X24 Media Group compiled a list of the top ten African nations with the lowest cost of living in 2023. This list is provided by Numbeo, one of the world’s most comprehensive data and research platforms.
Numbeo collects data by user input and manually acquired data from official sources (supermarket websites, taxi business websites, governmental organizations, newspaper articles, and others).
The cost of living is a measure of how much money it takes to live a somewhat normal standard of life. We frequently discuss the cost of living differences between different areas, such as the difference between cities or the difference between nations.
Economists calculate the cost of living by comparing the costs of items that individuals require to live an average life—food, housing, transportation, energy, healthcare, and taxes. They next seek to discover where the costs are the most costly overall.
According to Numbeo, one of the world’s most comprehensive data and research platforms, this article consists of the ten African countries with the lowest cost of living in 2023.
Below are 10 African countries with the lowest cost of living in 2023 according to Numbeo
| Rank | Country | Cost of living index | Local purchasing power |
|---|---|---|---|
| 1. | Egypt | 21.6 | 21.9 |
| 2. | Libya | 24.2 | 32.1 |
| 3. | Tunisia | 26.5 | 30.0 |
| 4. | Ghana | 26.7 | 17.2 |
| 5. | Algeria | 27.6 | 26.9 |
| 6. | Morocco | 29.3 | 33.6 |
| 7. | Rwanda | 30.0 | 30.0 |
| 8. | Tanzania | 30.8 | 20.5 |
| 9. | Nigeria | 30.9 | 8.4 |
| 10. | Uganda | 32.1 | 12.5 |
