The Angolan Capital of Luanda now ranks as the worlds most expensive city to live in for expatriates according to Mercer. Ever since the end of the Angolan Civil War which lasted from 1975–2002 the country has boomed with expatriate populations.
The number one draw is the weather, and beautiful scenery. The average temperature in Luanda is low 70′s in the Winter, and mid 80′s in the summer.
The main reason for the expensive living for expatriate’s is the difficulty of finding good, secure accommodation for the temporary guests. Therefore the limited supply of acceptable living accommodation is very expensive.
The inhabitants of Luanda are primarily members of African ethnic groups, mainly Ambundu, the Ovimbundu and the Bakongo. However Luanda ranks as one of the largest Portuguese speaking cities in the world.
Since the end of the Civil war in 2002 the city has boomed with population, and urban renewal projects. However the population boom out grew the city by a long shot forcing many of the inhabitants into poverty.
Just how expensive is living in Luanda? Here are a few comparisons that American’s can make between New York City and Luanda. A two-bedroom apartment in a luxury building in Luanda goes for $7,000 a month compared to $2,000 in New York City. A bottle of Coca Cola goes for $5.69 – In New York City it will cost you $2.00.
With all of this said over 50 percent of the population of Luanda lives in extreme poverty barely able to meet their very basic survival needs.
Do you think it would be worth the price to live in Luanda?