International Cost of Living Index for Expats January 2018


Luanda in Angola is the most expensive city in the world for expatriate professional migrants to live. As opposed to Hong Kong, everything in Luanda is expensive as almost all international standard goods and services are imported. Despite the lower oil price, the slow-down in oil related projects, and dramatic reduction in revenue to Angola in 2016, prices in Luanda remain extremely high.

Hong Kong is the second most expensive city due to the very high cost of housing and healthcare, as well as the strong Hong Kong dollar which is fixed against the US Dollar. An interesting observation is the fact that if 4 of the 13 baskets are excluded from the cost of living index calculation (namely Housing, Education, Medical and Transport) then Hong Kong drops out of the top 10 most expensive cities in the world. This illustrates that not everything in Hong Kong is expensive. It is therefore very important it is to ensure that the correct baskets are included in an expat cost of living index.
https://www.xpatulator.com/cost-of-living-article/International-City-Cost-of-Living-for-Expatriate-Professional-Migrants_716.cfm

About Xpatulator

Xpatulator.com is a website that provides international cost of living information and calculators that can help you determine cost of living indexes, cost of living allowances, salary purchasing power and international assignment packages to compensate for cost of living, hardship, and exchange rate differences.
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