Rising inflation and unaffordable housing may be driving the world’s highest costs of living for expatriates, but they also enjoy an advantage over the local population.
An annual survey has once again determined the world’s most expensive cities for expatriates to live in, the BBC reported.
Luanda, Angola’s capital, placed first, with Hong Kong and Zurich following closely behind. Of the top 10 destinations, half were cities in Asia, and another metropolis from Africa, N’Djamena, the capital of Chad, reappeared on the list.
The rankings were compiled by the consulting firm Mercer, based on two decades of research and using New York and the US dollar as its base city and currency, reports the BBC.
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Source Credits: Michelle Toh in The Christian Science Monitor