Luanda, Angola retains its #1 ranking making it the most expensive destination in Africa and in the world for expats. This is due to its costly accommodation where expatriate housing is extremely expensive, and imported produce and international private schooling excessively costly.
Caracas comes in at #2, this once sort after expat destination has experienced rampant inflation, produce shortages and tight government controls on foreign exchange have pushed it up the rankings. As the World’s fifth largest exporter of oil, Venezuela was once a top destination for skilled foreign oil and gas workers. However Calgary, Canada is now benefiting with an influx of those expats leaving Caracas due to strict government regulations which are limiting the hiring and compensation of these workers, as well as by the soaring cost of living.
Oslo which ranks #3, in contrast to Luanda and Caracas enjoys low inflation, low unemployment, and one the highest GDPs per capita in the World. An expat haven?
Top Ten International Cost of Living - Cities - April 2014
|
Rank
|
Country and city
|
Region
|
Previous Quarter Rankings
|
|
1
|
Angola, Luanda
|
Africa
|
1
|
|
2
|
Venezuela, Caracas
|
Americas
|
5
|
|
3
|
Norway, Oslo
|
Europe
|
7
|
|
4
|
Singapore, Singapore
|
Asia-Pacific
|
13
|
|
5
|
China, Hong Kong
|
Asia-Pacific
|
6
|
|
6
|
Switzerland, Zurich
|
Europe
|
2
|
|
7
|
Switzerland, Geneva
|
Europe
|
4
|
|
8
|
Monaco, Monaco
|
Europe
|
11
|
|
9
|
Japan, Tokyo
|
Asia-Pacific
|
12
|
|
10
|
Australia, Sydney
|
Asia-Pacific
|
17
|
Top Twenty International Cost of Living Rankings Incl. Countries - April 2014
|
Rank
|
All Areas, Country and City
|
Region
|
Previous Quarter Rankings
|
|
1
|
Angola, Luanda
|
Africa
|
1
|
|
2
|
Venezuela, Caracas
|
Americas
|
5
|
|
3
|
Angola, All Areas
|
Africa
|
3
|
|
4
|
Norway, Oslo
|
Europe
|
7
|
|
5
|
Norway, All Areas
|
Europe
|
9
|
|
6
|
Singapore, Singapore
|
Asia-Pacific
|
13
|
|
7
|
China, Hong Kong
|
Asia-Pacific
|
6
|
|
8
|
Switzerland, Zurich
|
Europe
|
2
|
|
9
|
Switzerland, Geneva
|
Europe
|
4
|
|
10
|
Venezuela, All Areas
|
Americas
|
10
|
|
11
|
Monaco, Monaco
|
Europe
|
11
|
|
12
|
Switzerland, All Areas
|
Europe
|
8
|
|
13
|
Japan, Tokyo
|
Asia-Pacific
|
12
|
|
14
|
Australia, Sydney
|
Asia-Pacific
|
17
|
|
15
|
USA, New York (Manhattan) NY
|
Americas
|
15
|
|
16
|
Russia, Moscow
|
Europe
|
14
|
|
17
|
Bermuda, Hamilton
|
Americas
|
18
|
|
18
|
Denmark, Copenhagen
|
Europe
|
19
|
|
19
|
United Kingdom, London
|
Europe
|
20
|
|
20
|
Liechtenstein, Vaduz
|
Europe
|
16
|
For the full cost of living and regional rankings go here
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