The World’s 10 Most Expensive Cities
Find out which African city landed the top spot.
1 / 11
Cost of Living: The World’s 10 Most Expensive Cities - Each year, U.S. consulting firm Mercer releases a global cost of living survey to help multinational companies determine the compensation of their expatriate employees. Recent world events, including economic and political upheavals, resulted in currency fluctuations and cost inflation impacted these cities, a Mercer senior partner, told International Business Times. Keep reading to find out how a bustling African seaport, a wealthy Asian city-state and other cities measured up. — Patrice Peck(Photo: Keith Tsuji/Getty Images)
2 / 11
1. Luanda, Angola - Although more than 50 percent of Luanda residents live in poverty, the Angolan city is the world’s most expensive city for expatriates. Cost of living: Rent of a luxury two-bedroom apartment, ($6,500), movie ticket ($10.42), pair of blue jeans ($204.41), cup of coffee ($3.88), fast food hamburger meal ($20.06), 1 liter of gasoline ($0.63), 1 liter of whole milk ($3.18), 1 liter of soda ($2.14).(Photo: REUTERS/Mike Hutchings)
3 / 11
2. Moscow, Russia - Not only does Russia’s capital city Moscow rank as the costliest European city on this list, but it is home to the largest community of billionaires in the world, according to Forbes. However, due to the current global economic situation, the city’s price of real estate continues to rise. Cost of living: Rent of a luxury two-bedroom apartment, ($4,600), movie ticket ($11.60), pair of blue jeans ($169.13), cup of coffee ($8.29), fast food hamburger meal ($6.47), 1 liter of gasoline ($1.04), 1 liter of whole milk ($7.59), 1 liter of soda ($1.77).(Photo: Julian Finney/Getty Images)
4 / 11
3. Tokyo, Japan - Tokyo, the largest metropolitan area in the world, houses the headquarters of several of the world’s largest insurance companies and investment banks. Cost of living: Rent of a luxury two-bedroom apartment, ($4,600), movie ticket ($19.34), pair of blue jeans ($135.40), cup of coffee ($6.98), fast food hamburger meal ($7.31), 1 liter of gasoline ($1.74), 1 liter of whole milk ($1.05), 1 liter of soda ($1.92).(Photo: Chris Jackson/Getty Images)
5 / 11
4. N’djamena, Chad - In the port city of N’djamena, Chad’s capital and financial center, apartment hunting can get expensive when searching for a “high-quality and secure” rental, said Mercer spokesman Steven Nurney. Although several purchases were marked not applicable on Mercer’s list, including rental prices, a newspaper costs $6.94, a club sandwich and soda costs $25.51, one liter of whole milk costs $2.75 and one liter of soda costs $1.63.(Photo: Marco Di Lauro/Getty Images)
ADVERTISEMENT