Top 10 African countries with the lowest cost of living in mid-2025
Business Insider Africa presents the top 10 African countries with the lowest cost of living in mid-2025.
This list is courtesy of Numbeo.
Libya ranks number 1 on the list.
The affordability of necessities like food, housing, transportation, and healthcare not only raises the standard of living for the populace but also boosts the overall economy.
The advantages of a low cost of living are numerous, ranging from drawing in investment and keeping talent to growing the middle class and encouraging the expansion of small businesses in the area.
Preserving affordability may be one of the most important strategies used by African countries in their pursuit of inclusive development.
When necessities are inexpensive, families have less financial stress. They can afford nicer homes, healthier food, and a good education. This results in healthier, more productive societies and stronger communities.
Lower living costs give consumers more discretionary cash to spend on products and services.
This boosts demand, promotes company growth, and broadens the tax base, all of which increase national income without raising taxes.
Investors and businesses choose nations with low operating expenses and higher employee compensation.
A low cost of living lessens wage pressure while yet guaranteeing that workers can live comfortably, resulting in a win-win situation for both companies and employees.
Furthermore, talent retention is higher in nations with reasonably priced living standards. There is far less of an incentive for young people to move when they can establish a secure lifestyle, own houses, and raise families at home.
Starting a business is less hazardous when living expenses are modest. A thriving startup ecosystem is fueled by entrepreneurs' access to a consumer base with purchasing power, reduced administrative costs, and affordable talent hiring.
With that said, here are the African countries with the lowest cost of living mid-way into the year, as per data from Numbeo.
Top 10 African countries with the lowest cost of living in mid-2025
Rank Country Cost of living index mid-2025 Global rank
1. Libya 18.6 2nd
2. Egypt 19.0 3rd
3. Madagascar 20.7 6th
4. Algeria 24.5 14th
5. Tunsia 25.5 20th
6. Uganda 26.0 23rd
7. Nigeria 26.4 25th
8. Morocco 27.2 29th
9. Kenya 28.2 30th
10. Namibia 29.3 32nd
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