Five of the most expensive cities to live in include Luanda in Angola, Tokyo, Ndjamena in Chad and Moscow.
The cost of living varies greatly from city to city, just as much as the cost of buying a house does. The average home buyer invests a lot of money into their home, many making improvements such as adding gardens, pools, outdoor entertainment areas, security doors and security screens as well as adding on extensions. The cost of living itself in different areas can significantly bump the price up of homes in more expensive areas. The cost of living includes things like rent, healthcare, communication costs, public transport, the cost of running a vehicle, insurance fees, food, clothing, education, taxes and the cost of eating out.
Luanda, Angola
Luanda is the capital of Angola, found on the continent of Africa and looking over the Atlantic coast. In recent decades it has seen a large amount of conflict. Since the country has become more stable and peaceful there has been a boom in construction and foreign investors have been more attracted to their area, helping to increase the city’s wealth. The country is rich from revenue coming from oil, diamonds and other natural resources. High rises are being built all over the city, along with new roads, railways and a new airport, which was to open in 2011.
Tokyo, Japan
Tokyo is the second most expensive city in the world, with even a tiny apartment being extremely costly. Living costs, such as gas, electricity and phone connections are also expensive. Food is pricey, although vegetables in season and seafood are more affordable. Cars are inexpensive but the mandatory cost of insurance will set you back, as well as the cost of parking in the city.
Ndjamena, Chad
Ndjamena is the centre of economic activity as well as the capital of Chad in Africa. Its major industries are cotton, meat and fish. The cost of housing, gas and electricity, communication expenses, clothing, healthcare, food and the cost of running a vehicle are all high.
Moscow, Russia
Moscow is the most northern city in the world with a population of ten million. It is one of the most expensive cities in the world with the average cost of renting an apartment in the city being around $3,600 a month. To buy a cup of coffee alone will cost you over $8. Going out for a drink or out for lunch will also make a serious dent in your wallet. It is also an expensive place to visit with a lack of middle range hotels available, and the high inflation.
Geneva, Switzerland
Switzerland is one of the most expensive countries in Europe, with Geneva coming in fifth over both Norway and Denmark. The cost of insurance is something that sets people back, with accommodation being the other high cost. The cost of gas and electricity is considerable and citizens are also subject to decent taxes. Food and clothing is also another high expense. Fuel and healthcare is also dear in Geneva as well as the cost of communications.
