Get information on cost of living, employment, tax and crime. With accurate information in this article, you will find it easy to plan your budget and align it as to the actual living cost in Nigeria. Rent in Lagos is, on average, 50.18% lower than in New York. Ibadan is 76% cheaper than New York City. Hotel room – from $10 – $200 depending on the size of the town and hotel class. To examine the impact of inflation and cost of living on economic growth in Nigeria. Also. Cost Of Living. April 15, 2020. The cost of living in Nigeria may be too much for some. The city is organized and well-planned with good roads. Known as Africa’s most populous city, Lagos is home to over 21 million people. Facebook. H1: Cost of living has no significant impact on economic growth in Nigeria. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. The survey covered data collection and index calculations for a basket of goods and services including housing and domestic service costs. The color of each marker corresponds with the cost of living in the city red markers show more expensive cities green ones show cheaper cities Cost of Living. Moving the mouse on top of a city will show its name and the Cost of Living Index of that city. Coffee costs: $0.36. Restaurants Meal, Inexpensive Restaurant 500.00 ₦ Meal for 2 People, Mid-range Restaurant, Three-course 8,000.00 ₦ McMeal at McDonalds (or Equivalent Combo Meal) 2,000.00 ₦ Domestic Beer (0.5 liter draught) 300.00 ₦ Imported Beer (0.33 liter bottle) 500.00 ₦ Cappuccino … Here we go. Cost of Living in Ilorin, Nigeria Access data about cities and countries worldwide. INFLATION rate in Nigeria has increased to 18.17 per cent in March 2021, indicating the highest level since January 2017, the Consumer Price Index (CPI) of March 2020 has shown. 1.6 SIGNIFICANCE OF THE STUDY The study will be useful to policy makers especially in formulating policies that will reduce inflation growth rate and ensure lower cost of living. Cost of living in Lagos is 55% cheaper than in Los Angeles, California; Cost of living in Lagos is 5% cheaper than in Nairobi; Cost of living in Lagos is 59% more expensive than in Hyderabad, India; Cost of living in Lagos is 62% cheaper than in London; Cost of living … Add Price. In the long-term, the Nigeria Living Wage Family is projected to trend around 143000.00 NGN/Month in 2021, according to our econometric models. The cost of a 1-bedroom apartment in prominent parts of Lagos can cost between ₦300,000 – ₦500,000. Change currency (USD) The statistics used to build this comparison are calculated using data from users just like you. $0. Monthly rent costs: $291 per month. Which state has the highest cost of living in Nigeria? BATHS. $0. As a result of this, private investment in luxuries and amenities skyrocketed and the prices … Housing cost. $0. Safety in living at Lagos,Nigeria for Foreigners 18 March 2021; Date places 17 March 2021; Travel to Nigeria 01 March 2021; Luggage allowance on asky airlines 26 January 2021; 1st visit to Nigeria 29 December 2020; Controlled meds and customs 12 November 2020; Do you need proof of the polio vaccine to enter Nigeria? Nigeria: Currency +/- valuation index. Cost of Living in Nigeria. The Cost of Living in Abuja is low. Meal in an inexpensive restaurant is about 500 naira. TYPE. Copyright © 2009-2021 Numbeo. The figures of the cost of living in Nigeria in this article would be based on this two urban centers, because majority of tourist, visitors, and investors are concentrated in these two aforementioned locales. Read: Ranking the Best Nigerian President since 1960. SEARCH More Options. These factors are very imperative to know irrespective of your being a tourist, investor, expatriate or native … Get Your Dream Home Today. Professionals should subscribe to ERI’s Assessor Series. What is the Cost of Living Index? Breakdown of prices in Abuja, Nigeria for housing, food, transportation, going out for April 2021. Your use of this service is subject to our As mentioned earlier, the region in which you live has significant influence on your cost of living. Apartment (1 bedroom) in City Centre. BUY. A family costs: $1,068 per month. Coffee costs: $3.31. Let us consider 4 cities with the most expensive cost of living. Cost of living in Kano, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at April 2021. Professionals should subscribe to