Numbeo also revealed that Accra has the world’s highest Mortgage percentage income ratio, followed closely by Buenos Aires (Argentina) and Tehran (Iran) in second and third place, respectively.
Mortgage as Percentage of Income is a ratio of the actual monthly cost of the mortgage to take-home family income.
“Average monthly salary is used to estimate family income. It assumes 100% mortgage is taken on 20 years for the house (or apt) of 90 square meters which price per square meter is the average price in the city centre and outside of city centre,” the site explained.
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0:00 Intro
1:00 Questioning Accra Expensive Fact
2:40 its not everyday Floss
2:55 Expenses are crazy
3:38 Learn to live like a local
4:14 Local Ghanaian food
5:29 Budget like local, live like president
6: 30 Kumasi more expensive than Accra!
7:09 Budget right!
8:04 Christmas has come early
9:35 why Accra can be expensive
11:02 Accra the playground for the rich
12:20 Restaurants and Airbnbs
14:10 The type of things that are expensive
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