The cheapest and most expensive cities to call home in 2018

2018-08-07 19:00 - Ethan Van Diemen
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(Photo: iStock)

New York City (USA), Dubai (UAE), Stockholm (Sweden), Zurich (Switzerland) - many of these names immediately fill travellers with wanderlust for amazing cosmopolitan experiences and a desire to build a life in these well-developed urban centres. However, these thoughts usually come crashing down when they the price-tag of these urban lifestyles.

That shouldn’t mean that you can't look - you may even be surprised how expensive, and how cheap, the cost of living in different cities in the world are.

Research company Mercer produces annual rankings of the cost of living abroad in more than 200 of the most prevalent assignment destinations for expatriate employees. These rankings allow employer and employee alike to evaluate the quality of life, cost of living and lifestyle that is to be expected, as well as what fair compensation would be for relocating abroad.

SEE: Durban bests Cape Town and Johannesburg to top SA quality of life ranking

Maybe you’re a would-be expat, an intrepid traveller or just an unsettled freelancer with an itch that only international travel and living can scratch - whatever your location and status, this list is sure to have something interesting for you to ponder on.

So read on and find out, maybe you’ll call one of these places home in the future - if you don't already that is. 

(Image: Mercer)

(Image: Mercer)

(Image: Mercer)

SEE: A business traveller's survival guide to the world's top 4 most expensive cities

The Most Expensive and the Cheapest

The data from the survey reveals that Luanda in Angola is no longer the world’s most expensive city with the throne for the title now being occupied by Hong Kong (China).

In second and third positions are Tokyo (Japan) and Zurich (Switzerland) respectively with Singapore taking the fourth spot on the list. The rest of the top ten are the cities of Seoul (South Korea), Luanda, Shanghai (China), N’Djamena (Chad), Beijing (China) and Bern (Switzerland) at places 5, 6, 7, 8, 9 and 10 respectively.

On the opposite end of the spectrum are the world’s least expensive cities according to Mercer. These cities include Tashkent (Uzbekistan), Tunis (Tunisia) and Bishkek (Kyrgyzstan) at 209, 208 and 207 on the list respectively. 

Luanda is still the highest ranking, most expensive city in Africa according to Mercer, at number 6 in the world. South Africa is also represented at the lower end of the list with Cape Town being ranked at 170 and Johannesburg at 177.   

(Image: Mercer)

(Image: Mercer)

(Image: Mercer)

WATCH: SA makes top 20 cheapest global destinations list - Twice!

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