Africa Expat Cost of Living Comparison
Overall African countries are some of the poorest and least developed in the world, with relatively low local cost of living expenses; however the cost of importing and transporting the international standard of goods that expatriates expect to purchase in the cities in this region makes it extremely expensive to maintain the lifestyle that they are used to.
What is most expensive city in Africa in 2020?
Harare is the most expensive city to live in the African region (and the world) as at January 2020. For decades Zimbabwe's policies have destroyed the economy and the livelihoods of Zimbabweans, including hyperinflation that eventually led the country to ditch its worthless sovereign currency in favour of the United States dollar. In June this year the government stopped the use of US dollars in local transactions. This change was in order to prepare for a next-generation Zimbabwean dollar that started circulating this month. The impact has been severe, with prices out of control. Wage purchasing power has plummeted due to food and fuel prices soaring. Foreign currency shortages have got even worse than before. The inflation rate (CPI) hit 480.7% in November 2019. As a result there is increasing unrest, marches and protests as people battle to survive the crisis.
Where does this expat cost of living information for Africa come from?
Xpatulator.com has been created to calculate expatriate pay using online calculators and an extensive database of cost of living and hardship indexes, for 780 international locations. The database is updated quarterly. Subscribers use this information to ensure expatriate salary spending power is maintained when on an international assignment. Salary spending power is affected by cost of living, hardship and exchange rate differences between the home and host location.
What is the cost of living comparison for Africa?
A cost of living comparison involves using a Cost of Living Index (COLI) as a numerical way of comparing cost of living, either over time, or by comparing the cost of living in different geographical locations. When comparing the cost of living between different locations the difference in the cost of living is expressed as an index by dividing the cost of living in Location A by the cost of living in Location B. The cost of living index indicates the difference in the cost of living between the two locations. In the below graphic, the COLI for the most expensive cities in Africa is the result of dividing each locations cost of living by the cost of living in New York NY (USA) using all 13 basket groups. New York therefore has a COLI of 100 for global comparison purposes.
What are the top 10 most expensive cities to live in Africa?
The top 10 most expensive cities in Africa for an Expat as at January 2020 are as follows:
Cost of Living Review for Africa as at January 2020
For more, read a free cost of living review for the following locations in Africa as at January 2020:
- Addis Ababa
- Cape Town
- Dar es Salaam
- Port Elizabeth
- Port Louis
This article may be freely copied as long as reference is made to http://www.xpatulator.com/