World’s Most Expensive Cities (7)

by The Real Estate Faction on October 4, 2011

No. 7: Luanda, Angola

Quick lunch: $52.40
Beer at a bar: $6.62
Kilogram of rice: $4.60
Dozen eggs: $5.20
Movie theater ticket: $13.90

Luanda was the most expensive city in the world in ECA International’s 2009 ranking. Last year it slipped to third place, due to the depreciation of the kwanza, and this year it fell again, to No. 7. While the city has a high poverty rate, it remains one of the most expensive places for expatriates to maintain standards of living comparable to those in their home countries.

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