Luanda Is Costliest City as London Drops, New York Gains: Chart

(Bloomberg) -- Looking abroad for a cheap place to live? Avoid Angola. Luanda, the capital of the oil-rich nation, retook its ranking as the most expensive city for expatriates from second-place Hong Kong, according to Mercer’s annual survey. The cost of renting a three-bedroom unfurnished house of international standards in an appropriate neighborhood actually slid in Luanda, where the economy has been hit by the crude-price rout. But the 11.54 pounds ($14.58) for a fast-food hamburger meal was more than double most rivals. New York rose to ninth from 11th last year as Brexit-battered London plunged to 30th from 17th.

To contact the reporter on this story: Colin McClelland in Johannesburg at cmcclelland1@bloomberg.net.

To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Sophie Caronello at scaronello@bloomberg.net, Josh Friedman, Margaret Collins