Cost of Living in Lagos, Nigeria
Nigeria · Africa
Cost of Living in Lagos: Quick Answer
The average cost of living in Lagos, Nigeria is approximately $800 per month for one person. This page covers rent, groceries, transportation, utilities, salaries and quality of life. The cost of living index is 30, using New York City as the 100-point benchmark.
$800
Monthly Cost
avg/person
30
Cost Index
NYC = 100
25
Rent Index
NYC = 100
42
Quality of Life
Below Average
25
Safety Index
Poor
14.8M
Population
NGN
| Item | Price (USD) |
|---|---|
| Meal (inexpensive) | $3 |
| Meal for 2 (mid-range) | $14 |
| McMeal at McDonald's | $5 |
| Domestic Beer (0.5L) | $1.5 |
| Imported Beer (0.33L) | $3 |
| Cappuccino | $2.5 |
| Coke/Pepsi (0.33L) | $0.7 |
| Water (0.33L) | $0.4 |
| Item | Price (USD) |
|---|---|
| Milk (1L) | $1.2 |
| Bread (500g) | $0.7 |
| Rice (1kg) | $0.9 |
| Eggs (12) | $1.8 |
| Chicken (1kg) | $4 |
| Beef (1kg) | $6 |
| Apples (1kg) | $3 |
| Banana (1kg) | $0.5 |
| Tomato (1kg) | $0.8 |
| Potato (1kg) | $0.7 |
| Onion (1kg) | $0.6 |
| Water (1.5L) | $0.4 |
| Item | Price (USD) |
|---|---|
| 1-way Ticket (local) | $0.3 |
| Monthly Pass | $15 |
| Taxi 1km | $0.4 |
| Gasoline (1L) | $0.7 |
| Volkswagen Golf | $35000 |
| Toyota Corolla | $28000 |
| Item | Price (USD) |
|---|---|
| Basic (85m² apt) | $80 |
| Mobile Plan | $8 |
| Internet (60 Mbps) | $30 |
| Fitness Club/month | $30 |
| Item | Price (USD) |
|---|---|
| 1BR Center | $500/mo |
| 1BR Outside | $280/mo |
| 3BR Center | $1,200/mo |
| 3BR Outside | $650/mo |
| Price/m² Center | $2,000/m² |
| Price/m² Outside | $1,000/m² |
| Item | Price (USD) |
|---|---|
| Average Net Salary | $450 |
| Mortgage Interest Rate | 22% |
Cost of Living in Lagos: Complete Guide
The cost of living in Lagos, Nigeria, depends mainly on housing, transportation, food, utilities and lifestyle. The estimated monthly cost for one person is $800. The city's cost of living index is 30, compared with a New York City benchmark of 100.
Monthly Expenses in Lagos
A typical monthly budget in Lagos includes rent, groceries, transportation, utilities and other everyday expenses. Housing is usually one of the largest parts of the monthly budget.
Rent and Housing Costs in Lagos
A one-bedroom apartment outside the city center costs approximately $280 per month, while a one-bedroom apartment in the city center costs around $500. A three-bedroom apartment in the center averages $1,200 per month.
Average Salary in Lagos
The average net salary in Lagos is approximately $450 per month. Purchasing power is rated 35out of 100.
Is Lagos Expensive to Live In?
With a cost of living index of 30,Lagos is less expensive than the New York City benchmark. Housing, groceries and transportation are important factors when comparing the total monthly cost.
Quality of Life in Lagos
Safety
Lagos has a safety score of 25/100. Safety is one of the factors to consider when comparing living costs and choosing a city.
Healthcare
Healthcare in Lagos is rated 42/100. Healthcare access and medical costs can affect the total monthly budget for residents and families.
Climate
The climate index for Lagos is 60/100. Climate and seasonal conditions can influence housing, transport and lifestyle expenses.
Purchasing Power
Lagos has a purchasing power score of 35/100. Comparing salary levels with living expenses provides a better picture of affordability than looking at rent alone.
Living in Lagos
Cost of Living for Students
Students should budget for accommodation, food, transportation, utilities and study expenses. Shared housing and public transportation may reduce monthly expenses.
Cost of Living for Expats
Expats considering Lagos should compare rent, healthcare, transportation, taxes, groceries and salary levels before relocating.
Cost of Living for Remote Workers
Remote workers can compare housing, transportation, internet, food and purchasing power to estimate whether Lagos fits their monthly budget.
Is Lagos Affordable?
Affordability depends on income and housing choices. The cost index of 30provides a useful benchmark when comparing Lagos with other cities.
Key Cost of Living Facts for Lagos
- Average Monthly Cost
- $800
- Cost Index
- 30
- Rent Index
- 25
- Average Net Salary
- $450
- Quality of Life
- 42/100
- Safety
- 25/100
- Healthcare
- 42/100
- Currency
- NGN
Frequently Asked Questions About Lagos
What is the cost of living in Lagos?
The estimated cost of living in Lagos, Nigeria, is approximately $800 per month for one person. This estimate includes major living expenses such as housing, food, transportation and utilities.
How much is rent in Lagos?
A one-bedroom apartment outside the center costs approximately $280 per month, while a one-bedroom apartment in the center costs about $500.
Is Lagos expensive to live in?
Lagos has a cost index of 30 compared with New York City's benchmark of 100. The overall affordability depends on housing, salary and lifestyle.
What is the average salary in Lagos?
The average net salary in Lagos is approximately $450 per month.
Is Lagos good for expats?
Expats should evaluate housing, salaries, transportation, healthcare, safety and quality of life before deciding whether Lagos is suitable for relocation.