ERI’s Assessor Series. The cost of living for expatriates in Lagos as at January 2021 is average in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 70.32 (New York =100). Cost of Living in Lagos | Nigeria. We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. Mobile version BEDS. Price. These include; Accommodation, food, transportation, utilities, education etc. Kano: Kano is the capital of Kano State in Northern Nigeria and the second largest metropolitan area in Nigeria after Lagos. Renting an apartment ranges from 600,000- 10,000,000 naira per annum but, in most cases, hiring companies will not only find and secure housing for their expatriate staff, but they will also foot the bill. About Nigeria; Nigerian Cost of Living. A single person costs: $1,155 per month. database is calculated by comparing their cost of living to the cost of living in Prague. Lagos Mainland consists of places like Agege, Apapa, Badagry, Ebute Meta, Festac, Egbeda, Ikeja, IKorodu, Isolo, Ketu, Mushin, Oshodi, Surulere, Yaba. A cost of housing score of 1 indicates most expensive while a 10 represents cheapest. Although, not everybody is lucky to have that kind of offer. INFLATION rate in Nigeria has increased to 18.17 per cent in March 2021, indicating the highest level since January 2017, the Consumer Price Index (CPI) of March 2020 has shown.It is also an indication that the cost of living is rising fast in Africa’s most populous nation. The cost of … Housing and Utilities: According to the Nigerian Consulate in Atlanta, “Nigeria is a very cheap country to visit or live in” when compared to the United States. Currency : Grocery prices in Ife. Cost of living in Jos, Nigeria is $207 and it seems moderately according to the average monthly salary which is $0. A family costs: $1,837 per month. A single person costs: $887 per month. However, in order to get more correct and precise information regarding the living cost in the state in general, let’s describe the two division- Main Land and Island, separately. Lagos is 69% cheaper than New York City. Professionals should subscribe to ERI’s Assessor Series. Calculations are made at the lowest possible exchange rate (S1 = 100) of the US dollar to the Nigerian Naira. Cost of Living in Lagos Mainland . However, people living in … Cost of living in Nigeria compared to Mexico. It is also an indication that the cost of living is rising fast in Africa’s most populous nation. Please help us update it. PortuguêsCusto de Vida na Nigéria Cost of living in Ife Nigeria index calculator, grocery and rent prices for a signle person and family in Ife Nigeria, cost of living comparison 2. ), 1 min. A single person estimated monthly costs are 448.65$ (171,383.91₦) without rent. Name. Living Wage Family in Nigeria is expected to reach 139900.00 NGN/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. For more insights check the list of average prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories. Get information on cost of living, employment, tax and crime. LUXURY APARTMENTS. On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Nigerian … Table of the cost of living in Nigeria. $0. The average after-tax salary is enough to cover living expenses for 0.2 months in Nigeria compared to 0.3 months in Uganda. For instance, In July 2020, the CBN included maize in its forex ban list. One very key information everyone needs to know about living in Nigeria is the current cost of living in Nigeria.… Read More » Search for: SEARCH FOR PROPERTY. 43%. of prepaid mobile tariff (no discounts or plans) in, Nice dinner at an italian restaurant, dinner for two in, 2 tickets to the theater (best available seats) in, Basic dinner out in neighborhood pub, dinner for two in. FrançaisCoût de la Vie au Nigéria Apartment (1 bedroom) … As part of the exercise, a price collection was carried … Cost of Living. $207. In-order … Nigeria. Apartment (1 bedroom) in City Centre. Average Salary. The median after-tax salary is $220, which is enough to cover living expenses for 0.2 months. Fuel. is. Breakdown of prices in Lagos, Nigeria for housing, food, transportation, going out for April 2021. Pros and cons is living in Nigeria? Coffee costs: $3.31. Once the reference point has been established, the Price Index value of every other city in the Most people in our country are either wealthy or living in abject poverty; you are either a