How much does it cost to live in Nigeria in US dollars?

Apartment Type Cost of Apartment in the US Cost of Apartment in Nigeria
1 Bedroom Apartment (Metropolitan Areas) 467,576.76 Naira (1,289.87 Dollars) 219,750.00 Naira (606.21 Dollars)
1 Bedroom outside the metropolis. 371,062 (1,023.62 dollars) 123,794 Naira (341 Dollars)

How much USD does it cost to live in Nigeria?

Summary: Family of four estimated monthly costs are 1,552$ (636,431₦) without rent. A single person estimated monthly costs are 430$ (176,110₦) without rent. Cost of living in Nigeria is, on average, 59.18% lower than in United States.

Is Nigeria cheaper than USA?

Nigeria is 58.8% cheaper than United States.

What is the average income in Nigeria in US dollars?

GDP per capita in Nigeria is expected to reach 2250.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria GDP per capita is projected to trend around 2300.00 USD in 2021 and 2450.00 USD in 2022, according to our econometric models.

IT IS INTERESTING:  How much does a cow cost in Ethiopia?

What can $100 buy in Nigeria?

$100 is work 36,300 in Nigerian currency.

  • 10 bags of sachet water (pure water)
  • A bottle of water.
  • Transport fare over a short distance within a city.
  • Two beef roll snacks (gala)
  • Some really cheap biscuits.

Is $100 a lot of money in Nigeria?

Yes it is! Now $100 translates — going by the most current exchange rate, which is put at 360 NGN to a dollar— to 36,000 NGN. … So with the above info at the back of our minds, $100 is a significant amount of money to over 80% of the population! Now that is a lot of money by that standard.

What is a good salary in Nigeria?

A person working in Nigeria typically earns around 339,000 NGN per month. Salaries range from 85,700 NGN (lowest average) to 1,510,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

How much is a gallon of milk in Nigeria in US dollars?

pay 79.8% more for groceries

Nigeria United States
Milk (1 gallon) $8.57 ₦2,974.72 $3.20
Eggs 1 dozen $1.21 ₦418.72 $2.34
Boneless chicken breast (1 lb) $1.92 ₦667.42 $4.12
Apples (1 lb) $1.75 ₦606.98 $2.11

How much is average rent in Nigeria?

Cost of living in Nigeria chart

Accommodation (monthly rent)
Three-bedroom apartment in city centre NGN 400,000
One-bedroom apartment in city centre NGN 150,000
One-bedroom apartment outside of city centre NGN 40,000
Shopping and groceries

How much do groceries cost in Nigeria?

Current food prices are roughly around 4-5$ for a larger tray of eggs (30 eggs), 3$ for around 5 pounds of potatoes and the same goes for a bucket of oranges. A large pineapple would be around 2-3$.

IT IS INTERESTING:  When did Nigeria return to democratic rule?

Who is considered rich in Nigeria?

According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion), Femi Otedola (net worth US$1.85 billion), Folorunsho Alakija (net worth US$1.55 billion), Abdul Samad Rabiu (net worth $1.1 billion).

What is a middle class income in Nigeria?

Our findings about the Nigerian middle class are summarised below: ▪ Their average monthly income is in the range NGN75,000-100,000 ($480- 645, or roughly $6,000-7,000 pa). ▪ The middle class make up about 23% of the Nigerian population, according to African Development Bank (AfDB) data.

What is a good salary in US per month?

Median Monthly Salaries 2017

In December 2017, the median weekly salary for Americans was $857, which equals $3,714 per month. Half of all workers earned less than this and half earned more. This figure represents some distinct differences between the median incomes earned by men and women.

Is $50 a lot of money in Nigeria?

To answer your question, $50 is worth just about NGN17,750 (using $1 = NGN355). Where NGN represents Nigerian Naira. You can only do grocery shopping with that amount of money and if you’re a spender, that may not last you more than a day.

How much is $100 dollar in Nigeria money?

Are you overpaying your bank?

Conversion rates US Dollar / Nigerian Naira
10 USD 3880.00000 NGN
20 USD 7760.00000 NGN
50 USD 19400.00000 NGN
100 USD 38800.00000 NGN

What is a good salary in Lagos Nigeria?

A person working in Lagos typically earns around 351,000 NGN per month. Salaries range from 88,800 NGN (lowest average) to 1,570,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

IT IS INTERESTING:  What made the workers of the Zambia Collum Coal Mine angry?
Hai Afrika!