Cost of living in Accra
Accra, the vibrant capital city of Ghana, is known for its bustling markets, rich culture, and dynamic lifestyle. Understanding the cost of living in Accra is crucial for anyone planning to move or invest in the city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $4.82 on average, with a range between $1.89 and $8.18.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $43.55, with prices ranging from $30.8 to $86.59.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.37, with a range between $5.39 and $9.33.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.63 to $2.49, imported beer $1.31 to $3.67, cappuccino $1.42 to $5.12, and Coke/Pepsi $0.44 to $1.61.
Grocery Prices
- Milk - Milk is priced between $2 and $4.37 per liter, averaging $2.99.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.93 and $2.23, with an average price of $1.52.
- Eggs (Dozen) - A dozen eggs range from $1.49 to $3.69, averaging $2.28.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.03 to $4.18 per kg, while oranges range from $0.69 to $4.13 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.46 and $4.35 per kg, and lettuce costs $0.3 to $1.28 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.71 and $1.38, with a monthly pass priced between $23.67 and $62.19.
- Fuel (Gasoline) - Gasoline is priced between $1.08 and $1.41 per liter.
- Taxi Fares - Taxi fares start at $0.93, with a cost of $0.8 to $1.34 per km and $3.11 to $8.88 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $300 to $1444.55, averaging $627.15.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $60.61 to $266.52, averaging $112.15.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $616.09 to $3680.98, averaging $1374.76.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $200 to $638.22, averaging $333.91.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $1089.28 to $5000, averaging $4014.88.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $2500 to $3013.89, averaging $2628.47.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $29.95 and $96.3, averaging $51.9.
- Internet - Internet services range from $26.17 to $96.3, with an average cost of $44.4.
Cost of Living Rankings
Accra ranks 1st on the Cost of Living rankings in Ghana. The cost of living indices for Ghana are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Ghana, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Accra offers a relatively affordable cost of living compared to many global cities, with low prices for dining and transportation.
Housing costs vary significantly depending on location, with city centre apartments being more expensive.
Grocery prices are moderate, but imported goods can be pricier.
Utilities and internet services are reasonably priced, contributing to the overall affordability of living in Accra.
Conclusion
In conclusion, Accra presents a balanced cost of living with affordable dining and transportation options.
While housing in the city centre can be costly, options outside the centre offer more budget-friendly alternatives.
Overall, Accra is an attractive destination for those seeking a vibrant lifestyle without the high costs associated with many other capital cities.