Yes, according to 2022 data, the cost of living in Egypt is significantly cheaper compared to many Western countries.
Cost of Living Comparison
The following table illustrates how Egypt's cost of living stacks up against the United Kingdom and the United States:
| Country | Cost of Living Compared to Egypt |
|---|---|
| United Kingdom | Approximately 86.3% higher |
| United States | Approximately 65% higher |
This data takes into account various expenses, including:
- Average rent in major cities such as Cairo and Alexandria.
- The cost of everyday consumer goods (groceries, transportation, utilities, etc.).
Factors Contributing to Lower Cost of Living
Several factors contribute to the lower cost of living in Egypt:
- Lower average wages: Average wages in Egypt are generally lower than in the UK or the US, which impacts the cost of services.
- Subsidized Goods: The Egyptian government provides subsidies on essential goods, keeping prices lower for residents.
- Local Production: Much of the food and consumer goods are produced locally, reducing import costs and keeping prices competitive.
