Cost of living in Tarkwa
Tarkwa, a notable city in Ghana, offers a unique blend of cultural richness and economic activity. Understanding the cost of living here is crucial for anyone considering relocation or planning an extended stay.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to transportation and housing, 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
- Fuel (Gasoline) - Gasoline is priced between $0.79 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
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $32.09 and $79.96 monthly, averaging $57.02.
- International Primary School, Yearly for 1 Child - International primary school fees range from $4815.15 to $15000 annually, averaging $7655.73.
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"
Tarkwa offers a relatively affordable cost of living, especially in terms of dining and basic utilities. However, imported goods and international schooling can be more expensive.
Transportation costs are moderate, with affordable fuel prices and taxi fares. Housing costs are not detailed, but childcare and education expenses are significant considerations for families.
Conclusion
In conclusion, Tarkwa presents a cost-effective living environment with affordable dining and utility costs. While some imported goods and educational expenses can be higher, the overall cost of living remains manageable.
Prospective residents should consider their specific needs, such as schooling and transportation, to budget effectively. Tarkwa's economic landscape offers opportunities for a balanced lifestyle.