Cost of Living Comparison Between Lagos and London 
| Indices Difference |  |
|---|---|
| Consumer Prices in London are 153.7% higher than in Lagos (without rent) | |
| Consumer Prices Including Rent in London are 134.9% higher than in Lagos | |
| Rent Prices in London are 103.3% higher than in Lagos | |
| Restaurant Prices in London are 217.5% higher than in Lagos | |
| Groceries Prices in London are 126.1% higher than in Lagos | |
| Local Purchasing Power in London is 791.3% higher than in Lagos | |
Restaurants | Lagos Edit |
London Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,000.00 ₦ (3.45 C$) |
11,602.08 ₦ (20.00 C$) |
+480.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
22,500.00 ₦ (38.79 C$) |
58,010.39 ₦ (100.00 C$) |
+157.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
3,500.00 ₦ (6.03 C$) |
7,541.35 ₦ (13.00 C$) |
+115.5 % |
| Domestic Beer (1 pint draught) |
500.00 ₦ (0.86 C$) |
3,480.62 ₦ (6.00 C$) |
+596.1 % |
| Imported Beer (12 oz small bottle) |
900.00 ₦ (1.55 C$) |
4,060.73 ₦ (7.00 C$) |
+351.2 % |
| Cappuccino (regular) |
1,746.86 ₦ (3.01 C$) |
2,859.55 ₦ (4.93 C$) |
+63.7 % |
| Coke/Pepsi (12 oz small bottle) |
196.34 ₦ (0.34 C$) |
1,582.66 ₦ (2.73 C$) |
+706.1 % |
| Water (12 oz small bottle) |
131.52 ₦ (0.23 C$) |
1,227.43 ₦ (2.12 C$) |
+833.3 % |
Markets | Lagos Edit |
London Edit | |
| Milk (regular), (1 gallon) |
6,746.94 ₦ (11.63 C$) |
5,780.00 ₦ (9.96 C$) |
-14.3 % |
| Loaf of Fresh White Bread (1 lb) |
738.39 ₦ (1.27 C$) |
1,619.55 ₦ (2.79 C$) |
+119.3 % |
| Rice (white), (1 lb) |
565.35 ₦ (0.97 C$) |
1,372.23 ₦ (2.37 C$) |
+142.7 % |
| Eggs (regular) (12) |
1,098.17 ₦ (1.89 C$) |
2,462.03 ₦ (4.24 C$) |
+124.2 % |
| Local Cheese (1 lb) |
1,298.29 ₦ (2.24 C$) |
4,898.81 ₦ (8.44 C$) |
+277.3 % |
| Chicken Fillets (1 lb) |
1,323.15 ₦ (2.28 C$) |
3,971.40 ₦ (6.85 C$) |
+200.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,609.17 ₦ (2.77 C$) |
3,996.13 ₦ (6.89 C$) |
+148.3 % |
| Apples (1 lb) |
875.63 ₦ (1.51 C$) |
1,278.55 ₦ (2.20 C$) |
+46.0 % |
| Banana (1 lb) |
599.12 ₦ (1.03 C$) |
407.97 ₦ (0.70 C$) |
-31.9 % |
| Oranges (1 lb) |
566.14 ₦ (0.98 C$) |
1,200.19 ₦ (2.07 C$) |
+112.0 % |
| Tomato (1 lb) |
681.53 ₦ (1.17 C$) |
1,430.75 ₦ (2.47 C$) |
+109.9 % |
| Potato (1 lb) |
743.05 ₦ (1.28 C$) |
624.61 ₦ (1.08 C$) |
-15.9 % |
| Onion (1 lb) |
420.09 ₦ (0.72 C$) |
550.72 ₦ (0.95 C$) |
+31.1 % |
| Lettuce (1 head) |
800.00 ₦ (1.38 C$) |
1,789.94 ₦ (3.09 C$) |
+123.7 % |
| Water (1.5 liter bottle) |
257.59 ₦ (0.44 C$) |
1,562.41 ₦ (2.69 C$) |
+506.6 % |
| Bottle of Wine (Mid-Range) |
3,500.00 ₦ (6.03 C$) |
10,441.87 ₦ (18.00 C$) |
+198.3 % |
| Domestic Beer (0.5 liter bottle) |
479.81 ₦ (0.83 C$) |
1,750.45 ₦ (3.02 C$) |
+264.8 % |
| Imported Beer (12 oz small bottle) |
682.14 ₦ (1.18 C$) |
2,291.41 ₦ (3.95 C$) |
+235.9 % |
| Cigarettes 20 Pack (Marlboro) |
800.00 ₦ (1.38 C$) |
8,237.48 ₦ (14.20 C$) |
+929.7 % |
Transportation | Lagos Edit |
London Edit | |
| One-way Ticket (Local Transport) |
450.00 ₦ (0.78 C$) |
1,740.31 ₦ (3.00 C$) |
+286.7 % |
| Monthly Pass (Regular Price) |
20,000.00 ₦ (34.48 C$) |
55,109.87 ₦ (95.00 C$) |
+175.5 % |
| Taxi Start (Normal Tariff) |
900.00 ₦ (1.55 C$) |
