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Marrakech – Moroccan cities are climbing the ranks in Africa’s rental market, with three urban centers now featured among the continent’s 20 priciest cities for housing, according to the latest data from international cost-of-living platform Numbeo.
Casablanca leads the pack, securing the 5th position in Africa and ranking 271st globally out of 391 cities analyzed.
The capital, Rabat, comes in 8th in Africa and 283rd worldwide. Marrakech has seen a significant rise, jumping nine spots to 17th in Africa and 339th globally for rental costs.
On the African continent, Addis Ababa in Ethiopia tops the list, followed by Cape Town, Windhoek, Kigali, and Casablanca.
Globally, the top five cities with the highest rents remain dominated by the United States, with New York leading, followed by Boston, San Francisco, and San Diego. Singapore rounds out the top five.
Numbeo’s rankings are based on a cost-of-living index comparing average expenses across cities worldwide, using New York as a benchmark with an index of 100%.
The rental index specifically measures the average cost of housing relative to New York, for example, an index of 80 indicates that rents are roughly 20% lower than in the US metropolis.
In addition to the Rent Index, the Numbeo platform provides several other cost-of-living indicators, including the Cost of Living Index (Excluding Rent), Groceries Index, Restaurants Index, Cost of Living Plus Rent Index, and Local Purchasing Power.
These indices provide key insights into the economic landscape of various cities, helping individuals and organizations make informed choices regarding relocation, travel, or business activities.
Read Also: Marrakech Ranks Seventh Best City in the World of 2022
