Zimbabwe is the most expensive country for Expatriates to live in due to the current economic crisis. Hong Kong is the second most expensive country due to the very high cost of housing and healthcare. Singapore is the third most expensive country. Singapore’s education system, which is widely regarded as the best in the world, is also the most expensive for expatriates when priced in US Dollars.
Asia Pacific has 3 cities in the top 10 most expensive cities in the world. The Cost of Living Index (COLI) for cities in Asia Pacific is the result of dividing each locations cost of living by the cost of living in New York NY (USA) using all 13 basket groups. New York therefore has a COLI of 100 for global comparison purposes.
San Francisco CA is the most expensive location in the Americas as at January 2020. American countries and cities are extremely diverse ranging from the most developed, wealthy and technologically advanced, through to some of the poorest and least developed in the world, with a corresponding wide range in local cost of living.
The top 10 most expensive cities in Africa for an Expat as at January 2020. Overall African countries are some of the poorest and least developed in the world, with relatively low local cost of living expenses; however the cost of importing and transporting the international standard of goods that expatriates expect to purchase in the cities in this region makes it extremely expensive to maintain the lifestyle that they are used to.
Prices are out of control. Wage purchasing power has plummeted due to food and fuel prices soaring. Foreign currency shortages have got even worse than before. Inflation is now over 500%…….it is now the most expensive city in Africa and the world in 2020.
The most expensive city in Asia-Pacific as at January 2020 is mainly so costly for Expats due to extremely high housing costs, as well as the high cost of schooling and limited space available making rentals high. However, when you exclude costs related to housing, education, medical and transport, this city falls out of the top ten city rankings for Asia Pacific…
For decades Zimbabwe’s policies have destroyed the economy and the livelihoods of Zimbabweans, including hyperinflation that eventually led the country to ditch its worthless sovereign currency in favour of the United States dollar. In June 2019 year the government stopped the use of US dollars in local transactions. This change was in order to prepare for a next-generation Zimbabwean dollar. The impact has been severe, with prices out of control. Wage purchasing power has plummeted due to food and fuel prices soaring. Foreign currency shortages have got even worse than before. The inflation rate (CPI) hit 480.7% in November 2019. As a result there is increasing unrest, marches and protests as people battle to survive the crisis. As at January 2020 Harare has become the most expensive city to live in due the current economic crisis.