Vancouver Ethiopian Blog

Ethiopian life in Vancouver, BC, Canada

Is Addis Ababa Really One of the Cheapest Cities in the World for Expats?

Addis Ababa, the capital of Ethiopia, has been ranked as one of the cheapest cities in the world by Mercer’s 2010 Cost of Living Survey.

Mercer’s Top 50 expensive cities are found here.

Addis Ababa is ranked at 208th position out of the 214 cities surveyed. According to the survey, “the cost of housing – often the biggest expense for expats – plays an important part in determining where cities are ranked”. Based on this fact, I expected Addis Ababa to be in the top 20.

Please keep in mind that the survey is for expatriates, not for local people. Typical expats in Addis Ababa include embassy officials, NGO employees and those in other similar positions.

I must say that I do not agree with the report when it comes to Addis Ababa. How can Addis Ababa be one of the cheapest cities in the world? A decent family home, say, 6 bed room house with 2,200 sq. ft with 7,000 sq. ft lot is going for $200,000 to 700,000 USD depending on the location of the property. You can check house for sale and rental prices at Ezega’s website.

The exchange rate for $1 USD is about $13.75 EBR (Ethiopian Birr).

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July 8, 2010 Posted by | Canadian Patriotism, Ethiopian Businesses, Ethiopian Careers, Ethiopian Citizenship, Ethiopian Culture, Ethiopian Education, Ethiopian Food, Ethiopian History, Ethiopian Holidays, Ethiopian Investments, Ethiopian Media, Ethiopian Parenting, Ethiopian Patriotism, Ethiopian Politics, Ethiopians & Technology, Ethiopians Back Home, Ethiopians in Vancouver | , , , , , , , , , , , , , | 1 Comment