Cost of Living in Lagos

Summary about cost of living in Lagos, Nigeria:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 900.00 ₦ 400.00-2,000.00
Meal for 2 People, Mid-range Restaurant, Three-course 15,000.00 ₦ 10,000.00-20,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 2,300.00 ₦ 2,000.00-3,000.00
Domestic Beer (1 pint draught) 300.00 ₦ 200.00-500.00
Imported Beer (12 oz small bottle) 500.00 ₦ 350.00-600.00
Cappuccino (regular) 933.33 ₦ 500.00-1,850.00
Coke/Pepsi (12 oz small bottle) 113.81 ₦ 100.00-200.00
Water (12 oz small bottle) 75.77 ₦ 50.00-100.00
Markets
Edit
Milk (regular), (1 gallon) 4,349.24 ₦ 2,271.25-6,813.74
Loaf of Fresh White Bread (1 lb) 388.79 ₦ 272.16-544.31
Rice (white), (1 lb) 458.23 ₦ 204.12-997.90
Eggs (regular) (12) 568.28 ₦ 360.00-840.00
Local Cheese (1 lb) 1,080.80 ₦ 453.59-1,906.25
Chicken Fillets (1 lb) 783.71 ₦ 453.59-1,088.62
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 799.46 ₦ 495.63-1,360.78
Apples (1 lb) 574.93 ₦ 226.80-1,133.98
Banana (1 lb) 321.50 ₦ 136.08-453.59
Oranges (1 lb) 302.02 ₦ 136.08-544.31
Tomato (1 lb) 430.91 ₦ 152.50-907.19
Potato (1 lb) 346.37 ₦ 113.40-680.39
Onion (1 lb) 275.78 ₦ 114.38-453.59
Lettuce (1 head) 465.38 ₦ 200.00-800.00
Water (1.5 liter bottle) 168.40 ₦ 100.00-300.00
Bottle of Wine (Mid-Range) 2,500.00 ₦ 1,000.00-3,500.00
Domestic Beer (0.5 liter bottle) 326.41 ₦ 200.00-500.00
Imported Beer (12 oz small bottle) 537.50 ₦ 300.00-800.00
Cigarettes 20 Pack (Marlboro) 400.00 ₦ 300.00-500.00
Transportation
Edit
One-way Ticket (Local Transport) 200.00 ₦ 200.00-400.00
Monthly Pass (Regular Price) 10,000.00 ₦ 6,000.00-20,000.00
Taxi Start (Normal Tariff) 500.00 ₦ 400.00-1,000.00
Taxi 1 mile (Normal Tariff) 804.67 ₦ 643.74-1,609.34
Taxi 1hour Waiting (Normal Tariff) 2,000.00 ₦ 1,000.00-3,000.00
Gasoline (1 gallon) 560.71 ₦ 473.18-624.59
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 6,500,000.00 ₦ 4,500,000.00-7,000,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 8,950,000.00 ₦ 8,000,000.00-10,000,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 11,557.69 ₦ 5,000.00-25,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 20.11 ₦ 7.00-35.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 15,848.21 ₦ 10,000.00-40,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 17,600.00 ₦ 8,000.00-30,000.00
Tennis Court Rent (1 Hour on Weekend) 3,500.00 ₦ 2,000.00-5,000.00
Cinema, International Release, 1 Seat 2,500.00 ₦ 1,500.00-3,500.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 38,428.57 ₦ 20,000.00-100,000.00
International Primary School, Yearly for 1 Child 852,826.09 ₦ 250,000.00-2,400,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 6,803.57 ₦ 3,000.00-15,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,206.90 ₦ 3,500.00-15,000.00
1 Pair of Nike Running Shoes (Mid-Range) 21,413.79 ₦ 8,000.00-30,000.00
1 Pair of Men Leather Business Shoes 23,846.15 ₦ 10,000.00-40,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 364,880.93 ₦ 120,000.00-800,000.00
Apartment (1 bedroom) Outside of Centre 262,857.14 ₦ 120,000.00-500,000.00
Apartment (3 bedrooms) in City Centre 1,472,000.00 ₦ 600,000.00-2,500,000.00
Apartment (3 bedrooms) Outside of Centre 695,769.23 ₦ 300,000.00-1,500,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 32,554.51 ₦ 23,225.57-49,238.20
Price per Square Feet to Buy Apartment Outside of Centre 14,477.27 ₦ 4,645.11-20,903.01
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 94,615.38 ₦
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.11 10.00-26.00

Prices in Lagos

This city had 1346 entries in the past 12 months by 138 different contributors.
Last update: March 2021
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23 Comments so far
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.
Mr Victor on Nov 17, 2019:
Cmart supermarket
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
Derek on Sep 07, 2019:
Hello,

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
zeeez on Aug 07, 2019:
As far as I know..

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 ₦
Mel on May 06, 2019:
What are the job opportunities for a black American over there?
ujoh on May 02, 2019:
Hello every one
visit http://www.virtatrade.com/index.php to start making your steady daily passive incomes now.
Oluwasanmi Odejayi on Feb 06, 2019:
No way lagos rent outside city center is that high.
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
Xyz on Feb 02, 2019:
Real living cost in Lagos(being a Lagosian). Few things you need to know about Lagos:
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.
Xyz on Feb 02, 2019:
The naira has fallen to the dollar, so indirectly, cost of goods and services has gone up.
Anonymous on Jan 07, 2019:
Hey #ItsMe
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.
ItsMe on Nov 06, 2018:
I'm confused how it's can be????

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???
Anonymous on Jun 22, 2018:
Does anyone know a man named Thomas Coumbe. He says he is an American but always has problems that can only be solved by sending him money. Says early sixties daughter Tess and a son Fredick
Nigerian on Oct 31, 2017:
Bill Silva, It is more likely a scam than true.

Regards,
Nigerian.
Bill Silva on Oct 15, 2017:
I've been communicating with a girl named Elizabeth Sylvester who lives in Lagos. She has told me she is in love with me. Recently she asked for money to help move her mother. Any red flags pop up here ? Anyone have any experience. Advice needed
tunji on Aug 19, 2017:
let me update you regading the food price in nigeria.i will mention food price in shoprite,parknshop and hubmart.all imported goods in hypermarkets in nigeria are overpriced.1kg of imported orange is 3200 naira,and 1 dollar=364 naira.if you want to buy cheap alcohol i recommend you Bazar in Ilupeju.on Shoprite one bottle of Martini is 4000 Naira,on Bazar is 3000 Naira.local oranges are dry,with bad taste.all Hypermarkets are full of low quality products,due the fact africans don't have much education in eating healthy.contrary,they think everything from supermarket is high quality.africans are poisoned
intentionally by soft drinks companies.nigerians are drinking coke like no other nation,thinking that coke is the most healthiest drink.
hollywood on Apr 28, 2017:
What is the price of a two bedroom apartment on the first floorin nigeria the middle class area i thinking about moving there for about 3 months
Jamila on Mar 16, 2017:
Looking for honest, reliable, and responsible business partner in Nigeria. I am interested in clothing, fashion, fabrics, models, fashion shows etc.

The partnership is 50/50 import/export.

No Nigerian scammers!
Norma Lopez on Mar 15, 2017:
I've been talking a guy who says he's in the army in Nigeria
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