Business Notes: Cost of Living Have Dollars, Will Travel

Cost of Living Have Dollars, Will Travel

The strong dollar enables most American executives abroad to live the good life, but not everywhere. Lagos is the most expensive city in the world for foreigners. According to a survey published last week by Business International, a Genevabased consulting firm, the Nigerian capital is 46% more expensive than New York City, largely because of a booming black market.

Tokyo rates as the second most expensive city, 18% above New York, although the dollar's strength means that prices there are less exorbitant than in the past. Anyone who needs another reason not to go to Tehran will be happy to know...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!