World’s Most Expensive Cities (4)

by The Real Estate Faction on October 11, 2011

No. 4: Stavanger, Norway

Quick lunch: $32.30
Beer at a bar: $12.83
Kilogram of rice: $5.70
Dozen eggs: $6.80
Movie theater ticket: $17.30

Stavanger was mainly a fishing community until oil was found in the North Sea in the 1960s, transforming it into a major Norwegian city. Today, Norway is a leading oil exporter, with Statoil as the largest oil company in the Stavanger region. The industry has become central to the local economy and has attracted many residents from other countries.

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