Discover the Affordable and Enjoyable Cost of living in Benin republic 2024

Benin Republic, situated in West Africa, boasts a cost of living in Benin republic that is notably budget-friendly compared to neighboring countries in the region. This affordability makes it an appealing choice for expatriates and digital nomads seeking a cost-effective lifestyle. Living in Cotonou is an indescribable experience that blends vibrant music, colorful attire, delicious cuisine, and a welcoming lifestyle. The city’s diverse elements combine to create an adventurous and fulfilling way of life.

Life in Cotonou(Cost of living in Benin republic)

Cotonou is the largest city and the economic center of Benin in West Africa. The name ‘Cotonou’ literally means ‘by the river of death, which is a fitting name for a country that boasts the origins of ‘vodun’, or voodoo.

FOOD :

People here tend to spend their money in restaurants and Benin  restaurants offer good food for reasonable prices. Still, if you do not earn much, these offers may not be considered cheap. Restaurants frequently offer drinks that are low priced for those who earn salaries higher than the average. The cost of living in Benin republic can be more affordable if do not eat out, but buy groceries and cook at your own house as shopping at the local markets is even cheaper. Markets offer lower prices for domestic food, while the imported food and alcohol is a bit pricey.

Transportation(Cost of living in Benin republic)

If you are in Benin, you’ll definitely need to travel around the country or in your city, either by bus, taxi or car. The great thing is that the transportation rates are quite affordable and public transport functions very well, considering the fact that the country has one of the most developed road network. Travelers on motorbike taxis are encouraged to wear helmets to reduce the risk of head trauma in case of an accident. And there is GOZEM a mobile app which allows you to book a ride on your phone without stress.

Language(Cost of living in Benin republic)

French is the main language spoken in Benin, which has multiple ethnicities with distinct languages.  English is not commonly used.

Currency(Cost of living in Benin republic)

The currency of Benin is the West African CFA franc, abbreviated as XOF (ISO code). This currency is shared with several other countries in West Africa, including Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo, all of which are members of the West African Economic and Monetary Union (WAEMU).

The West African CFA franc has its origins in the French colonial era and has been in circulation since the mid-20th century. It is issued by the Central Bank of West African States (BCEAO). The currency is pegged to the euro at a fixed rate, providing stability in international transactions and exchange rates. This fixed rate is guaranteed by the French Treasury.

The XOF is divided into smaller units called centimes. Coins and banknotes are issued in various denominations, ranging from small denominations like 1 franc to larger denominations like 10,000 francs. The West African CFA franc is widely used in everyday transactions throughout Benin. It is accepted in both cash and electronic forms, facilitating commerce and trade within the WAEMU region.

Exchange services for the XOF are readily available in banks, exchange bureaus, and major hotels in Benin. ATMs also dispense cash in XOF, making it convenient for travelers and residents alike.

Apartment for rent in Cotonou(Cost of living in Benin republic)

Every apartments in Cotonou Benin Republic has a handy light and water meter. Light and water supplies are quite stable, which is a beautiful characteristic of the Benin Republic. Yet in order to take advantage of these comforts, one must pay bills each month, which might be expensive if consumption isn’t controlled well. When renting an apartment, additional fees such as light and water caution are also paid. 

Unfurnished apartment for rent in Cotonou(Cost of living in Benin republic)

When renting an unfurnished apartments in Cotonou, it’s important to clarify the terms of the lease agreement with the landlord or property manager. This should include details such as the monthly rent, security deposit, length of lease, and any additional fees or charges.

It’s also important to inspect the apartment before signing the lease agreement, to ensure that it meets your expectations and is in good condition. This includes checking the plumbing, electrical systems, and any appliances that may be included with the apartment. In order to rent an apartment here, you often have to pay 6 months’ worth of rent upfront plus 3 months’ worth of security. Unfurnished apartment for rent in cotonou.

In other words, the three months’ rent deposit you pay is like a holding deposit held by the landlord or caretaker and will be returned to you when you’re ready to move out, assuming you didn’t damage any property in the house and you don’t owe rent. After your first three months in the unit, the three months advanced will expire, and you will then need to start paying rent on a monthly basis.

Self contain apartment for rent in Cotonou( cost of living in Benin republic)

If you’re looking for a comfortable and affordable accommodation option in Cotonou, as a student, then self-contained rooms for rent might just be the perfect fit for you. Here are some reasons why self-contained rooms are a great option:

1. Privacy: With a self-contained room, you have your own private space to relax, study or work without any distractions from roommates. You can also have guests over without worrying about disturbing anyone else.
2. Cost-effective: Self-contained rooms for rent are often more affordable than renting an entire apartment. You get all the basic amenities you need without having to pay for extra space that you don’t necessarily need.
3. Convenience: Self-contained rooms come fully furnished and equipped with everything you need, including a bed, wardrobe, desk, and even a kitchenette in some cases. This means you can move in with just your personal belongings and start living comfortably from day one.
4. Location: Many self-contained rooms are located in convenient and accessible areas of Cotonou, making it easy to get around the city and access public transportation, shops, and other amenities.
5. Flexibility: Self-contained rooms are often available for short-term rentals, making them a great option for students, tourists, or anyone who needs temporary accommodation.

Generally, the prices of self-contained rooms for rent in Cotonou range from CFA to CFA 35,000 and above per month. However, the prices may be higher or lower depending on the location and facilities of the room.

In popular areas such as Akpakpa, Calavi, and Ganhi, the prices of self-contained rooms for rent in Cotonou are typically higher due to their proximity to commercial and business centers. In these areas, you can expect to pay between CFA 60,000 to CFA 150,000 per month for a self-contained room. The prices of these self-contained rooms for rent in Cotonou vary depending on the location and facilities available.

1 bedroom flat apartment for rent in Cotonou(luxury apartments)

This is the most popular option for people seeking Affordable Furnished Apartments in Cotonou

This apartment comes fully furnished with essential amenities, including beds, sofas, dining tables, kitchen appliances, AC, allowing you to settle in effortlessly and comfortably.

It is made up of a living room, a bedroom, a toilet, a bathroom, and a kitchen

This furnished apartment can be rented for a day, a week, or a few months.

Amenities and services Included:

• Air conditioning and Ceiling fan
• Microwave
• A dedicated workspace
• Parking space
• House cleaning (Once a week)

Not Included:

• Light & Water Bills (for a stay period of more than 3 days)

1 bedroom flat Apartments in Cotonou price range are 12,000 CFA Per night or250,000 CFA Monthly

Conclusion

Exploring the cost of living in Benin Republic reveals a landscape of affordability and opportunity. With relatively low costs for essentials like accommodation, food, and transportation, Benin presents an attractive option for expatriates, entrepreneurs, and anyone seeking to live comfortably without straining their budget.

While urban centers like Cotonou may offer higher rental prices, particularly in central areas, the overall expense remains manageable compared to many Western countries. Local markets provide fresh produce at affordable prices, while dining out offers a taste of Beninese cuisine without breaking the bank.

Navigating utilities and healthcare costs, while essential considerations, generally align with reasonable expectations, further enhancing the appeal of living in Benin Republic. Whether you’re planning a short-term stay or considering a more permanent relocation, understanding the cost dynamics ensures a smooth transition and enjoyable experience.

Ready to explore the affordable and vibrant lifestyle in Benin Republic? Start planning your journey today and discover what this welcoming West African nation has to offer.

Contact us on (+22995711553) or WhatsApp [+22953836082] to schedule a viewing! or visit our web site campusbenin.orghttps://campusbenin.org