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
-
NDC government has failed to deliver on job creation promise – Sammy Awuku
2 minutes -
Ghana needs effective solutions to rising unemployment, not slogans – Oppong Nkrumah
6 minutes -
Oppong Nkrumah calls for overhaul of Ghana’s youth employment strategy
16 minutes -
Minnesota attacker pleads guilty in killing of lawmaker and husband, avoids death penalty
18 minutes -
When does personal conduct become institutional responsibility? The GES debate explained
19 minutes -
Scientific consensus calls for wildlife protection to be integrated into global climate change policy
33 minutes -
Seequent turning old data into the new mining edge
34 minutes -
NPA receives ultra-modern tanker drivers’ rest stop at BOST Kumasi depot
37 minutes -
Toronto police officer dies in raid linked to US consulate shooting
41 minutes -
Black Sherif and how to listen to Ghanaian pop
47 minutes -
GOIL proposes GH¢23.5m dividend, profit rises to GH¢90.67 million
48 minutes -
African Forest Forum study finds gaps in science journalism and forestry reporting in Africa
51 minutes -
Sunnyside Schools marks AU Day, calls for stronger cultural awareness among learners
52 minutes -
“Love is not enough?” – itz Tiffany’s “Money” teaser ignites debate over modern relationships
59 minutes -
Ghana Gas CEO courts global investors at Energy Conference in Canada
1 hour