One of humanity's most basic requirements is shelter. It is, however, not inexpensive. This unpleasant fact is especially problematic in Africa, where millions of people are forced to live in shanties or ghettos due to a lack of adequate living circumstances.
The 9 most expensive African countries to rent a property is presented by Business Insider Africa.
Numbeo, the largest global provider of perceived consumer pricing and other statistics, compiled this list.
The median household price to income ratio compares the median household price to the median household income in a certain location.
The 9 most costly African countries to rent a one-bedroom apartment are listed below.
1. Ghana: This West African country has an affordability score of 0.04 percent and a property price to income ratio of 87.65 percent. In Accra's city center, a one-bedroom apartment might cost as much as $884.46 per month. After taxes, the average monthly net pay is $344.84.
2. Kenya: Kenya's home price to income ratio is 24.24 percent, despite a 0.29 percent affordability index. A one-bedroom apartment in Nairobi's city center costs $389.62 per month on average. In addition, the average net monthly pay is $493.38.
3. Algeria: Algeria is the next country on our list, with an affordability score of 0.61 percent and a property to income ratio of 18.25 percent. A one-bedroom apartment in the heart of Algiers, Algeria's capital, costs $211.85 a month on average. Meanwhile, the monthly average wage is $250.09.
4. Nigeria: Africa's most populous country has a property to income ratio of 16.11 percent, despite a 0.31 percent affordability index. A one-bedroom apartment in the city center of Lagos, Nigeria's commercial metropolis, can cost as much as $1,567 per month. Meanwhile, the city's average net salary is $232.93.
5. Morocco: Morocco has a 12.60 percent house price to income ratio and an affordability rating of 0.98. A one-bedroom apartment in the heart of Rabat, Morocco's capital, costs an average of $469.49 a month. Meanwhile, the city's average net salary is $429.62.
6. Egypt: Egypt has a 12.04 percent house price to income ratio and a 0.61 percent affordability index. A one-bedroom apartment in Cairo's city center costs $225.40 per month on average. Meanwhile, city residents earn an average net monthly salary of $258.89.
7. Tunisia: Tunisia has an 11.75 percent property to income ratio and a 0.61 percent affordability index. A one-bedroom apartment in Tunis's center might cost $228.95 per month. The city's average monthly net pay is $271.59.
8. Mauritius: This island nation has a 9.71 percent property to income ratio and a 0.61 percent property affordability index. A one bedroom apartment in the heart of Port Louis, the country's capital, can be rented for $393.97 per month on average. The median annual pay is $455.
9. South Africa: South Africa has a property to income ratio of 3.07 percent and a 2.93 percent affordability index. A one-bedroom apartment in Johannesburg's central business district costs $422.94 a month. In the meantime, the net monthly income is $1,535.73.