Cost of Living in Lagos

Summary of cost of living in Lagos, Nigeria:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,000.00 ₦ 800.00-3,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 25,000.00 ₦ 18,000.00-70,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 3,500.00 ₦ 2,500.00-5,000.00
Domestic Beer (1 pint draught) 500.00 ₦ 300.00-1,000.00
Imported Beer (12 oz small bottle) 950.00 ₦ 600.00-1,500.00
Cappuccino (regular) 1,638.24 ₦ 500.00-3,000.00
Coke/Pepsi (12 oz small bottle) 223.28 ₦ 170.00-300.00
Water (12 oz small bottle) 137.50 ₦ 100.00-200.00
Markets
Edit
Milk (regular), (1 gallon) 6,833.67 ₦ 4,542.50-11,356.24
Loaf of Fresh White Bread (1 lb) 833.70 ₦ 453.59-1,270.06
Rice (white), (1 lb) 599.38 ₦ 272.16-1,133.98
Eggs (regular) (12) 1,331.99 ₦ 800.00-2,400.00
Local Cheese (1 lb) 1,133.98 ₦ 362.87-5,443.11
Chicken Fillets (1 lb) 1,355.79 ₦ 544.31-2,041.17
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,579.14 ₦ 680.39-2,550.00
Apples (1 lb) 835.98 ₦ 453.59-1,360.78
Banana (1 lb) 607.25 ₦ 340.19-1,360.78
Oranges (1 lb) 559.11 ₦ 136.08-1,133.98
Tomato (1 lb) 676.94 ₦ 226.80-907.19
Potato (1 lb) 760.33 ₦ 136.08-1,360.78
Onion (1 lb) 420.09 ₦ 136.08-907.19
Lettuce (1 head) 815.38 ₦ 250.00-1,900.00
Water (1.5 liter bottle) 264.55 ₦ 180.00-500.00
Bottle of Wine (Mid-Range) 3,500.00 ₦ 2,400.00-7,000.00
Domestic Beer (0.5 liter bottle) 489.82 ₦ 300.00-800.00
Imported Beer (12 oz small bottle) 682.14 ₦ 450.00-1,000.00
Cigarettes 20 Pack (Marlboro) 775.00 ₦ 500.00-1,000.00
Transportation
Edit
One-way Ticket (Local Transport) 500.00 ₦ 300.00-1,000.00
Monthly Pass (Regular Price) 20,000.00 ₦ 5,000.00-25,000.00
Taxi Start (Normal Tariff) 800.00 ₦ 500.00-1,000.00
Taxi 1 mile (Normal Tariff) 1,609.34 ₦ 1,046.07-3,218.69
Taxi 1hour Waiting (Normal Tariff) 2,650.00 ₦ 2,000.00-4,000.00
Gasoline (1 gallon) 1,947.97 ₦ 700.30-2,384.81
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 12,000,000.00 ₦ 8,000,000.00-15,000,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 17,500,000.00 ₦ 10,000,000.00-21,000,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 19,057.14 ₦ 10,000.00-40,000.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data 5,807.69 ₦ 4,000.00-10,000.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 24,053.10 ₦ 15,000.00-39,500.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 19,261.90 ₦ 15,000.00-30,000.00
Tennis Court Rent (1 Hour on Weekend) 6,250.00 ₦ 5,000.00-7,000.00
Cinema, International Release, 1 Seat 5,000.00 ₦ 3,000.00-5,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 62,121.21 ₦ 30,000.00-150,000.00
International Primary School, Yearly for 1 Child 1,133,333.33 ₦ 300,000.00-12,000,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 10,875.00 ₦ 5,000.00-22,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 14,125.00 ₦ 5,000.00-40,000.00
1 Pair of Nike Running Shoes (Mid-Range) 35,062.50 ₦ 15,000.00-55,000.00
1 Pair of Men Leather Business Shoes 31,312.50 ₦ 20,000.00-60,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 597,500.00 ₦ 125,000.00-1,200,000.00
Apartment (1 bedroom) Outside of Centre 338,809.52 ₦ 100,000.00-700,000.00
Apartment (3 bedrooms) in City Centre 1,489,735.59 ₦ 300,000.00-3,500,000.00
Apartment (3 bedrooms) Outside of Centre 862,284.77 ₦ 120,000.00-1,500,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 83,237.69 ₦ 18,580.45-175,391.25
Price per Square Feet to Buy Apartment Outside of Centre 23,324.71 ₦ 4,645.11-73,079.69
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 128,412.26 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.33 9.00-22.00

Prices in Lagos

This city had 657 entries in the past 12 months by 95 different contributors.
Last update: February 2024
Distribution of Expenses Using Our Statistical Model:
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16 Comments so far
Aloh SN on Jul 18, 2023:
This platforms data need to reupdated owing to the price of kerosene is now #1050.00k
Tofunmi on Jun 02, 2023:
A lot of the data here is no longer relevant and needs to be updated. A liter of gas (fuel) is now between N488 - N600. It's also important to note that rent is paid annually not monthly.
Infoeager on Mar 08, 2023:
I would like to know more about the pricess of groceriers, for example family of 5 people, 3 childrens and couple. how much the food will cost for them monthly. average food........

