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 does it cost to live in Lagos?

List of prices in Lagos Current as of Jun 2021.

Food [Edit]
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 440,404 ₦
Utilities 1 month (heating, electricity, gas …) for 2 people in 85m2 flat 26,396 ₦
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 150,984 ₦

Is Lagos an expensive place to live?

With property and living costs on the rise, expensive estates springing up in all parts of the city, the development of Lagos into a mega city has seen an upswing in the cost of property, it is no wonder Lagos state has been dubbed one of the most expensive cities to live in Nigeria.

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Is Lagos Nigeria expensive?

Lagos, Nigeria is the 25th most expensive city in the world. Having moved up seventeen places from last year’s ranking, Nigeria’s commercial hub is one of Mercer’s top 5 costliest cities in Africa.

Is Lagos a good place to live?

Lagos is infamous for being Nigeria’s most exclusive city to live in. … Lagos is a world-class destination, Nigeria’s most amazing city that has wonderful beaches, skyscrapers, amazing parks, best entertainment options, most job opportunities and so much more.

Is $100 a lot in Nigeria?

Largely depends on who you ask. $100 is around 36,000 Naira which is twice our current official minimum monthly wage. To someone who earns minimum wage, which unfortunately is the bulk of the Nigerian populace, it is a lot of money.

What is a good salary in Lagos?

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.

Where do most celebrities live in Lagos?

The cost of a plot of land in Banana Island in Lagos runs into hundreds of millions of naira. The properties in this island are usually sold for billions of naira. Celebrities, business moguls, politicians are known to live in Banana Island.

Where do billionaires live in Lagos?

The World Health Organisation (WHO) has its Lagos office in Ikoyi. The Nigerian Government Presidential Secretariat is headquartered in Ikoyi. The Deputy-Governor of Lagos State lives in Ikoyi. All of Nigeria’s Billionaires maintain property in Ikoyi.

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What can you buy with $100 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.

How much is a Coke in Nigeria?

Cost of living in Nigeria is, on average, 59.06% lower than in United States.

Cost of Living in Nigeria.

Restaurants Edit
Coke/Pepsi (12 oz small bottle) 129.19₦
Water (12 oz small bottle) 91.62₦
Markets Edit
Milk (regular), (1 gallon) 3,805.89₦

What are the problems in Lagos?

Lagos, Nigeria is already struggling with overpopulation problems. There is widespread poverty, poor sanitation, pollution and perhaps the worst traffic in the world.

Is Lagos dangerous?

The level of criminality in Lagos is high and incidents of violent crime, including assaults and armed attacks, have occurred against foreign nationals and in areas frequented by foreigners. Avoid all unnecessary travel after dark.

What are the disadvantages of living in Lagos?

Top 10 Reasons Why You Don’t Want To Live In Lagos

  • Noise Pollution – Lagos is a polluted city in terms of noise control vis-a-vis the survival of the people. …
  • Air Pollution – A clear case of inadequate power supply in the state means that many residents and commercial centres have to rely on diesel and fuel generators for survival.

21.01.2016

How much do you need to live comfortably in Nigeria?

If you’re traveling to Nigeria, around 500$ should cover your basic monthly expenses (food, social life, a bit of shopping and other expenses) even with the recession that is in effect right now.

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What to know before moving to Lagos?

10 Things You Should Do when You First Arrive in Lagos

  • Join Facebook and lookup any of the useful Lagos expat groups before you move. …
  • Take a scouting trip before you move. …
  • Sort Out Schools for Your Children. …
  • Find out where your local hospital is. …
  • Find a good dentist. …
  • Sign up to Lagos event websites. …
  • Go out and try a few places. …
  • Eat Suya.
Hai Afrika!