Togo's cost of living index is estimated at 40 (NYC=100), indicating it is affordable. Groceries (index 41) and restaurants (index 24) are notably inexpensive. The provided Rent Index is very low at 6.4.

The Rent Index for Togo is very low at 6.37. While a specific property price to income ratio is unavailable, the extremely affordable rental market suggests that housing costs are generally very low, making it very affordable for residents.

Togo's purchasing power index is unavailable. However, with a GDP per capita (PPP) around $3,300 in 2024 and an average gross monthly salary of approximately XOF 120,000–135,000 (USD 190–215) in early 2026, the overall purchasing power is considered low. The minimum wage purchasing power is equivalent to earning $2/hr in the United States.

Togo operates a progressive personal income tax system with rates ranging from 0.5% to 35%. The standard Value Added Tax (VAT) rate is 18%. Property tax is levied at 15% of net cadastral income for secondary homes, effective January 2024, though overall property tax revenue is limited. The tax-to-GDP ratio was estimated at 13.1% in 2025.

Togo ranked first in West Africa and third in sub-Saharan Africa in the World Bank's B-Ready 2025 report with an overall score of 61.52 points. The country performs strongly in business entry due to streamlined procedures and electronic registration, but has room for improvement in market competition.

Togo has been rolling out universal healthcare (AMU) since 2024, expected to cover all residents, including public, private, and informal sector workers, by 2025. While coverage is expanding, public healthcare facilities are generally poor and limited, with less than one doctor per 10,000 people. A pension system is managed by the National Social Security Fund (CNSS) for private sector employees.

Deposits in Togo are protected by the Fonds de Garantie des Dépôts et de Résolution de l'UMOA (FGDR-UMOA) up to 1,400,000 XOF (approximately USD 2,502) per depositor for credit institutions. While part of the regional WAEMU banking system, some Togolese banks violated prudential norms at the end of 2024, indicating vulnerabilities. Efforts are ongoing to improve financial sector stability.