fabulously rich man or you are thinking about how to manage your money until the next pay day. … We also have on this page a list of all the cities available in Expatistan: List of all the cities available in Expatistan. We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. outside of these areas, the cost is between ₦150,000.00 -₦300,000.00 . A place-to-place cost-of-living survey was carried out by the Cost-of-living Division of the International Civil Service Commission's secretariat in Nigeria in March 2009 for post adjustment purposes. Sometimes, the body breaks down and requires medical attention and you want to be ready for such unforeseen occurrences. Cost of Living / Nigeria / Ilorin; Cost of Living Score. A family costs: $1,843 per month. Learn more about our data sources. We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. To determine the impact of inflation on the cost of living in Nigeria. Average House Rent. Restaurants Meal, Inexpensive Restaurant 500.00 ₦ Meal for 2 People, Mid-range Restaurant, Three-course 8,000.00 ₦ McMeal at McDonalds (or Equivalent Combo Meal) 2,000.00 ₦ of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ...), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, Family of four estimated monthly costs are, A single person estimated monthly costs are. Nigeria Average Salary, Minimum Wage & Mortgages. … Monthly rent costs: $266 per month. If you want a western standard of living, you have to pay for it. The Cost of Living in Abuja is low. Cost of Living / Nigeria / Yola; Cost of Living Score. Full version Depending on the location and dimensions, the site lists apartment rentals as costing anywhere from $300 to $2,000 … The cost of living in Lagos ranks 461st out of 526 cities in the world and the cost of living index of 32.67. The cost of living in Nigeria is pretty high for a developing country. Search. What is it like to live in Kano? FURNISHED APARTMENTS. Now if you don't have a drivers license, dont ever stop for a road safety official. Your use of this service is subject to our, German/French Customer Service - Debrecen, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. 1.4 RESEARCH QUESTIONS . For perspective, one U.S. dollar equals ₦366.16 (Nigerian Nairas). We average the price of thousands of data points entered by users across the world. According to the cost of living survey carried out in 2014, Abuja and Lagos rank 25th and 36 th most expensive cities in … On the other hand, a 3-bedroom apartment in prominent areas like Ikeja, Yaba, Surulere, Victoria Island and Lekki cost between … Lagos is 64.85% less expensive than New York (without rent, see our cost of living index ). $0. Cost of living in Onitsha, Nigeria is $135 and it seems moderately according to the average monthly salary which is $0. Cost of living in Warri, Nigeria is $117 and it seems affordable according to the average monthly salary which is $184. This economic policies have increased the cost of living within the country. EspañolCosto de Vida en Nigeria, Copyright © 2009-2021 Numbeo. WhatsApp. With over 23 job categories in Nigeria as shown by a study, the salary rates vary depending on the nature of job and skill-set required but the minimum wage is pegged at N30,000 (around $85). If you want a western standard of living, you have to pay for it. INFLATION rate in Nigeria has increased to 18.17 per cent in March 2021, indicating the highest level since January 2017, the Consumer Price Index (CPI) of March 2020 has shown. Domestic beer in Nigeria costs about 300 naira, while its imported counterpart will cost about 500 naira. Currency in circulation continues to drop amid rising inflation in Nigeria, as the Central Bank of Nigeria (CBN) recorded a decline between January and February. Cost of Living In Nigeria versus Cost of Living In The USA. Cost of Living in Nigeria: Personal care. To rent a … $0. Published by Simona Varrella , Sep 4, 2020. A single person costs: $1,369 per month. Lagos ranks 18th out of 209 cities in Mercer's 2020 Cost of Living Survey – making it more expensive than London. SERVICED APARTMENTS. MAX PRICE. This map shows only the top cities in Nigeria. Cost of Living in Lagos. A single person costs: $1,369 per month. Cost of Living in Ilorin, Nigeria Access data about cities and countries worldwide. Cost of living in Nigeria is 57.17% lower than in United States(aggregate