To be clear, cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas.
Custom cost of living comparison includes housing, food, utilities, transportation, healthcare costs, others.
According to Investopedia: “The cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period. The cost of living is often used to compare how expensive it is to live in one city versus another. The cost of living is tied to wages. If expenses are higher in a city, such as New York, for example, salary levels must be higher so that people can afford to live in that city.”
Where do you live right now? Have you ever wondered how much it would cost you to live comfortably in another city different from where you stay currently?
This cost of living index could help you with the answer just in case you are pondering any African city. Interestingly, the index also compared the expected average costs of basic necessities such as food, clothing, entertainment and healthcare, etc., across cities.
Using data obtained from Statista, Prime Business Africa hereby presents a list of 15 African cities with the highest cost of living index scores.
You can see that eight cities from two African countries dominated the list. To be specific, there are four South African cities and four Moroccan cities on the list.
Shocking! Nigeria’s mega city and commercial nerve centre, Lagos, did not make the list. Also, there are only two West African cities on the list.
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