Home ECONOMY Nairobi moves up in expensive cities ranking

Nairobi moves up in expensive cities ranking

by biasharadigest

Global consulting companty Mercer has released the results of its 2019 Cost of Living survey, ranking cities around the world.  Generally the cost of living in Nairobi, Kenya, is moderate compared to other expat destinations.

Last year, the Mercer Cost of Living report ranked it as a mid-range expense location (123rd out of 209 cities). However according to this year’s report, Nairobi has gone up from 123 to 97 on the ranking for the most costly cities.

N’Djamena, Chad takes the lead as the highest-ranking city in Africa. Kinshasa, Dem. Rep. of Congo (22) is in second place, rising fifteen places. Libreville, Gabon (24) is the next African city on the list, followed by Lagos, Nigeria (25), which moved up seventeen places. And despite dropping about 20 places, Luanda, Angola (26) still remains in fifth place.

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“Each African country has its own unique economy and this is why multinationals need not approach their expatriate packages for Africa with one single strategy. Let’s look at it this way, while a city like N’Djamena in Chad has been listed as the 11th most expensive city in the world, whereas Mali comes in at the 124th position in terms of cost of living,” said Yolanda Sedlmaier, Principal Leader – Africa Mobility at Mercer.

In a rapidly changing world, mobility programs have become a core component of multinational organizations’ global talent strategy. Organizations realize that to thrive they must embrace change, adapt to new technologies, and build emerging skills to attract, motivate, and enhance talent.

“In a skill-focused economy driven by digital disruption and the need for a globally connected workforce, deploying expatriate employees is an increasingly important aspect of a competitive business strategy for global companies,” said Ilya Bonic, President of Mercer’s Career business.

“There are numerous personal and organizational advantages for sending employees overseas, including career development, global experience, new skillsets, and re-allocation of resources. By offering fair and competitive compensation packages, organizations can facilitate moves that drive business results.”

Mercer’s 25th annual Cost of Living Survey finds that a number of factors, including currency fluctuations, cost of inflation for goods and services, and volatility in accommodation prices, contribute to the overall cost of expatriate packages for employees on international assignments.

Global ranking

Mercer’s 2019 Cost of Living Survey finds that eight out of the top ten of the world’s most expensive cities for expatriates are Asian cities, resulting from high costs for expatriate consumer goods and a dynamic housing market. Tokyo (2), Singapore (3) and Seoul (4) top the list, while the costliest city in the world for the second consecutive year is Hong Kong (1).

Other cities appearing in the top ten are Zurich (5), Shanghai (6), Ashgabat (7), Beijing (8), New York City (9), and Shenzhen (10). The world’s least expensive cities for expatriates are Tunis (209), Tashkent (208), and Karachi (207).

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Mercer Cost of Living Survey – Worldwide Rankings 2019

(Mercer international basket, including rental accommodation costs)

Rank as of March

City

2018

2019

1

1

HONG KONG

Hong Kong (SAR)

2

2

TOKYO

Japan

4

3

SINGAPORE

Singapore

5

4

SEOUL

South Korea

3

5

ZURICH

Switzerland

7

6

SHANGHAI

China

43

7

ASHGABAT

Turkmenistan

9

8

BEIJING

China

13

9

NEW YORK CITY

United States

12

10

SHENZHEN

China

8

11

NDJAMENA

Chad

10

12

BERN

Switzerland

11

13

GENEVA

Switzerland

21

14

VICTORIA

Seychelles

16

15

TEL AVIV

Israel

28

16

SAN FRANCISCO

United States

15

17

GUANGZHOU

China

35

18

LOS ANGELES

United States

23

19

OSAKA

Japan

14

20

COPENHAGEN

Denmark

26

21

DUBAI

United Arab Emirates

37

22

KINSHASA

Dem. Rep. of the Congo

19

23

LONDON

United Kingdom

18

24

LIBREVILLE

Gabon

42

25

LAGOS

Nigeria

6

26

LUANDA

Angola

17

27

MOSCOW

Russia

25

27

NANJING

China

22

29

NOUMEA

New Caledonia

24

30

ABIDJAN

Côte d’Ivoire

31

30

CHENGDU

China

29

32

TIANJIN

China

40

33

ABU DHABI

United Arab Emirates

41

33

NAGOYA

Japan

27

35

TAIPEI

Taiwan

45

35

RIYADH

Saudi Arabia

51

37

CHICAGO

United States

54

38

HONOLULU

United States

19

39

BRAZZAVILLE

Congo

52

40

BANGKOK

Thailand

36

41

QINGDAO

China

56

42

WASHINGTON

United States

32

43

DUBLIN

Ireland

60

44

MIAMI

United States

33

45

MILAN

Italy

38

45

SHENYANG

China

34

47

PARIS

France

66

47

DHAKA

Bangladesh

70

49

BOSTON

United States

29

50

SYDNEY

Australia

39

51

VIENNA

Austria

43

52

YAOUNDE

Cameroon

65

53

BEIRUT

Lebanon

48

54

BANGUI

Central African Republic

46

55

ROME

Italy

79

56

WHITE PLAINS

United States

77

57

MANAMA

Bahrain

50

58

AMSTERDAM

Netherlands

73

59

DJIBOUTI

Djibouti

86

59

HOUSTON

United States

47

61

OSLO

Norway

85

62

DALLAS

United States

63

63

ACCRA

Ghana

90

64

SEATTLE

United States

53

65

HELSINKI

Finland

73

66

DOUALA

Cameroon

55

67

MUMBAI

India

57

67

MUNICH

Germany

95

69

ATLANTA

United States

75

70

MONTEVIDEO

Uruguay

97

70

MORRISTOWN

United States

62

72

DAKAR

Senegal

95

72

SAN JUAN

Puerto Rico

68

74

FRANKFURT

Germany

49

75

ST. PETERSBURG

Russia

94

75

AMMAN

Jordan

67

77

BRUSSELS

Belgium

102

78

MINNEAPOLIS

United States

58

(Africa Media Agency)

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