Summary about cost of living in Lagos, Nigeria:
Restaurants | |
Range |
---|---|---|
Meal, Inexpensive Restaurant | 1,500.00 ₦ | |
Meal for 2 People, Mid-range Restaurant, Three-course | 20,000.00 ₦ | |
McMeal at McDonalds (or Equivalent Combo Meal) | 3,250.00 ₦ | |
Domestic Beer (1 pint draught) | 500.00 ₦ | |
Imported Beer (12 oz small bottle) | 800.00 ₦ | |
Cappuccino (regular) | 1,454.44 ₦ | |
Coke/Pepsi (12 oz small bottle) | 170.00 ₦ | |
Water (12 oz small bottle) | 107.41 ₦ | |
Markets | |
|
Milk (regular), (1 gallon) | 6,182.84 ₦ | |
Loaf of Fresh White Bread (1 lb) | 506.86 ₦ | |
Rice (white), (1 lb) | 556.74 ₦ | |
Eggs (regular) (12) | 919.77 ₦ | |
Local Cheese (1 lb) | 955.42 ₦ | |
Chicken Fillets (1 lb) | 1,028.39 ₦ | |
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 999.12 ₦ | |
Apples (1 lb) | 589.24 ₦ | |
Banana (1 lb) | 352.49 ₦ | |
Oranges (1 lb) | 359.47 ₦ | |
Tomato (1 lb) | 489.71 ₦ | |
Potato (1 lb) | 472.06 ₦ | |
Onion (1 lb) | 350.66 ₦ | |
Lettuce (1 head) | 585.71 ₦ | |
Water (1.5 liter bottle) | 246.00 ₦ | |
Bottle of Wine (Mid-Range) | 2,250.00 ₦ | |
Domestic Beer (0.5 liter bottle) | 387.50 ₦ | |
Imported Beer (12 oz small bottle) | 644.70 ₦ | |
Cigarettes 20 Pack (Marlboro) | 500.00 ₦ | |
Transportation | |
|
One-way Ticket (Local Transport) | 325.00 ₦ | |
Monthly Pass (Regular Price) | 10,000.00 ₦ | |
Taxi Start (Normal Tariff) | 500.00 ₦ | |
Taxi 1 mile (Normal Tariff) | 1,609.34 ₦ | |
Taxi 1hour Waiting (Normal Tariff) | 2,000.00 ₦ | |
Gasoline (1 gallon) | 631.14 ₦ | |
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 8,000,000.00 ₦ | |
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 10,187,500.00 ₦ | |
Utilities (Monthly) | |
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 11,964.29 ₦ | |
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 22.40 ₦ | |
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 22,700.00 ₦ | |
Sports And Leisure | |
|
Fitness Club, Monthly Fee for 1 Adult | 16,294.12 ₦ | |
Tennis Court Rent (1 Hour on Weekend) | 4,000.00 ₦ | |
Cinema, International Release, 1 Seat | 3,000.00 ₦ | |
Childcare | |
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 55,465.29 ₦ | |
International Primary School, Yearly for 1 Child | 1,281,488.57 ₦ | |
Clothing And Shoes | |
|
1 Pair of Jeans (Levis 501 Or Similar) | 9,233.33 ₦ | |
1 Summer Dress in a Chain Store (Zara, H&M, ...) | 12,583.33 ₦ | |
1 Pair of Nike Running Shoes (Mid-Range) | 29,588.24 ₦ | |
1 Pair of Men Leather Business Shoes | 31,875.00 ₦ | |
Rent Per Month | |
|
Apartment (1 bedroom) in City Centre | 663,257.00 ₦ | |
Apartment (1 bedroom) Outside of Centre | 335,294.12 ₦ | |
Apartment (3 bedrooms) in City Centre | 2,157,271.00 ₦ | |
Apartment (3 bedrooms) Outside of Centre | 930,555.56 ₦ | |
Buy Apartment Price | |
|
Price per Square Feet to Buy Apartment in City Centre | 30,807.75 ₦ | |
Price per Square Feet to Buy Apartment Outside of Centre | 13,072.68 ₦ | |
Salaries And Financing | |
|
Average Monthly Net Salary (After Tax) | 92,592.23 ₦ | |
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 17.00 |
Would you like to live and work in Lagos?
Cost of Living in Ibadan | 84.42 miles |
Cost of Living in Oyo | 118.65 miles |
Cost of Living in Iwo | 140.71 miles |
DeutschLebenshaltungskosten in Lagos
PortuguêsCusto de Vida em Lagos
ItalianoCosto della Vita a Lagos
FrançaisCoût de la Vie à Lagos
EspañolCosto de Vida en Lagos
As a summary: with how much would I have to count on spending without the rent?
Thank you!
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)
are interested in buying
Bags of rice at affordable prices here is your chance 15,000 for 50kg and 7,300 for 25kg if you are interested call us today on 08117915226 we deliver to your door step or visit our supermarket in Lagos at Osoba
Crescent Off Admiralty Way, Lekki Phase 1,
Lagos;
mama gold=50kg=25kg
royal stallion=50kg=25kg
mama africa=50kg=25kg
mama pride =50kg=25kg
And lot more
God bless you
I have been speaking to this woman on the Internet, she is from Lagos, I think I love her. She wants to send me $2000 for an operation on her tongue. I don;t know what to think, maybe I should go there first. Is it really this inexpensive in Nigeria?
Please any advice,
Derek
Rent Per Annum [ Edit ]
Apartment (1 bedroom) in City Centre 500,000.00 ₦
Apartment (1 bedroom) Outside of Centre 200,000.00 ₦
Apartment (3 bedrooms) in City Centre 1,800,000.00 ₦
Apartment (3 bedrooms) Outside of Centre 900,000.00 ₦
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???