Expats may feel the pinch in Sydney, but it barely cracked the top ten most-expensive cities. Picture: AFP Source: AFP
EXPATS may think it breaks the bank to live in Sydney, but spare a thought for those living in Angola's capital.
Luanda has regained the top spot in an annual survey of the most expensive cities for expatriates, with Sydney coming in at number nine.
The survey by the Mercer consulting group is published annually to help companies assess compensation allowances for expatriate workers.
It compares the cost of over 200 items in 214 cities, including housing, food, transport and entertainment.
After being overtaken by Tokyo in last year's survey, oil-booming Luanda returned to the top ranking this year.
It's now followed by Moscow at number two and Tokyo at number three.
"Despite being one of Africa's major oil producers, Angola is a relatively poor country yet expensive for expatriates since imported goods can be costly," Barb Marder, a senior partner at Mercer, said in a statement.
"In addition, finding secure living accommodations that meet the standards of expatriates can be challenging and quite costly."
Moscow's high costs for rentals and imported goods accounted for its second-place finish, with a luxury unfurnished two-bedroom apartment in the Russian capital costing $US4600 ($4970) a month and a cup of coffee $US8.29 ($8.97), Mercer said.
That compares to a similar apartment in Sydney costing $US2551 ($2760) a month and a cup of coffee coming in at $US5.16 ($5.58), it says.
The survey did not specify the size or type of coffee.
Tokyo was the third most-expensive city in the survey, followed by Chad's capital N'Djamena, Singapore, Hong Kong, Geneva, Zurich, Bern and Sydney.
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