Summary about cost of living in Lagos, Nigeria: Family of four estimated monthly costs are 1,943$ (810,933₦) without rent. A single person estimated monthly costs are 532$ (222,229₦) without rent. Lagos is 62.58% less expensive than New York (without rent).
Is Lagos expensive to live?
Expats moving to Nigeria are often shocked when they find out how high the country’s cost of living is. The most expensive city in Nigeria is Lagos, and Mercer’s 2020 Cost of Living Survey ranks the city 18th out of 209 cities, which makes its cost of living comparable to London and Moscow.
How much money do you need to live comfortably in Nigeria?
On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Nigerian Naira, which equaled to roughly 111 U.S. dollars. On the other hand, this figure added up to 137.6 thousand Naira for a family, about 354 U.S. dollars. In 2020, the minimum wage in Nigeria reached 30 thousand Naira.
What is the average living cost in Nigeria?
Summary: Family of four estimated monthly costs are 1,619$ (671,819₦) without rent. A single person estimated monthly costs are 446$ (185,108₦) without rent. Cost of living in Nigeria is, on average, 56.60% lower than in United States.
Where is the cheapest place to live in Lagos?
Below is a curated list of the most affordable areas to live on the Lagos mainland.
- Bariga.
- Mushin.
- Agege.
- Baruwa Ipaja.
What is a good salary in Lagos?
Salary rankings by profession
| Job type | Median salary (USD) | Salary ranking compared to all cities |
|---|---|---|
| IT Manager | $30,979 | 200/265 |
| Electrical Engineer | $30,570 | 171/265 |
| Nurse | $30,139 | 134/265 |
| Business Analyst | $29,930 | 184/265 |
Is rent expensive in Lagos?
A single person estimated monthly costs are 532$ (222,229₦) without rent. Lagos is 62.58% less expensive than New York (without rent). Rent in Lagos is, on average, 39.31% lower than in New York.
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Cost of Living in Lagos.
| Restaurants | Edit |
|---|---|
| Apartment (1 bedroom) in City Centre | 677,546.15₦ |
| Apartment (1 bedroom) Outside of Centre | 316,818.18₦ |
How much is rent in Nigeria?
Cost of living in Nigeria chart
| Accommodation (monthly rent) | |
|---|---|
| Three-bedroom apartment in city centre | NGN 400,000 |
| Three-bedroom apartment outside of city centre | NGN 80,000 |
| One-bedroom apartment in city centre | NGN 150,000 |
| One-bedroom apartment outside of city centre | NGN 40,000 |
What is living in Lagos like?
The lifestyle in Lagos is fast paced and, as one of the fastest growing cities in Africa, hustle and bustle abound. … Although most Lagosians live in poverty and occupy the city’s slum areas, there is still a thirst for life, and energy and creativity ensure that locals do what they must to survive.
How much is a loaf of bread in Nigeria?
In November 2020, food’s CPI peaked at almost 400 points.
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Average prices of selected food products in Nigeria as of September 2021 (in Naira)
| Characteristic | Prices in Nigerian Naira |
|---|---|
| Bread sliced 500g | 384.73 |
| Bread unsliced 500g | 351.95 |
| Broken rice (Ofada), 1kg | 473.75 |
| Catfish (Obokun), fresh, 1kg | 1,232.25 |
Is Nigeria cheaper than South Africa?
Nigeria is 35.9% cheaper than South Africa.
How can I survive in Lagos?
How-Tos: 5 tips on how to survive in Lagos
- Be careful on Lagos roads. Maybe people never learn to drive in Lagos because why are there so many reckless drivers who act like they are the only ones on the road? …
- Have plenty money. …
- As much as you can don’t leave your house. …
- Be stubborn. …
- Do not move to Lagos.
How much is Coke in Nigeria?
Coca-Cola Coke 60 CL X 12: N1,200 – N1,500. Teem Bitter Lemon – 12 Bottles in a Pack: N1,000 – N1,500.
What is the cheapest state to live in Nigeria?
Top 5 Cheapest Cities in Nigeria to Live in
- Ikot Ekpene City.
- Ibadan City.
- Onitsha City.
- Kaduna City.
- Owerri City.
Where is the best place to live in Lagos?
5 best places to live in Lagos
- Ikoyi. Ikoyi is one of the best neighbourhoods on the coveted Lagos Island. …
- Yaba. Yaba located on Lagos mainland is known as the Silicon Valley of Nigeria. …
- Ikeja. Ikeja is regarded as the central business district of Lagos. …
- Magodo. …
- Lekki – Ajah.
Is Ikorodu a good place to live in Lagos?
Ikorodu is a very good place to live in. It has good road networks connecting the city’s beautiful neighborhoods. There are many good places to live in Ikorodu.