Audio By Carbonatix
Accra is the 5th most expensive city in Africa in terms of rent, according to Numbeo.
Accra’s rent index of 12.0 also placed it 230 in the world.
According to the data and research powerhouse, high rents can strain household finances, leaving families with little discretionary income to spend on needs such as food, education, healthcare, and transportation.
It stated that a high rent cost raises the question of how important said urban centers are, considering that a lot of jobs these days can be done remotely.
Lagos is the most expensive city in Africa with a rent index of 24.3. It is ranked 122 in the world.
In 2nd, 3rd and 4th places are Cape Town (18.0), Addis Ababa (17.8) and Dar es Salaam (14.4) respectively.
Numbeo said while the importance of urban centers such as proximity to better infrastructure and economic opportunities, cannot be disputed, the cost of living against revenue can always be weighed.
Meanwhile, Alexandria in Egypt; Cairo, capital city of Egypt; Tripoli in Libya; Algiers in Algeria and Tunis, Tunisia are the cities with the lowest cost of rent.
Latest Stories
-
Free-scoring Semenyo takes burden off Haaland
17 minutes -
Kane scores twice as Bayern beat rivals Dortmund
1 hour -
Lamine Yamal hits first hat-trick in Barcelona win
1 hour -
Iran says US and Israel strikes hit school killing 108
1 hour -
What we know so far: Supreme Leader Khamenei killed, Trump says, as Iran launches retaliatory strikes
2 hours -
Trump says Iran’s Supreme Leader Ali Khamenei dead after US-Israeli attacks
2 hours -
Ghana cautions nationals against non-essential travel to and from the Middle East as tensions escalate
4 hours -
NAIMOS has failed in galamsey fight; it’s time for a state of emergency – DYMOG to President Mahama
5 hours -
Mahama to open African Court judicial year in Arusha, mark 20th anniversary
5 hours -
Ghana begins partial evacuation of Tehran Embassy as Middle East tensions escalate
5 hours -
EPA tightens surveillance on industries, moves to cut emissions with real-time monitoring system
6 hours -
Police conduct show of force exercise ahead of Ayawaso East by-election
7 hours -
Ghana launches revised Early Childhood Care and Development Policy to strengthen child development framework
8 hours -
AI to transform 49% of jobs in Africa within three years – PwC Survey
8 hours -
Physicist raises scientific and cost concerns over $35m EPA’s galamsey water cleaning technology
8 hours
