Summary of cost of living in Nigeria:
Restaurants | |
Range |
|---|---|---|
| Meal at an Inexpensive Restaurant | ₦2,500.00 | |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | ₦40,000.00 | |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | ₦5,991.60 | |
| Domestic Draft Beer (1 Pint) | ₦1,066.26 | |
| Imported Beer (12 oz Small Bottle) | ₦1,732.67 | |
| Cappuccino (Regular Size) | ₦3,177.86 | |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | ₦468.56 | |
| Bottled Water (12 oz) | ₦278.07 | |
Markets | |
|
| Milk (Regular, 1 Liter) | ₦3,739.70 | |
| Fresh White Bread (1 lb Loaf) | ₦1,188.51 | |
| White Rice (1 lb) | ₦927.07 | |
| Eggs (12, Large Size) | ₦2,116.80 | |
| Local Cheese (1 lb) | ₦3,614.44 | |
| Chicken Fillets (1 lb) | ₦2,549.24 | |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | ₦2,350.30 | |
| Apples (1 lb) | ₦1,412.43 | |
| Bananas (1 lb) | ₦791.38 | |
| Oranges (1 lb) | ₦738.40 | |
| Tomatoes (1 lb) | ₦953.23 | |
| Potatoes (1 lb) | ₦962.69 | |
| Onions (1 lb) | ₦809.93 | |
| Lettuce (1 Head) | ₦853.58 | |
| Bottled Water (50 oz) | ₦498.22 | |
| Bottle of Wine (Mid-Range) | ₦5,331.28 | |
| Domestic Beer (16.9 oz Bottle) | ₦925.72 | |
| Imported Beer (12 oz Small Bottle) | ₦1,118.23 | |
| Cigarettes (Pack of 20, Marlboro) | ₦1,000.00 | |
Transportation | |
|
| One-Way Ticket (Local Transport) | ₦500.00 | |
| Monthly Public Transport Pass (Regular Price) | ₦20,000.00 | |
| Taxi Start (Standard Tariff) | ₦799.69 | |
| Taxi 1 mile (Standard Tariff) | ₦2,355.64 | |
| Taxi 1 Hour Waiting (Standard Tariff) | ₦2,900.00 | |
| Gasoline (1 Liter) | ₦832.95 | |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | ₦15,000,000.00 | |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | ₦32,944,805.81 | |
Utilities (Monthly) | |
|
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | ₦94,446.52 | |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | ₦7,005.24 | |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | ₦29,307.04 | |
Sports And Leisure | |
|
| Monthly Fitness Club Membership | ₦26,150.91 | |
| Tennis Court Rental (1 Hour, Weekend) | ₦8,951.17 | |
| Cinema Ticket (International Release) | ₦6,000.00 | |
Childcare | |
|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | ₦84,758.94 | |
| International Primary School, Annual Tuition per Child | ₦5,615,768.90 | |
Clothing And Shoes | |
|
| Jeans (Levi's 501 or Similar) | ₦17,253.69 | |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | ₦25,940.16 | |
| Nike Running Shoes (Mid-Range) | ₦46,930.13 | |
| Men's Leather Business Shoes | ₦49,548.54 | |
Rent Per Month | |
|
| 1 Bedroom Apartment in City Centre | ₦651,038.34 | |
| 1 Bedroom Apartment Outside of City Centre | ₦439,579.85 | |
| 3 Bedroom Apartment in City Centre | ₦1,981,090.79 | |
| 3 Bedroom Apartment Outside of City Centre | ₦1,112,325.91 | |
Buy Apartment Price | |
|
| Price per Square Feet to Buy Apartment in City Centre | ₦326,201.74 | |
| Price per Square Feet to Buy Apartment Outside of Centre | ₦143,652.55 | |
Salaries And Financing | |
|
| Average Monthly Net Salary (After Tax) | ₦122,516.48 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 17.83 | |
Sources and References
|
|
|
|
|
|
|
|
|
|