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Cost of living and expenses in Nigeria
What are the costs of living, how much do you have to spend on fees and expenses in Nigeria?
What is the cost of a mortgage, what are the average earnings in Nigeria, and how much do you have to spend on clothes or a flat in the centre or on the outskirts of the city?
Below you will read about the expenses, fees, rental prices, how much you have to pay for clothes or shoes and the cost of living in Nigeria
(The last update: 2 days ago)
Currency in Nigeria Nigerian naira (NGN). For 10 US dollars you can get 15 thousand Nigerian nairas. For 100 US dollars you can get 150 thousand Nigerian nairas. And the other way around: For 100 Nigerian nairas you can get 0.0667 US dollars.
See also how prices have changed in previous years: Price changes in previous years in Nigeria
What are the different prices in the cities in Nigeria? Look here: Prices in cities in Nigeria
Prices: Abuja Ibadan Lagos Oyo Abeokuta Jos Kaduna Benin Ilorin Zaria
Pizza prices in Nigeria: Lagos
fees
$28 ($19.1 - $46)
86% is less expensive than in United States
internet
$39 ($19.3 - $65)
by half less than in United States
jeans
$17.7 ($9.6 - $36)
66% is less expensive than in United States
average earnings
$173
96% is less expensive than in United States
renting a small apartment in the center
$858 ($282 - $1.95K)
by half less than in United States
renting a large apartment outside the center
$1.2K ($391 - $3.25K)
by half less than in United States
The cost of living in Nigeria:
- One-way Ticket (Local Transport) $0.67 (NGN 998)
- Monthly Pass (Regular Price) $27 (NGN 40.7K)
- Gasoline (1 liter) $0.6 (NGN 899)
- Volkswagen Golf 1.4 90 KW (or equivalent new car) $12K (NGN 18.1M)
- Apartment (1 bedroom) in city centre $858 (NGN 1.29M)
- Apartment (1 bedroom) outside of centre $534 (NGN 801K)
- Apartment (3 bedrooms) in city centre $2K (NGN 2.99M)
- Apartment (3 bedrooms) outside of centre $1.2K (NGN 1.8M)
- Utilities (electricity, heating, water, garbage) for an 85m2 apartment $28 (NGN 42.6K)
- Internet (60 Mbps or more, unlimited data, cable/ADSL) $39 (NGN 58.3K)
- numb_34 $9.5 (NGN 14.3K)
- 1 pair of jeans (Levis 501 or similar) $17.7 (NGN 26.5K)
- 1 Summer Dress in a Chain Store (Zara, H&M,...) $27 (NGN 40.2K)
- 1 pair of Nike running shoes or similar $62 (NGN 92.8K)
- 1 pair of men's leather shoes $56 (NGN 84.5K)
- Toyota Corolla 1.6l, 97kW Comfort (or equivalent new car) $23.8K (NGN 35.7M)
- Preschool (or Kindergarten), Private, Monthly for 1 Child $84 (NGN 125K)
- Price per square meter for an apartment in the city center $820 (NGN 1.23M)
- International Primary School, Annually for 1 Child $1.6K (NGN 2.41M)
- Price per square meter for an apartment outside of city centre $355 (NGN 532K)
- Average Monthly Net Salary (After Tax) $173 (NGN 259K)
- Mortgage annual interest rate in percentages (%) 20%
- Taxi starting fare (normal tariff) $1.1 (NGN 1.67K)
- Taxi 1km (Normal Tariff) $1.8 (NGN 2.68K)
- Taxi 1 hour waiting (normal tariff) $4.3 (NGN 6.51K)
Price changes in previous years in Nigeria
Price changes in One Square Meter Of An Apartment In The Center over the years: 2012: $479K(NGN 719M), 2013: $436K(NGN 653M), and 2016: $375K(NGN 562M)
Have earnings increased in Nigeria?
See the average salary in previous years in 2012: $124K(NGN 186M), 2013: $111K(NGN 167M), 2014: $128K(NGN 192M), 2015: $127K(NGN 190M), 2016: $81.4K(NGN 122M), 2017: $72.6K(NGN 109M), and 2018: $72.2K(NGN 108M)
Price changes in Fees over the years: 2012: $17.3K(NGN 25.9M), 2013: $12K(NGN 18M), 2014: $25.5K(NGN 38.2M), 2015: $27.3K(NGN 41M), 2016: $15.8K(NGN 23.7M), 2017: $11.7K(NGN 17.6M), and 2018: $9.88K(NGN 14.8M)
Price changes in Internet over the years: 2012: $14.6K(NGN 22M), 2013: $13.6K(NGN 20.4M), 2015: $14.8K(NGN 22.2M), 2016: $14.3K(NGN 21.5M), 2017: $20.1K(NGN 30.1M), and 2018: $14.3K(NGN 21.4M)
Have prices changed in clothing stores in Nigeria in recent years?
For example, this is how the prices of jeans have changed in 2012: $11.1K(NGN 16.7M), 2013: $9.56K(NGN 14.3M), 2014: $7.1K(NGN 10.6M), 2015: $4.26K(NGN 6.38M), 2016: $4.44K(NGN 6.65M), 2017: $8.54K(NGN 12.8M), and 2018: $7.15K(NGN 10.7M)
Do you want to learn more about different prices? See the following comparison:
fees
$28 ($19.1 - $46)
86% is less expensive than in United States
bread
$1.4 ($0.77 - $2.3)
60% is less expensive than in United States
Burger King or a similar bar
$6 ($4.5 - $7.8)
by half less than in United States
wine
$6.6 ($2.8 - $12)
by half less than in United States
renting a large apartment outside the center
$1.2K ($391 - $3.25K)
by half less than in United States
coffee
$2.5 ($0.56 - $5.7)
by half less than in United States