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Cost of Living in Lagos
Summary about cost of living in Lagos:
- Four-person family monthly costs: 1,727.32$ (622,819.66₦) without rent (using our estimator).
- A single person monthly costs: 475.36$ (171,400.69₦) without rent.
- Cost of living rank 307th out of 378 cities in the world.
- Lagos has a cost of living index of 35.43.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 600.00 ₦ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 10,000.00 ₦ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 2,000.00 ₦ | |
| Domestic Beer (1 pint draught) | 350.00 ₦ | |
| Imported Beer (12 oz small bottle) | 500.00 ₦ | |
| Cappuccino (regular) | 1,118.18 ₦ | |
| Coke/Pepsi (12 oz small bottle) | 128.33 ₦ | |
| Water (12 oz small bottle) | 77.95 ₦ | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 3,255.45 ₦ | |
| Loaf of Fresh White Bread (1 lb) | 317.27 ₦ | |
| Rice (white), (1 lb) | 609.11 ₦ | |
| Eggs (regular) (12) | 592.73 ₦ | |
| Local Cheese (1 lb) | 663.38 ₦ | |
| Chicken Breasts (Boneless, Skinless), (1 lb) | 691.73 ₦ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 647.99 ₦ | |
| Apples (1 lb) | 355.31 ₦ | |
| Banana (1 lb) | 230.58 ₦ | |
| Oranges (1 lb) | 339.29 ₦ | |
| Tomato (1 lb) | 358.34 ₦ | |
| Potato (1 lb) | 257.04 ₦ | |
| Onion (1 lb) | 163.29 ₦ | |
| Lettuce (1 head) | 366.67 ₦ | |
| Water (1.5 liter bottle) | 181.25 ₦ | |
| Bottle of Wine (Mid-Range) | 2,750.00 ₦ | |
| Domestic Beer (0.5 liter bottle) | 350.00 ₦ | |
| Imported Beer (12 oz small bottle) | 583.33 ₦ | |
| Cigarettes 20 Pack (Marlboro) | 350.00 ₦ | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 200.00 ₦ | |
| Monthly Pass (Regular Price) | 8,000.00 ₦ | |
| Taxi Start (Normal Tariff) | 500.00 ₦ | |
| Taxi 1 mile (Normal Tariff) | 321.87 ₦ | |
| Taxi 1hour Waiting (Normal Tariff) | 1,625.00 ₦ | |
| Gasoline (1 gallon) | 548.97 ₦ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 7,000,000.00 ₦ | |
| Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) | 11,105,263.16 ₦ | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 9,733.13 ₦ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 19.08 ₦ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 15,595.83 ₦ | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 13,214.29 ₦ | |
| Tennis Court Rent (1 Hour on Weekend) | 3,716.67 ₦ | |
| Cinema, International Release, 1 Seat | 2,500.00 ₦ | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 36,933.33 ₦ | |
| International Primary School, Yearly for 1 Child | 627,083.33 ₦ | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 6,857.14 ₦ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 8,333.33 ₦ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 20,192.31 ₦ | |
| 1 Pair of Men Leather Business Shoes | 23,980.77 ₦ | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 233,946.94 ₦ | |
| Apartment (1 bedroom) Outside of Centre | 108,359.65 ₦ | |
| Apartment (3 bedrooms) in City Centre | 689,850.92 ₦ | |
| Apartment (3 bedrooms) Outside of Centre | 339,914.92 ₦ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 32,515.79 ₦ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 11,496.66 ₦ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 85,571.43 ₦ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 17.00 |
Prices in Lagos
These data are based on 1509 entries in the past 18 months from 187 different contributors.
Last update: July 2019
Last update: July 2019
Sources and References:
No sources and references provided yet.
No sources and references provided yet.
This page in other languages:
DeutschLebenshaltungskosten in Lagos
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41 Comments so far
visit http://www.virtatrade.com/index.php to start making your steady daily passive incomes now.
