What are the most affordable countries to live in Africa in 2015?
Say, you’ve been dreaming of going on a safari in the Serengeti to see the lions, or to climb Mt. Kilimanjaro and see the wide African plains below. The problem is, you don’t know where to settle in Africa. Add to this that you are recently retired and now live on your pension – which means less income from your previous office job. Worry not, as we present to you the list of the 11 Most Affordable Countries to Live in Africa in 2015. If Africa isn’t your cup of coffee and you’d rather go elephant-riding in the forests of Thailand or take a hot-air balloon ride for a bird’s eye view of Angkor Wat, feel free to check out the 11 Most Affordable Countries to Live in Asia in 2015.
Africa may be the so-called last frontier, but economic development and technology in most African countries have been improving steadily. As a result, some of the 11 Most Expensive Cities to Live in Africa are also the most expensive in the world, but because this is a list of the most affordable countries to live in Africa, we will be discussing – mostly in superlatives – how affordable and inexpensive it is to reside in these countries.
Insider Monkey collected data mostly from information provided by the World Bank and Trading Economics on the Consumer Price Indexes (CPI) for countries. The consumer price index is an evaluation of the prices of goods and services in a particular country, which gives an estimate of how costly it is to live in that country. Available data is for 2014 and mid-2015. The CPI of each country for 2014 and 2015 was averaged to get a better picture of how costly or cheap it is to reside in the given country. The average CPI will determine the rank of each country on our list. Also indicated is the CPI for 2014 and 2015 for each country.
These numbers are accurate as of October 2015, and they should give you an idea of how reasonable it is to settle in the 11 Most Affordable Countries to Live in Africa in 2015.