Cost of Living in Lagos (2022)

23 Comments so far

Anonymous on Nov 08, 2022:

Yes it's normal to pay cash for one year rent in Lagos.But remember this very important thing.Most rental apartments or houses are jointly owned by relatives which can create a problem.Of other relatives don't agree with the monthly rent charged annually once you pay one year rent you might think you are dealing with the owner but most of the time you aren't.Its a big scam throughout Nigeria that gets repeated over and over.

Babatunde enitan on Sep 28, 2022:

The rent quoted seems to be annual not monthly. In Nigeria rent is NOT paid month but annually

daniel on Mar 19, 2022:

Due the fuel price increasing the cost of living in Lagos has become very high.Diesel 650 to 700 Naira per liter,petrol at least 165 Naira per liter.Very soon electricity price will increase too.Nigerians are more than happy with Buhari.

Anonymous on Mar 17, 2022:

I have a. Friend in lagos nigeria that says the rent is the same for a 3bedrooms 2 bath. As for 1 bedroom. 2 bath. Is he lying to me ?

victor on Nov 02, 2021:

In November 2021,cost of living in Lagos got more expensive. imported products are the most expensive.1kg of apple imported,is 1200 Naira. 1 dollar is 565 Naira.Nigerian economy is in collapse,inflation getting higher,unemployment too. one barrel of water,20kg is 650 Naira.1 litter of petrol is 165 Naira. after 8 years with Buhari,nigerians are poorer,with 30k minimum wage.

Henry on Mar 24, 2021:

If u ever plan to live in Lagos,pls mk sure u have plenty money o... Lagos is no child's play unless u plan to live below average.very high cost of living here.only the Rich enjoy Lagos.

john doe on Mar 18, 2021:

in March 2021,one dollar is 475 Naira. all imported products are expensive,due the high taxes imposed by nigerian government.imported oranges 2200 naira per kg.cheese price like something from anther planet.1kg of kiwi,5500 naira. cheap meal on Chicken Republic,fried rice with chicken 1400 naira.alcohol not very expensive,especially imported one,1400 Naira one bottle of wine. one coffee in Ikeja Mall 1000 Naira.for local people,cost of living is high,due the bad economical measures implemented by Buhari administration. cost of living in cheaper outside Lagos,but for imported products don't expect to pay less.20kg barrel of water,550 Naira.local beer can,155 naira.one liter of petrol 175 Naira.

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 Centre200,000.00 ₦
Apartment (3 bedrooms) in City Centre1,800,000.00 ₦
Apartment (3 bedrooms) Outside of Centre900,000.00 ₦

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 Centre1,031.94 $
Apartment (1 bedroom) Outside of Centre618.37 $

Salaries And Financing
Average Monthly Net Salary (After Tax)248.87 $

the cost to rent an apartment 3 times higher than the income???

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