Lagos

Lagos is the largest city in Nigeria and the third most populous city in Africa. The city of Lagos is a major economic focal point in Nigeria, generating around 10% of the country's GDP.

Founded: 1472
Population: 15.4m
Area: 907 km²
Average salary: $203.35
Elevation: 41 m
Timezone: UTC+1

Cost of Living in Lagos

Last Update: February 2023

Rent Per Month

Price

Range

Apartment (1 bedroom) in City Centre

$1,546.31

$866.14$3,248.02

Apartment (1 bedroom) Outside of Centre

$777.56

$433.07$1,624.01

Apartment (3 bedrooms) in City Centre

$5,285.41

$3,248.02$8,661.38

Apartment (3 bedrooms) Outside of Centre

$2,588.10

$1,624.01$5,413.36

Buy Apartment Price

Price

Range

Price per Square Meter to Buy Apartment in City Centre

$823.98

$433.07$2,165.35

Price per Square Meter to Buy Apartment Outside of Centre

$331.41

$108.27$1,082.67

Utilities (Monthly)

Price

Range

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

$0.04

$0.02$0.09

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

$27.89

$10.83$54.13

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

$52.67

$38.98$75.79

Markets

Price

Range

Apples (1kg)

$3.04

$1.08$4.40

Banana (1kg)

$2.01

$0.76$4.98

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$5.78

$2.17$10.83

Bottle of Wine (Mid-Range)

$6.50

$2.60$10.83

Chicken Fillets (1kg)

$5.40

$2.60$8.66

Cigarettes 20 Pack (Marlboro)

$1.08

$0.65$2.17

Domestic Beer (0.5 liter bottle)

$0.98

$0.65$1.73

Eggs (regular) (12)

$2.12

$1.30$3.51

Imported Beer (0.33 liter bottle)

$1.48

$0.76$2.17

Lettuce (1 head)

$1.39

$0.43$2.60

Loaf of Fresh White Bread (500g)

$1.38

$0.87$2.17

Local Cheese (1kg)

$4.26

$2.17$11.91

Milk (regular), (1 liter)

$3.60

$1.95$6.50

Onion (1kg)

$1.70

$0.76$2.60

Oranges (1kg)

$1.88

$0.65$5.41

Potato (1kg)

$2.82

$0.65$5.41

Rice (white), (1kg)

$2.71

$1.08$4.40

Tomato (1kg)

$2.71

$1.08$4.33

Water (1.5 liter bottle)

$0.53

$0.32$0.87

Transportation

Price

Range

Gasoline (1 liter)

$0.38

$0.35$0.43

Monthly Pass (Regular Price)

$32.95

$19.49$43.31

One-way Ticket (Local Transport)

$0.87

$0.43$1.73

Taxi 1hour Waiting (Normal Tariff)

$4.33

$3.25$7.58

Taxi 1km (Normal Tariff)

$2.17

$1.08$3.25

Taxi Start (Normal Tariff)

$1.46

$0.87$2.17

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$32,480.19

$25,984.15$34,645.54

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$17,322.77

$17,322.77$21,653.46

Clothing And Shoes

Price

Range

1 Pair of Jeans (Levis 501 Or Similar)

$19.68

$10.83$32.48

1 Pair of Men Leather Business Shoes

$64.47

$43.31$125.16

1 Pair of Nike Running Shoes (Mid-Range)

$67.22

$32.48$108.27

1 Summer Dress in a Chain Store (Zara, H&M, ...)

$25.32

$10.83$54.13

Restaurants

Price

Range

Cappuccino (regular)

$3.31

$0.65$5.41

Coke/Pepsi (0.33 liter bottle)

$0.40

$0.32$0.54

Domestic Beer (0.5 liter draught)

$1.08

$0.65$2.17

Imported Beer (0.33 liter bottle)

$1.73

$1.08$2.17

McMeal at McDonalds (or Equivalent Combo Meal)

$6.50

$5.41$8.66

Meal for 2 People, Mid-range Restaurant, Three-course

$43.31

$32.48$99.72

Meal, Inexpensive Restaurant

$4.33

$1.19$7.58

Water (0.33 liter bottle)

$0.27

$0.22$0.54

Childcare

Price

Range

International Primary School, Yearly for 1 Child

$2,896.23

$649.60$10,242.36

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$121.82

$54.13$216.53

Sports And Leisure

Price

Range

Cinema, International Release, 1 Seat

$7.58

$5.41$10.83

Fitness Club, Monthly Fee for 1 Adult

$39.26

$15.16$64.96

Tennis Court Rent (1 Hour on Weekend)

$9.26

$6.50$10.83

Salaries And Financing

Price

Range

Average Monthly Net Salary (After Tax)

$203.35

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

17.5

1030

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