina1213
Tel AvivIsrael1319
CopenhagenDenmark1423
JerusalemIsrael1522
BeijingChina1615
KinshasaDemocratic Republic of the Congo17      10
YokohamaJapan185
NagoyaJapan197
OsakaJapan209

 

Source: ECA International

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