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Cost of living in Nigeria

Posted: Sat Feb 04, 2017 6:05 pm
by peterumimo
Cost of living in Nigeria is 51.25% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Nigeria is 55.06% lower than in United States (average data for all cities).

Restaurants Avg. Range

Meal, Inexpensive Restaurant 500.00 ₦ 400.00-939.02
Meal for 2 People, Mid-range Restaurant, Three-course 5,750.00 ₦ 4,000.00-9,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,500.00 ₦ 1,200.00-2,000.00
Domestic Beer (0.5 liter draught) 270.00 ₦ 200.00-300.00
Imported Beer (0.33 liter bottle) 500.00 ₦ 350.00-700.00
Cappuccino (regular) 677.78 ₦ 500.00-1,000.00
Coke/Pepsi (0.33 liter bottle) 98.54 ₦ 70.00-120.00
Water (0.33 liter bottle) 63.81 ₦ 50.00-100.00

Markets Avg.

Milk (regular), (1 liter) 613.92 ₦ 317.01-800.00
Loaf of Fresh White Bread (500g) 297.29 ₦ 250.00-400.00
Rice (white), (1kg) 543.41 ₦ 350.00-950.00
Eggs (12) 491.99 ₦ 360.00-600.00
Local Cheese (1kg) 2,900.00 ₦ 2,000.00-3,500.00
Chicken Breasts (Boneless, Skinless), (1kg) 1,218.60 ₦ 1,000.00-1,500.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 1,411.11 ₦ 1,200.00-1,500.00
Apples (1kg) 773.57 ₦ 600.00-903.82
Banana (1kg) 436.85 ₦ 300.00-600.00
Oranges (1kg) 419.40 ₦ 213.00-600.00
Tomato (1kg) 530.12 ₦ 440.92-600.00
Potato (1kg) 421.21 ₦ 300.00-550.00
Onion (1kg) 384.09 ₦ 250.00-500.00
Lettuce (1 head) 313.33 ₦ 180.00-450.00
Water (1.5 liter bottle) 145.71 ₦ 120.00-150.00
Bottle of Wine (Mid-Range) 1,200.00 ₦ 1,000.00-2,000.00
Domestic Beer (0.5 liter bottle) 257.88 ₦ 200.00-300.00
Imported Beer (0.33 liter bottle) 503.00 ₦ 324.00-700.00
Pack of Cigarettes (Marlboro) 213.00 ₦ 200.00-300.00


Transportation Avg.


One-way Ticket (Local Transport) 100.00 ₦ 100.00-150.00
Monthly Pass (Regular Price) 11,500.00 ₦ 9,500.00-20,000.00
Taxi Start (Normal Tariff) 400.00 ₦ 200.00-1,000.00
Taxi 1km (Normal Tariff) 500.00 ₦ 200.00-1,000.00
Taxi 1hour Waiting (Normal Tariff) 1,500.00 ₦ 800.00-3,000.00
Gasoline (1 liter) 145.00 ₦ 145.00-145.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 4,000,000.00 ₦ 2,500,000.00-5,900,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 5,510,000.00 ₦ 2,500,000.00-8,500,000.00

Utilities (Monthly) Avg.

Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment 14,500.00 ₦ 10,000.00-20,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 28.53 ₦ 15.00-40.00
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 15,291.67 ₦ 10,000.00-20,000.00

Sports And Leisure Avg.

Fitness Club, Monthly Fee for 1 Adult 11,384.62 ₦ 6,000.00-20,000.00
Tennis Court Rent (1 Hour on Weekend) 2,500.00 ₦ 1,500.00-4,000.00
Cinema, International Release, 1 Seat 1,500.00 ₦ 1,000.00-2,000.00

Clothing And Shoes Avg.

1 Pair of Jeans (Levis 501 Or Similar) 6,125.00 ₦ 2,500.00-12,500.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,541.67 ₦ 5,000.00-15,000.00
1 Pair of Nike Running Shoes (Mid-Range) 11,066.67 ₦ 5,000.00-20,000.00
1 Pair of Men Leather Business Shoes 16,266.67 ₦ 10,000.00-25,000.00

Rent Per Month Avg.

Apartment (1 bedroom) in City Centre 137,777.78 ₦ 60,000.00-200,000.00
Apartment (1 bedroom) Outside of Centre 48,400.00 ₦ 20,000.00-84,000.00
Apartment (3 bedrooms) in City Centre 392,888.89 ₦ 250,000.00-600,000.00
Apartment (3 bedrooms) Outside of Centre 200,000.00 ₦ 120,000.00-270,000.00

Buy Apartment Price Avg.

Price per Square Meter to Buy Apartment in City Centre 266,666.50 ₦ 200,000.00-333,333.00
Price per Square Meter to Buy Apartment Outside of Centre 105,555.33 ₦ 66,666.00-150,000.00

Salaries And Financing Avg.

Average Monthly Disposable Salary (Net After Tax) 82,500.00 ₦
Mortgage Interest Rate in Percentages (%), Yearly 19.00 16.00-22.00
Prices in Nigeria