Cost of Living in Lagos, Nigeria

Lagos, Nigeria's commercial heartbeat and Africa's largest city, is a study in contrasts. Known for its entrepreneurial energy and vibrant nightlife, the cost of living varies significantly between the affluent 'Island' (Ikoyi, Victoria Island, Lekki) and the more affordable 'Mainland'. While the city offers immense opportunities, residents navigate challenges like high inflation, fluctuating currency values, and infrastructure gaps. For expats and locals alike, Lagos is a high-cost hub relative to regional peers, yet it remains one of the most culturally rich and economically significant cities on the continent.

Rent & Housing Prices in Lagos

3bed center₦1,200,000 ($760) / month
3bed outside₦450,000 ($285) / month
1bed center₦450,000 ($285) / month
1bed outside₦150,000 ($95) / month

Food & Dining Costs

Meal, Inexpensive Restaurant₦4,500 ($2.85)
Three-course Meal for 2, Mid-range₦50,000 ($31.60)
McMeal at Burger King or Equivalent₦8,500 ($5.35)
Domestic Beer (0.5L draught)₦1,200 ($0.75)
Milk (1 liter)₦2,100 ($1.33)
Loaf of Fresh White Bread₦1,100 ($0.70)

Transportation & Commuting

monthly pass₦30,000 ($19.00)
taxi start₦1,500 ($0.95)
gasoline 1 liter₦980 ($0.62)
one way ticket local₦850 ($0.54)

Salaries & Financing in Nigeria

avg salary₦250,000 ($158) / month
mortgage rate26.5%

Quality of Life in Lagos

Lagos offers an unparalleled social life, with world-class dining, art galleries, and beach clubs. However, the quality of life is impacted by heavy traffic congestion ('go-slows'), inconsistent public power supply requiring costly generators, and high levels of noise and air pollution. Safety varies greatly by neighborhood, and private healthcare is the standard for high-quality medical services.

3 Days in Lagos: A Budget Itinerary

Day 1

Morning visit to the Nike Art Gallery (free entry), followed by a canopy walk at Lekki Conservation Centre. Evening dinner at a local 'buka' for authentic Jollof rice.

Day 2

Take a boat from Victoria Island to Tarkwa Bay Beach for a day of swimming and surfing. Return for a sunset drink at a rooftop bar in Ikoyi.

Day 3

Explore the Mainland: Visit the Kalakuta Republic Museum (Fela Kuti's former home) and end the night with live music at the New Afrika Shrine.

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