Affordability is a major characteristic that defines many African cities and provides several benefits to both inhabitants and investors. As the globe struggles with the issues of growing urbanization and rising living costs, African cities provide a compelling paradigm of affordability. Embracing and cultivating affordability may contribute to long-term urban growth, economic prosperity, and improved citizens’ quality of life.
- Business Insider Africa presents the top 10 most affordable African cities to live in 2024.
- This list is according to Mercer’s Cost of Living City Ranking 2024.
- Abuja, Nigeria ranks number 1 on this list, right before fellow Nigerian city; Lagos.
While the cost of living is rising in many cities throughout the world, certain African cities have one special advantage: they are still incredibly inexpensive.
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Affordable cities in Africa almost certainly guarantee a great range of people have access to basic services, amenities, and opportunities. This affordability promotes social cohesiveness and narrows the gap between different socioeconomic groups.
Top 10 most affordable African cities to live in 2024
1.Abuja, Nigeria
Abuja, Nigeria’s purpose-built capital city, stands out not just for its modernity and grandeur, but also for its relative affordability in comparison to many other worldwide capitals. While cost may not be the first thing that comes to mind when thinking about a capital city, Abuja’s accessibility provides several benefits to both inhabitants and tourists. It ranks 226th out of the 226 countries ranked by Mercer.
2.Lagos, Nigeria
Lagos, Nigeria’s dynamic and bustling megacity, exemplifies Africa’s urban resiliency and energy. Despite its image as a fast-paced and economically dynamic metropolis, Lagos has an unexpected advantage: it is more affordable than many other global megacities. It is the second most affordable city on Mercer’s cost of living index with a rank of 225th, right after fellow Nigerian city; Abuja.
3.Blantyre, Malawi
Blantyre is a desirable location for startups, small firms, and budding entrepreneurs because of its affordability, which encourages an entrepreneurial spirit. Reduced overhead and operating costs, such as rent, foster an atmosphere that is favorable to company expansion and innovation. It is the 221st most expensive city according to Mercer.
4.Durban, South Africa
The low cost of living in Durban guarantees financial accessibility for a wide range of citizens, including seniors, young professionals, and blue-collar workers. In contrast to many other cities, where exorbitant living expenses erect obstacles to entrance, Durban’s affordability promotes social cohesiveness and inclusion. It ranks 219th on Mercer’s city’s most expensive cost of living index.
5.Windhoek, Namibia
This Namibian mega city has an inexpensive cost of living compared to many other capital cities. Residents experience an ideal quality of life thanks to low housing expenses, plentiful recreational possibilities, and a pleasant attitude. Windhoek residents may live a balanced lifestyle without losing financial security, resulting in increased well-being and contentment with city living. It comes in at 218th on the list.