2,320.42 ₦ (4.00 C$) |
+157.8 % |
| Taxi 1 mile (Normal Tariff) |
1,609.34 ₦ (2.77 C$) |
1,867.17 ₦ (3.22 C$) |
+16.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
2,650.00 ₦ (4.57 C$) |
14,502.60 ₦ (25.00 C$) |
+447.3 % |
| Gasoline (1 gallon) |
686.42 ₦ (1.18 C$) |
3,470.85 ₦ (5.98 C$) |
+405.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
9,500,000.00 ₦ (16,376.38 C$) |
19,143,428.14 ₦ (33,000.00 C$) |
+101.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
16,000,000.00 ₦ (27,581.27 C$) |
16,755,648.05 ₦ (28,883.88 C$) |
+4.7 % |
Utilities (Monthly) | Lagos Edit |
London Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
18,940.18 ₦ (32.65 C$) |
117,234.59 ₦ (202.09 C$) |
+519.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
5,277.78 ₦ (9.10 C$) |
31,180.58 ₦ (53.75 C$) |
+490.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
24,480.56 ₦ (42.20 C$) |
50,161.92 ₦ (86.47 C$) |
+104.9 % |
Sports And Leisure | Lagos Edit |
London Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
18,928.57 ₦ (32.63 C$) |
35,798.26 ₦ (61.71 C$) |
+89.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
6,250.00 ₦ (10.77 C$) |
20,883.74 ₦ (36.00 C$) |
+234.1 % |
| Cinema, International Release, 1 Seat |
4,000.00 ₦ (6.90 C$) |
8,701.56 ₦ (15.00 C$) |
+117.5 % |
Childcare | Lagos Edit |
London Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
69,524.44 ₦ (119.85 C$) |
580,103.88 ₦ (1,000.00 C$) |
+734.4 % |
| International Primary School, Yearly for 1 Child |
1,944,444.44 ₦ (3,351.89 C$) |
13,869,059.45 ₦ (23,907.89 C$) |
+613.3 % |
Clothing And Shoes | Lagos Edit |
London Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
10,375.00 ₦ (17.88 C$) |
56,588.49 ₦ (97.55 C$) |
+445.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
14,450.00 ₦ (24.91 C$) |
39,737.12 ₦ (68.50 C$) |
+175.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
36,142.86 ₦ (62.30 C$) |
68,886.61 ₦ (118.75 C$) |
+90.6 % |
| 1 Pair of Men Leather Business Shoes |
31,230.77 ₦ (53.84 C$) |
86,435.48 ₦ (149.00 C$) |
+176.8 % |
Rent Per Month | Lagos Edit |
London Edit | |
| Apartment (1 bedroom) in City Centre |
481,714.90 ₦ (830.39 C$) |
1,082,132.20 ₦ (1,865.41 C$) |
+124.6 % |
| Apartment (1 bedroom) Outside of Centre |
292,241.45 ₦ (503.77 C$) |
862,922.49 ₦ (1,487.53 C$) |
+195.3 % |
| Apartment (3 bedrooms) in City Centre |
1,001,388.88 ₦ (1,726.22 C$) |
1,711,732.90 ₦ (2,950.74 C$) |
+70.9 % |
| Apartment (3 bedrooms) Outside of Centre |
668,600.00 ₦ (1,152.55 C$) |
1,325,935.43 ₦ (2,285.69 C$) |
+98.3 % |
Buy Apartment Price | Lagos Edit |
London Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
53,841.20 ₦ (92.81 C$) |
294,730.94 ₦ (508.07 C$) |
+447.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
14,425.40 ₦ (24.87 C$) |
218,278.21 ₦ (376.27 C$) |
+1,413.2 % |
Salaries And Financing | Lagos Edit |
London Edit | |
| Average Monthly Net Salary (After Tax) |
124,619.74 ₦ (214.82 C$) |
2,608,920.58 ₦ (4,497.33 C$) |
+1,993.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 20.00 | 5.74 | -71.3 % |
| Last update: | September 2023 | September 2023 | |
| Contributors in the past 12 months: | 146 | 99 |
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