Nairobi Ranked 145 Most Expensive City in Globally: Mercer

David Indeje is Khusoko’s Digital Editor, covering East African markets.
The Nairobi International Financial Centre (NIFC) will formally be launched on June 14, 2022, following the setting up of its board.

Nairobi, the capital City of Kenya. PHOTO: KHUSOKO

Nairobi, Kenya’s capital improved 47 places to become the world’s 145th most expensive city in 2021, according to a Mercer Cost of Living report.

This is the first drop in three years.

This was the best position in seven years for Nairobi, which had last year ranked 95 out of the 209 cities surveyed.

“The latest data show few significant price variances resulting from the pandemic as various measures were adopted by governments worldwide, such as lowering or refraining from collecting VAT for a period of time,” said the report.

Kenya’s Capital, Nairobi Ranks High for Innovation in Africa

Mercer’s ranking is based on changes of more than 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.

Mercer’s biannual Cost of Living survey helps employers navigate expatriate compensation, accounting for factors such as currency fluctuations, cost inflation for goods and services, and instability in accommodation prices, which are essential to determining the cost of compensation packages for employees on international assignments.

N’Djamena (13), Lagos (19) and Libreville (20) were ranked the first, second and third costliest cities in Africa for international employees. Lusaka was the cheapest in Africa at position 208.

The list of top 10 most expensive cities mostly features global financial hubs like Hong Kong, which was the priciest last year, Tokyo, Shanghai, Zurich and Singapore.

Nairobi Office Market Remains Under Pressure on Low Demand

David Indeje is Khusoko’s Digital Editor, covering East African markets.

In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

One Comment
scroll to top