As the global economic landscape shifts, Africa remains a key region in discussions about the cost of living.
According to the current Cost of Living Index from Numbeo for 2024, cities across the continent exhibit considerable differences in living expenses, shaped by factors such as housing, food, transportation, and utilities.
This index compares consumer goods prices (excluding rent) relative to New York City, which serves as a benchmark with an index of 100%, helping to contextualize the cost of living in African cities against global standards.
Here are 5 cities in Africa with the highest cost of living in Q3 2024
1. Gaborone, Botswana – 44.6
Gaborone tops the list with its high demand for housing and reliance on imported goods, pushing prices up across key sectors. Rising rental and transportation costs significantly contribute to its elevated index.
2. Accra, Ghana – 38.3
Accra’s high living costs are driven by soaring real estate prices and the city’s reliance on imported goods. Food, transportation, and housing contribute significantly to the overall expense in Ghana’s capital.
3. Johannesburg, South Africa – 37.0
Johannesburg’s cost of living is fueled by expensive real estate and rising utility costs, especially electricity. Transportation expenses add to the city’s high living index, with many residents dependent on cars.
4. Harare, Zimbabwe – 37.0
Harare faces high living costs due to inflation and reliance on imports. Expensive housing, food prices, and erratic transportation costs contribute to its elevated index.
5. Port Elizabeth, South Africa – 34.9
Port Elizabeth rounds out the list, with rising utility and housing costs driven by its growing industrial base. Transportation also plays a significant role in the city’s living expenses.
