Cost of living in Cape Coast
Cape Coast, a historic city in Ghana, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering relocating or planning an extended stay.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you budget effectively.
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
- 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 averages $453.58.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $428.39.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $913.47.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $818.97.
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
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
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"Key Takeaways"
Cape Coast offers a relatively affordable cost of living compared to many global cities, with reasonable prices for dining and groceries.
Housing costs are moderate, especially outside the city centre, making it a viable option for those seeking budget-friendly accommodation.
Transportation and utility costs are manageable, contributing to the overall affordability of living in Cape Coast.
Conclusion
In conclusion, Cape Coast presents a balanced cost of living, making it an attractive destination for both locals and expatriates.
With its affordable housing, reasonable dining options, and manageable transportation costs, Cape Coast is well-suited for individuals and families looking for a cost-effective lifestyle in Ghana.