Imagine paying $7,000 a month for a two-bedroom apartment, or $42 for a movie? These are the world's 10 priciest cities, according to a study which helps companies assess the costs of relocating employees abroad.
Luanda is the most expensive city in the world for Americans for the second year in a row. Living safely in a country overrun by civil war for nearly 30 years comes at a steep price. Americans want apartments with features like gated entrances in pricey neighborhoods near international schools, says Ed Hannibal, partner at Mercer.
The good news is that gas is just $0.61 per liter, and the price is dropping.
Source: Mercer 2014 Cost of Living Survey determines costs of living in 211 cities around the world by measuring prices on 200 items. All cities are compared to New York City. Survey responses are collected in March, and all figures are in U.S. dollars.