The Cost of living is the amount that is needed to cater for the basic requirements of a person such as housing, clothing, food, health care and taxes in a certain part of the country over a given period of time. Cost of living is majorly used for comparison of towns in Kenya in order to identify the most expensive towns. This helps to increase the amount of income in the most expensive town so that people living there can afford the basic needs.
In this article, I am going to elaborate on the cost of living in Kenya in US Dollars so that you can be able to gauge the financial position that you are in.
The cost of living in Kenya in US Dollars for a single-family is 480$ per month while that of a family of four is approximately 1,700$ per month. Based on statistics, the cost of living in Kenya is about 52% lower than the amount in the United States.
You may also be interested in knowing the cost of living in Kenya’s capital city- Nairobi, which is about 505$ for a single person with rent not being included. Cost of living in Nairobi Kenya is always expensive compared to towns like Mombasa, Kisumu, Nakuru and the rest of the towns in the country.
Besides, the high cost of living in Kenya has led to inflation of 6% which is making Kenyan decry because it really affects the poor who are not able to afford the basic needs on a daily basis. The government of Kenya has therefore promised to recheck its economy so as to be able to cater to the needs of all citizens.
Anyone considering touring Kenya or relocating to Kenya should always ensure that they are aware of the cost of living in Kenya in US dollars.
In conclusion, cost of living in Kenya highly varies depending on the town one is living in. In order to maintain the cost of living in expensive towns, companies pay high wages to citizens so that they can be able to suit the cost of living in that particular town.