1 bedroom outside city center is max 800k per annum
3 bedroom outside city center in a lush place still goes for 1,200,000 per annum
1. Largest city in Nigeria and Africa
2. Economic power house of Nigeria
3. Most populated State in Nigeria
4. About 45% - 60% are slums. (those pictures you see online are pictures of high class area)
5. High Crime rate (it is dangerous to be outside at night)
6. Public transportation is very under-developed and stressful.
7. Lagos is DIRTY .(every where you go you will always see dirts on the ground, and in drainages).
Now lets dive in:
Housing - You will have to pay 12 - 18 month deposit. Getting a cheap place can be relatively easy if you have the cash.
Houses are of low quality except in places like Ikoyi, Banana Island, some part of Lekki, some part of Ajah, Magodo, Surulere.
Renting a room will cost N5000 per month, renting a small apartment will cost N10000 - N15000 per month, renting a two bedroom is N25000-N30k per month.
Clothing - Lagos being a warm place, you can get by with N5000 on average. But if you want luxury, you can spend N15000.
Feeding- Prices of foods have doubled. Feeding depends on you, to save money, DON'T eat outside, buy foodstuff in bulk. Note that in Nigeria we don't use the kilogram for measuring foodstuffs. But budget N10k - N25k for feeding if you want to eat healthy, you can spend more than that.
Public Transport- Public transport in Lagos is POOR. Budget N8000 - N10000. You can spend less than that, if you live a bit close to your work place. Don't think of using bicycle(push bike) to commute if you value your life. We don't use that thing in Lagos for commuting. Owning a car will take out 50% of your salary because spare part are expensive in Lagos, car maintanance service is expensive, petrol is expensive, N145 per liter.
Phone and Internet- depend on you. You can choose the cheap or expensive plans.
Utilities- for electricity - N5000-N20000(electricity is poor in Lagos, 8hrs of power supply per day, infact one week of no power supply).
Waste disposal-free - N2000 per month.
Summary: Lagos can be cheap depending on your lifestyle. I know people who survive on N20000 per month, but with a VERY LOW QUALITY OF LIFE. To live decent as a single you need N200k - N250k per month. And as a family of four you need N600k per month.
I hope that helps.
Rent in Lagos and Nigeria usually cost bout 50-70% of income.
A good number of people have friends rally round to take an apartment. And you have to pay 12-18 months upfront.
Rent Per Month
Apartment (1 bedroom) in City Centre 1,031.94 $
Apartment (1 bedroom) Outside of Centre 618.37 $
Salaries And Financing
Average Monthly Net Salary (After Tax) 248.87 $
the cost to rent an apartment 3 times higher than the income???
Regards,
Nigerian.
intentionally by soft drinks companies.nigerians are drinking coke like no other nation,thinking that coke is the most healthiest drink.
The partnership is 50/50 import/export.
No Nigerian scammers!
I met him on Facebook, and been texting at first on messenger,then we switched to hangouts ! I have pictures he's sent but he can't call or can't send pictures, I've sent him money ! But icant do it nomore his name is Peter Harold deployed his uniform has the name Silva's can somebody help me
Protect your heart and money from fraudsters
E.G. Golf,2, 3, 4, 5,
from N400, 000-N400, 000. Toyota Camry big.
daddy=N650,000. Thanks
E.G. Golf,2, 3, 4, 5,
from N300, 000-N400, 000. Toyota Camry big.
daddy=N650,000.
They claim that they came to do some things in Nigeria but somehow, they need money to do one thing or the other. The question you should ask yourself before sending money to anyone is that why can't he/she contact his friend, colleague, family, employer etc instead of getting in touch with you a complete stranger?
Whatever information they give you as their own is there on the internet and belongs to someone else. Even the pictures, name, address are so true to doubt but I tell you, those informations are not their's.
They browse the internet and extract some vital informations that belongs to other people and what they do is that they impersonatea. So when they want to scam you, they just supply you with those informations. So when you search for those informations on the internet, you discover that they are correct, BUT you forgot that you have not seen them physically.
My advise is this. Do not send money to anybody who claim to travel to Nigeria from Europe or other part of the world.
Tell them to contact their families that they left in Europe for such. They can use the social media twitter, facebook etc to do so.
Majority of Nigerians are honest people.
We are going to put a stop to corruption and those
who spoil the image of Nigeria.
Our new President is fighting corruption and he has the support of all Nigerians.
God bless my country Nigeria