Unveiling the Cost of Living in Luanda, Angola

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When you think of the most expensive cities in the world, places like New York, London, or Tokyo might spring to mind. But, would you believe me if I told you that Luanda, the capital of Angola, often tops that list? 😲 Yes, you heard it right! This bustling African city has a cost of living that can make even the most seasoned expats and real estate investors gasp. So, let’s dive in and explore the cost of living in Luanda, Angola.

Accommodation Costs

First things first, let’s talk about housing. As a real estate expert, I can tell you that accommodation is usually the biggest chunk of any cost of living calculation. In Luanda, it’s no different. 🏠

For a single-bedroom apartment in the city center, you’re looking at an average monthly rent of around $3,500. If you venture outside the city center, that price drops to about $2,000. For those looking to buy property, the average price per square meter in the city center is a whopping $7,000. Outside the city center, it’s around $3,000.

Food and Dining

Next up is food. 🍽️ Now, if you’re a foodie like me, this is where things can get a bit tricky. Dining out in Luanda can be quite expensive. A meal at an inexpensive restaurant can set you back around $15, while a three-course meal for two at a mid-range restaurant can cost around $100.

But, if you’re willing to cook at home, you can save some bucks. A loaf of bread costs about $2.50, a liter of milk is around $2.20, and a dozen eggs will cost you about $3.50.

Transportation Costs

Getting around in Luanda can be a bit of a challenge. 🚗 Public transportation is not very reliable, so many expats and locals opt for taxis or private cars. A one-way ticket on local transport costs around $1.50, while a monthly pass is about $60. If you’re planning to drive, keep in mind that a liter of gasoline costs around $0.90.

Utilities and Other Expenses

When it comes to utilities, the average monthly cost for basic utilities (including electricity, heating, cooling, water, and garbage) for an 85m2 apartment is around $200. Internet connection is quite expensive, with a monthly bill averaging around $210 for 60 Mbps or More, Unlimited Data, Cable/ADSL. 🌐

Other expenses include fitness club memberships which cost around $100 per month, and private preschool for a child which can cost around $1,000 per month.

FAQs

• Is Luanda, Angola really that expensive? Yes, it is. The high cost of living is primarily due to the high cost of imported goods and housing.
• Why is Luanda so expensive? The high cost is due to a combination of factors including high import duties, lack of infrastructure, and high demand for goods and services from expats and wealthy locals.
• Is it possible to live cheaply in Luanda? It’s possible, but it would require significant lifestyle adjustments and compromises.

Conclusion

In conclusion, the cost of living in Luanda, Angola is indeed high, with housing, food, and transportation being the major contributors. However, with careful planning and budgeting, it’s possible to navigate this bustling city without breaking the bank. 💰

Whether you’re a real estate investor, a homeowner, a first-time home buyer, or a real estate agent, understanding the cost of living in Luanda can help you make informed decisions and plan accordingly. So, while Luanda may not be the cheapest city to live in, it certainly offers a unique and vibrant lifestyle that’s hard to match. 🌍