Cost of living in Oda
Oda, a city in Ghana, offers a unique blend of cultural richness and modern living. Understanding the cost of living here is crucial for anyone planning to move or invest in the area.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you make informed 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
- 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.
- Car Purchase - A new Volkswagen Golf costs between $7145.16 and $19252.7, while a Toyota Corolla ranges from $8385.99 to $12000.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan ranges from 20% to 30%, averaging 24.25%.
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"
Oda offers a relatively affordable cost of living compared to many urban areas, with low dining and grocery prices.
Transportation costs are moderate, with affordable taxi fares and gasoline prices.
Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Oda presents a cost-effective living environment with affordable dining, grocery, and transportation options.
While housing costs and mortgage rates can be high, the overall expenses remain manageable for most residents.
This makes Oda an attractive option for those looking to balance cost with quality of life in Ghana.