In this article, TRIBUNE ONLINE takes a look at cheapest African countries based on their Cost of Living Index in 2024.
These indices are historical and they are published periodically. It’s a snapshot of the current indices at a specific point in time.
The cost of living is the amount of money needed to sustain a certain comfort level in a location.
The cost of living covers such basics as housing, groceries, taxes, and healthcare. Some countries have a very high cost of living, particularly in areas surrounding large cities. Nigeria is ranked 24 in the list with 19.0 cost of living index.
Here are the top ten (10) cheapest African countries to live in 2024, according to Numbeo:
|
Rank
|
Country
|
Cost of Living Index
|
Rent Index
|
Cost of Living Plus Rent Index
|
Groceries Index
|
Restaurant Price Index
|
Local Purchasing Power Index
|
|---|---|---|---|---|---|---|---|
| 1 | Mozambique | 45.2 | 20.7 | 33.4 | 36.3 | 42.2 | 12.5 |
| 2 | Senegal | 45.1 | 20.5 | 33.2 | 40.4 | 41.6 | 18.4 |
| 3 | Ivory Coast | 44.7 | 16.2 | 31.0 | 38.4 | 27.9 | 8.7 |
| 4 | Ethiopia | 43.1 | 14.9 | 29.5 | 39.8 | 19.9 | 10.7 |
| 5 | Mauritius | 41.1 | 10.9 | 26.6 | 42.4 | 28.7 | 33.0 |
| 6 | Zambia | 39.8 | 8.5 | 24.7 | 30.9 | 20.2 | 17.6 |
| 7 | Cameroon | 39.6 | 16.7 | 28.6 | 33.5 | 39.0 | 8.5 |
| 8 | Zimbabwe | 36.8 | 10.5 | 24.1 | 33.0 | 26.9 | 21.5 |
| 9 | South Africa | 33.4 | 11.5 | 22.9 | 27.1 | 29.2 | 83.9 |
| 10 | Uganda | 30.7 | 7.1 | 19.3 | 27.8 | 22.7 | 15.2 |
and then