Africa has made headlines again. In Mercer’s 2016 Cost of Living Survey, Luanda, Angola ranks as the second most expensive city for a company to deploy an expatriate to. Mercer’s costliest city for expats is Hong Kong, where a population of 7.2m live in a 1,104km2 space. Zurich and Singapore take third and fourth positions.
On the plus side, the world’s least expensive cities for expatriates are Windhoek – ranking last in terms of cost of living – and Cape Town, taking position 208. The Mercer survey helps multinationals and governments to determine compensation for expat employees. New York City is used as the base for all comparisons, with currency movements measured against the dollar. The survey includes more than 375 cities. The 2016 ranking included 209 cities across five continents. It measured the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.
Despite dropping from the top spot on the list a year ago, Luanda remains Africa’s highest-ranking city – in other words, its priciest. Kinshasa, DRC is next, rising seven places since 2015. Lagos, Nigeria takes 13th spot.