Chicago 108th most expensive city in world

July 13, 2011 (CHICAGO)

The most expensive city, according to global consulting firm Mercer, is Luanda, Angola. Consumers pay an average $28 for a new CD or $20 for a club sandwich and soda in the African city. Renters pay an average of $7,000 a month for a two-bedroom apartment.

Luanda has topped Mercer's list of 214 cities across five continents for two years now. The survey looks at cost of housing, transportation, food, clothing, household goods, and entertainment.

In the U.S., New York City is the most expensive and ranks 32nd globally. Los Angeles came in at 77 with Chicago at 108th.

The least expensive city in the U.S. is Winston-Salem, North Carolina.

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