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Nairaland Forum / Nairaland / General / Please Guys! How Much Rent Is Too Much For Someone Earning 100k A Month In Lagos (244 Views)
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Please Guys! How Much Rent Is Too Much For Someone Earning 100k A Month In Lagos by jondabeloved: 3:02pm On Apr 13, 2021 |
Hello nairaland. Please I need advice. I want to get an apartment after my NYSC but I want a comfortable place to stay. I don't want to stay in a face me I face you apartment (one room apartment) where I have to fetch water , share kitchen and toilets etc or have issues with electricity because a neighbor is owing....like that. At the Same time I am young I need to save and invest so I need to know how much is too much for rent in Lagos because houses in Lagos are so expensive. Some Experts are saying rent and house related expenses should not be more than 30% of your gross which is about N30k for someone earning 100k per month but they are not Nigerians so I don't just want to follow them What advice will you guys give me |
Re: Please Guys! How Much Rent Is Too Much For Someone Earning 100k A Month In Lagos by BluDesk: 3:05pm On Apr 13, 2021 |
Go for mini flat for peace of mind critical to life building. 300/400k will fix this Your annual house rent must never exceed 30/35% your annual earnings. Always stick with this principle. Never sacrifice a peaceful environment for a cheap environment.. It's effect can swallow up your three years Remuneration |
Re: Please Guys! How Much Rent Is Too Much For Someone Earning 100k A Month In Lagos by olaboy33(m): 3:53pm On Apr 13, 2021 |
Rent of 200k annual is okay. You save 20k monthly for rent and have bonus 2 months. |
Re: Please Guys! How Much Rent Is Too Much For Someone Earning 100k A Month In Lagos by jondabeloved: 4:58pm On Apr 13, 2021 |
Thanks you BluDesk: |
Re: Please Guys! How Much Rent Is Too Much For Someone Earning 100k A Month In Lagos by jondabeloved: 4:59pm On Apr 13, 2021 |
The issue is a self con in Lagos is about 250k to 300k olaboy33: |
Re: Please Guys! How Much Rent Is Too Much For Someone Earning 100k A Month In Lagos by olaboy33(m): 5:11pm On Apr 13, 2021 |
jondabeloved: Depends on location. Room and parlour Self Con in places like Ikotun is around 200k. |
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