Need same infromation for the flat for them.... I need these all Information for bigger cities like lagos, benin, etc. If someone has an idea they could also mentione about the smaller cities or villages.

Thanks in advance and really appreciate the effort to give so much details information. this platform is amazing
Anonymous on Nov 08, 2022:
Yes it's normal to pay cash for one year rent in Lagos.But remember this very important thing.Most rental apartments or houses are jointly owned by relatives which can create a problem.Of other relatives don't agree with the monthly rent charged annually once you pay one year rent you might think you are dealing with the owner but most of the time you aren't.Its a big scam throughout Nigeria that gets repeated over and over.
Babatunde enitan on Sep 28, 2022:
The rent quoted seems to be annual not monthly. In Nigeria rent is NOT paid month but annually
daniel on Mar 19, 2022:
Due the fuel price increasing the cost of living in Lagos has become very high.Diesel 650 to 700 Naira per liter,petrol at least 165 Naira per liter.Very soon electricity price will increase too.Nigerians are more than happy with Buhari.
Anonymous on Mar 17, 2022:
I have a. Friend in lagos nigeria that says the rent is the same for a 3bedrooms 2 bath. As for 1 bedroom. 2 bath. Is he lying to me ?
victor on Nov 02, 2021:
In November 2021,cost of living in Lagos got more expensive. imported products are the most expensive.1kg of apple imported,is 1200 Naira. 1 dollar is 565 Naira.Nigerian economy is in collapse,inflation getting higher,unemployment too. one barrel of water,20kg is 650 Naira.1 litter of petrol is 165 Naira. after 8 years with Buhari,nigerians are poorer,with 30k minimum wage.
Henry on Mar 24, 2021:
If u ever plan to live in Lagos,pls mk sure u have plenty money o... Lagos is no child's play unless u plan to live below average.very high cost of living here.only the Rich enjoy Lagos.
john doe on Mar 18, 2021:
in March 2021,one dollar is 475 Naira. all imported products are expensive,due the high taxes imposed by nigerian government.imported oranges 2200 naira per kg.cheese price like something from anther planet.1kg of kiwi,5500 naira. cheap meal on Chicken Republic,fried rice with chicken 1400 naira.alcohol not very expensive,especially imported one,1400 Naira one bottle of wine. one coffee in Ikeja Mall 1000 Naira.for local people,cost of living is high,due the bad economical measures implemented by Buhari administration. cost of living in cheaper outside Lagos,but for imported products don't expect to pay less.20kg barrel of water,550 Naira.local beer can,155 naira.one liter of petrol 175 Naira.
Anonymous on Dec 20, 2020:
50k isn't even close for monthly expenses 125k would give you a much better life there Lagos like the rest of Nigeria isn't cheap.
Akoko on Dec 02, 2020:
Hello, what can 50k do in Port Harcourt for monthly pocket money for a retired person withoutany other income? Thank you
Franziska on Nov 10, 2020:
I wonder how much a nice rental place will cost a year in Delta City and what might be the salary in that part of Nigeria?!
As a summary: with how much would I have to count on spending without the rent?
Thank you!
Anthony Smith on Jul 23, 2020:
I've been in contact with a Nigerian woman for a bit over 3 years. I started out as a romantic fraud. As she used faulse identity, for almost 1 year and i knew there was something wrong almost from the start. Eventually she as she said came clean, but i'm not even sure if thats true. I try and be careful with imformation, I have been ripped off by her, but she says she didnt know. I'm just really cautionous now about everything.
null null on May 15, 2020:
I am Nigerian in the real estate development business, Nigerian pay yearly rent and not monthly as most country does. I realized when filling in the cost of rent it doesn't specify monthly or yearly hence Nigerian that will fill this part of your questionnaire will assume the answer is a yearly rent. so they write down year rent instead of a monthly rent cost

The most expensive city in West Africa is Ikoyi and its in Lagos, Nigeria which is not the city center and rent there extremely high as it is for billionaires and I am sure Nigerians will feel that is a city center

Lekki can be considered the City Centre
1 bedroom will cost about N1,000,000 yearly (N83,333 per month) to N2,000,000 yearly (N166,666 per month)

3 Bedrooms will be from N2,000,000 yearly (N166,666 per month) to N5,000,000 yearly (N416,666 per month)

Outside of Centre
1 bedroom will cost about N200,000 yearly (N16,666 per month) to N500,000 yearly (N41,666 per month)
3 Bedrooms will be from N500,000 yearly (N41,666 per month) to N1,000,000 yearly (N83,333 per month)
Anonymous on Apr 15, 2020:
Nigeria is a very expensive country,the standard of living is very high.The only way you can enjoying staying in Nigeria is if you are being paid in dollars or you have a very good job overseas and decided to come to Nigeria and become rich.