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
-
Pound falls as borrowing costs rise to highest since 2008
13 minutes -
Court to begin trial of two prisoners accused of escaping
29 minutes -
Joe Biden says he could have defeated Donald Trump
45 minutes -
Bergvall scores late winner as Spurs beat Liverpool in Carabao Cup first leg
4 hours -
Barca’s Olmo granted temporary permission to play
4 hours -
West Ham to appoint Potter after sacking Lopetegui
4 hours -
Mahama’s first day at work on Jan. 8
5 hours -
Zoomlion Ghana earns praise for clean up before and after presidential inauguration
5 hours -
Demystifying derivatives–clarifying interest rate risk management
5 hours -
Telecel Ghana crowns millionaire in the More Money Promo
5 hours -
Power crisis looms as government needs $90m to avert ‘dumsor’ – GRIDCo report
5 hours -
Barcelona defeat Athletic without Olmo to reach Spanish Super Cup final
6 hours -
Theodore Dzeble: The return of another John
6 hours -
This is your moment in history, my dear friend’s wife
6 hours -
Call me ‘Ɔsahene’ in Parliament – Afenyo-Markin announces new title to colleague MPs
6 hours