World’s Priciest Cities– Beating Hong Kong to the priciest city in the world for expatriates is Luanda, Angola.
According to Mercer the world’s largest human resources consulting firm, Luanda, Angola’s capital, is the 2017 world’s most expensive city for expatriates.
Mercer also took to cognizance that Angola’s currency has weakened against the U.S. dollar while current global oil prices have fallen. This reflected in the cost of goods and security in Luanda.
Nigeria’s Lagos did not make it to the top 10. The west African commercial capital was ranked at the 29th position.
Other expensive African cities ranked by MERCER include Victoria, the capital of the Seychelles; Ndjamena, the capital of Chad; and Kinshasa, the capital of the Democratic Republic of Congo.
At the second place is Hong Kong which remains the most expensive Asian city. Mercer recognized the fact that HK’s currency link to the dollar increased the cost of local housing.
Aside Hong Kong, other Asian cities in the list include Tokyo, Zurich, and Singapore.
Representing the United States on the top 10, New York city made it to the 9th spot. The American city is one of the World’s priciest cities of all times. It is often used as a standard for most economy per capita rankings.
For instance Mercer survey compared the cost of at least 200 consumer items in over 200 cities using New York as a benchmark. The report considered the costs of basics like housing, food, transport and entertainment.
Switzerland was represented in the top 10 by 3 cities.
These are the top 10 world’s priciest cities for 2017:
With a 2016 population estimate of 141,762, Bern is the 4th-most populous city in Switzerland. Bern is one of the countries known for having the best quality of life.
9. Honk Kong
Hong Kong is a global financial centre as well as the world’s 8th largest trading entity.
8. New York
Country: Unites States
New York is a worldwide known city with diverse and flourishing economic and entertainment activities.
With a 2014 population estimate of over 24 million, Shanghai is another global financial centre. The Asian city is considered a transport hub; and is home to the world’s busiest container port.
Tokyo is the capital of Japan; Tokyo ranked first in the Global Economic Power Index and fourth in the Global Cities Index.
The “technology-ready” nation is famous for its vibrancy in global commerce, education, healthcare, life expectancy, quality of life, personal safety, and housing.
In a 2009 survey by Mercer, Geneva was found to have the 3rd-highest quality of life in the world. The global city is a worldwide center for diplomacy.
Country: South Korea
Seoul is the 16th largest and most “wired” city in the world.
This is the wealthiest city in Europe. Several surveys rank Zurich as the city with the best quality of life in the world.
Fondly called the Miami of Africa, Lunda leads in the top 10 list of world’s priciest cities. It is the capital and largest city in Angola. Luanda is seen as the industrial, cultural and urban centre.