data for all cities, rent is not taken into account). Breakdown of prices in Abuja, Nigeria for housing, food, transportation, going out for April 2021. Driving License: When a police man holds you, give him something, you go pass. The High Cost Of Living In Lagos Nigeria – Lagos is a city situated along the coastal zone of Southwestern Nigeria. Breakdown of prices in Ibadan, Nigeria for housing, food, transportation, going out for February 2021. The average cost of living in Nigeria ($807) is 32% more expensive than in Uganda ($611). On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Nigerian Naira, which equaled to roughly 111 U.S. 1Y. The 2014 Mercer Cost of Living survey ranks Lagos and Abuja as the 25 th and 36 th most expensive cities in the world for expatriates. Get information on cost of living, employment, tax and crime. It is also an indication that the cost of living is rising fast in Africa’s most populous nation. Below is a price guide, in US dollars. Enugu. Cost of Living in Nigeria. The 2014 Mercer Cost of Living survey ranks Lagos and Abuja as the 25 th and 36 th most expensive cities in the world for expatriates. For more insights check the list of average prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories. Privacy Policy. The Cost of living in Nigeria compared to South Africa shows that in Nigeria sometimes you would SAVE 12,129 NGN (775 ZAR) for the South Africa same items. Since the basic Human … Compared to the United States, and considering the strength of the US dollar, Nigeria is a very cheap country to visit or live in. 12 November 2020 Cost of living in Nigeria is, on average, 56.59% lower than in United States. Search. Drinks in Nigeria. Calculations are made at the lowest possible exchange rate (S1 = 100) of the US dollar to the Nigerian Naira. This country had 2128 entries in the past 12 months by 228 different contributors. This page is a promotion for ERI’s Assessor Series and is not intended for professional use. For example, when compared to India, real estate in Nigeria is 166% more expensive; however, it is 53% cheaper than in the US. The following are collected for use in determining the cost of housing score: … If you want to compare the cost of Living in Nigeria VS South Africa, please visit our page and find comprehensive information related to the prices of the groceries, taxi fare, hotel prices, and compare easily. Family of four estimated monthly costs are 1,625.77$ (621,045.32₦) without rent. Below is a price guide, in US dollars. A 1 bedroom apartment in the central locations in Abuja cost between ₦50,000 to ₦250,000. Outside of these areas, you can find a 1 bedroom apartment between ₦25,000 and ₦150,000 The Cost of Living in Ibadan is low. central reference city (that happens to be Prague). Living Wage Individual in Nigeria is expected to reach 40100.00 NGN/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. Ranked 8612th (TOP 93%) in the list of best places to live in the world and 1st best city to live in Nigeria. All companies pay their workers in Naira with exception of a few multinational companies that pay their expat staffs in foreign currency. A single traveler costs: $2,186 per month. IMF: Cost of Doing Business in Nigeria Very High – The International Monetary Fund (IMF) has said that the cost of doing business in Nigeria remains very high, attributing this to the poor electricity supply in the country. The world’s largest database, Numbeo, has a vast selection of user-contributed data in regards to Nigeria. Add Price. Abuja is 63% cheaper than New York City. 15% more than Nigeria To examine what constitutes cost of living, and how it negatively affects economic growth. The tables below provide an over view of the differences in costs between Nigeria and the UK. Compare Cost of living between Nigeria and South Africa Nigeria South Africa Fuel Typical Meal Egg Rice Potato Tomato Flour Banana 0$ 10$ 20$ 30$ USD. Cost of living index in Ife Nigeria. Monthly rent costs: $266 per month. Cost of Living In Nigeria versus Cost of Living In The USA. The average cost of living in Lagos is $1036, which is close to the world's average cost of living, ranked 5312th out of 9294 in our global list and 1st out of 33 in Nigeria. South Africa. On InterNations’ own Expat Insider Survey, Nigeria is rated as the most expensive country for expats (out of 61 countries).