Is the cost of living in Somalia high?

"The cost of living in Somalia is generally quite low, with basic necessities such as food and housing being relatively inexpensive. However, the cost of living in the capital city of Mogadishu is significantly higher than in the rest of the country. A nice 1 bedroom apartment in Mogadishu can cost around $500 per month, while a nice 2 bedroom apartment can cost around $700 per month. Eating dinner at a moderately priced restaurant in Somalia can cost around $10 per person," explained one expat living in Somalia.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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