Cost of Living in Kenya

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Hello Displorers, welcome to another informative video presented to you by Displore and thanks for watching. The housing, transportation, education and health cost of any country is a great indication of the cost of living of any country. The cost of living in Kenya is the reflection of the quality of life shown in how much is spent on housing, transport, education and health. That is why in this video, we shall examine the cost of housing, transportation, education and health in Kenya to determine cost of living in the country. But first we need to understand what cost of living really is.
The cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period. The cost of living is often used to compare how expensive it is to live in one city versus another. The cost of living is tied to wages because if expenses are higher in a city, such as New York, for example, salary levels must be higher so that people can afford to live in that city. The cost of living can be a significant factor in personal wealth accumulation because a salary can provide a higher standard of living in a country where daily expenses such as rent, food and entertainment are less. In contrast, a high salary can seem insufficient in an expensive country.

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An Overview of Kenya’s Cost of Living
According to a 2017 Business Insider article, Kenya comes 25th from a total of 30, as the best countries for expats to relocate to given that prices are 47% lower than in the USA. Average rent for a 900 square foot apartment in a sought-after area of Nairobi is $1,387.41, and monthly utilities are $58.85as of May 2018. Prices analysed in March 2018 by Expats show that Nairobi is 56% cheaper than London with housing, entertainment and transportation all coming in at around 50% lower than London prices. In terms of the cost of living, Nairobi ranks 422nd from a list of 551 cities surveyed across the world. But then the prices all depend on the quality of life that you demand. 2018 figures from Numbeo show that a four-person family living in Nairobi can expect to spend $1,787.22 a month simply on living costs and this figure doesn’t include rent or mortgage expenses. Kenya’s fast broadband service costs $50.78 a month.Should you wish to invest in a car during your stay in the country, a Volkswagen Golf will set you back about $10,141.29 and filling the car with petrol will come to $0.92 per litre. Petrol prices vary across the country, and they’re more expensive in remote areas. The cost of living in Kenya is a product of the earnings of those who work and live in the country be it citizens or expats. Hence, just as the cost of living will vary depending on the quality of life you demand, it can also be deduced that the income of individuals and households will determine the cost and therefore, quality of life. High incomes with lower or even higher prices will mean cost of living is lower but on the flip side, low incomes will mean high cost of living even if the prices were relatively low. On this accord, we need to get the salary ranges in Ghana to decent if the cost of living in Ghana is high or low.

Salaries in Kenya
Salaries in Kenya very depending on if the individual works with the formal, informal, international and local sectors as well as blue- and white-collar jobs. Working for a large multinational company, you can expect to receive lucrative remuneration compared to those who work at local companies especially as labourers. Quoted salaries for British American Tobacco workers in Kenya are estimated at $1,150 per year and can peak up to $3,000. An Accounts Assistant at Unilever can expect to earn over$2,000 and a Customer Service Executive at Safaricom, one of Africa’s largest telecommunications companies, can command up to $4,200. But when we look at the salaries of workers with NGOs in Kenya, a senior role at Amnesty International perhaps will bring in a salary of approximately $3,500 to $5,000. But then many NGOs pay a lot less and you can expect to earn only about $925 as a starting salary. Several studies especially an article with The Business Daily suggest that those working for NGOs and expats working in Kenya commanded far higher salaries than the local population working in strictly Kenyan concerns. All these cannot be written on stone given the incomes of business owners and those in the informal sector cannot be factored in as they are kept private by these individuals hence these will be serving just as a base.

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