Moderate costs (CPI: 50.7). Groceries (48.9) and restaurants (43.1) are relatively affordable compared to NYC baseline.

Property prices are very high relative to income, with a ratio of 40.6 years. The rental market (Rent Index: 18.1) is more affordable.

Purchasing power is low, with an index of 23.3 compared to NYC, indicating limited buying power for residents.

Senegal has a progressive personal income tax with rates up to 43%. The standard Value Added Tax (VAT) is 18%, with a reduced rate of 10% for some sectors. Property taxes are 5% of the rental value but collection has been historically low.

Senegal was ranked 123rd in the last World Bank Ease of Doing Business report (2019). However, recent initiatives like the 2020 Startup Act and the 'Startup Ecosystem' program (launched Nov 2025) aim to improve the environment with tax incentives and support. The country's startup ecosystem is ranked 92nd globally (2025).

Senegal has a comprehensive social security system covering medical care, pensions, and family allowances. Universal healthcare benefits are provided, and a mandatory pension scheme (IPRES) exists for salaried employees, with unemployment benefits available for up to six months.

Deposits are protected up to 1,400,000 FCFA (approximately USD 2,506) per depositor by the Deposit Insurance and Resolution Fund in the West African Monetary Union (FGDR-UMOA). The banking sector is supervised by the BCEAO, but recent assessments highlight solvency and asset-quality risks due to high sovereign exposure.