Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Country Profile
 Useful Links
 Contact us

Home

Cairo/CheapestBack
[Published: Thursday May 31 2018]

Cairo least expensive city in the world for expatriates, Study

ZURICH, 31 May. - (ANA) - A recent study conducted by Swiss bank UBS on 77 metropolitan areas has shown that Egypt’s capital Cairo is the least expensive city in the world, while the Swiss city of Zurich is the most expensive.

In Africa, Johannesburg came in as the most expensive city; it ranked 53rd out of the 77 countries included in the report. It was followed by Nairobi (Kenya, 68th), Lagos (Nigeria, 76th) and Cairo (Egypt, 77th).

The UBS’s study looked into a subset of data on where young people could buy a range of goods and services, including an Apple phone and a laptop and a Netflix subscription.

It used New York City as the benchmark.

People in Zurich benefit from having the third lowest iPhone prices in the world but they will have pretty empty pockets after paying the highest prices for their jeans, Netflix and coffee.

And at $6.33 (CHF6.29) a pop, a Big Mac in Zurich approaches the cost of a whole meal in other cities.

In Cairo, for example, a Big Mac combo meal will set you back only $3.71.

On average, a 900 square-foot apartment in what’s considered an expensive neighborhood will cost $476 per month. Utilities (gas, electricity, heating) will cost $52.

However, according to the UBS study Cairo ranks near the bottom in terms of average annual salary and purchasing power.  - (ANA) -

 

AB/ANA/ 31 May 2018 - - -


 


North South News website

Advertise banner

News icon Morocco/Illegal migrants
News icon Sudan/Unrest
News icon US/Shutdown
News icon Sub-Sahara/Economy
News icon Zimbabwe/Protests
News icon Kenya/Hotel attack
News icon Nigeria/Violence
News icon Zimbabwe/Inflation
News icon Algeria/Elections
News icon AU/DR Congo

AFRICAN PRESS AGENCY Copyright © 2005 - 2007