CATEGORIES: Global Assets, Nigerian Property Markets

Lagos keeps getting more expensive for Expats

New analysis from Mercer has indicated that Lagos is the 20th most expensive city for expats globally. Results from the 2015 Cost of Living Rankings showed that Lagos moved up 5 places from its 25th position in 2014, and 11 places from its 36th position in 2013. Abuja was also on the list at #35, having moved up 1 place when compared to 2014.

Mercer, a global consulting leader in health, wealth and careers conducted the survey, which included 207 cities across five continents, measuring the comparative cost of housing, transportation, food, clothing, household goods, entertainment and many others.

According to Mercer’s 2015 Cost of Living Survey, Asian and European cities – particularly Hong Kong (2), Zurich (3), Singapore (4), and Geneva (5) – top the list of most expensive cities for expatriates. The costliest city for the third consecutive year is Luanda (1), the capital of Angola. Despite being recognized as a relatively inexpensive city, the cost of imported goods and safe living conditions in this country are available at a steep price.

2015 Cost of Living Rankings. Source: Mercer
2015 Cost of Living Rankings. Source: Mercer
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