Decent is a bloody relative word duhhh

I suppose the right word is basic meaning a combination of accommodation, transport and feeding.

The average cost of living in a relatively cheap neighbourhood should be used in deriving the benchmark figure instead of figures being thrown around like it's going outta fashion

Yomieluv:
Nothing to say..

Today is my fiance's birthday,my one and only sweetheart,my hearth-rob,eleyinjuege mi..the only sugar in my tea,the only cockroach in my cupboard,the wire that holds my life..my oxygen,my inamorata,my ......

I need at least 5000 likes for her sake to make my day..

na d likes go answer d question?

kobe79:


you meant 1melon abi??

you done hold 50k cash for hand before,,

Not everyone on Nairaland is still in school

4stylz:


There is alot she does with her hands if u know wat I mean, and moreover if we are seeing movies and outing out; I will pay now

.
Good luck!!! With that seeing a movie part...pray telemundos don't rip her brain into shreds

4stylz:


Dream on

It is good to dream when it's accompanied by hard work and the grace of God

Decent is relative. what is decent to you might be indecent to me. some people can live a decent life on an income of 50k a month in lag (maintaining a car and two rooms) while others can be struggling to live a decent life even with 200k a month

Eneze1:


Not everyone on Nairaland is still in school

guilty conscience hahahaha

Decency ? It shud b nothn less dan 250k

Reserved comment.

gokay11:
Anything above 50k

...my first smile on Nairaland!

CR77:
18.900 minimum wage

Can u settle down with a man who received Nysc alawee as monthly salary

sukkot:
good question. if you want to live in lekki you need about 5 million naira a year

And out of the N5m you will now use N2m for rent?
My father told me never to spend more than 10% of my income on rent

kunzo:
Lagos life is not about what you earn, but how you spend what you earn.

Comment of the Year!..Such Raw. Intellect. Uve said it all Sir.

normal that.
but always do mouth one side pix most ladies do .

Aminat508:
Lowest Maybe 100k

sukkot:
good question. if you want to live in lekki you need about 5 million naira a year

To live in Lekki or subsist? N5m for Lekki go finish in a month. And no one should gimme that "if you know what you are doing and are not extravagant". Lekki lifestyle is all about extravagance, make-believe, sh

what do you define as "decent"

MKO4ever:

And out of the N5m you will now use N2m for rent?
My father told me never to spend more than 10% of my income on rent

you can get a studio aprtment in lekki for 1 million a year

airsaylongcon:


To live in Lekki or subsist? N5m for Lekki go finish in a month. And no one should gimme that "if you know what you are doing and are not extravagant". Lekki lifestyle is all about extravagance, make-believe, sh

so the gatemen and drivers wey dey lekki, how dem dey survive na ? cut your coat according to your size comes to mind

MKO4ever:

And out of the N5m you will now use N2m for rent?
My father told me never to spend more than 10% of my income on rent

According to finance expert rent should not be more than 30% of your income though your 10% is way better

MKO4ever:

And out of the N5m you will now use N2m for rent?
My father told me never to spend more than 10% of my income on rent

You got a wise dad...

Living decently to me is if one month salary can pay your annual rent. Worst case scenario would be 2 months. Anything more will mean "dragging it" . That's just my take.

AdamsBashforth:

...my first smile on Nairaland!

lol

jackpot:
650k

How many companies in lagos, banks inclusive (apart from oil companies) can pay you up to 650k a month?

Lagos is over-rated. I have a friend who left lagos some years back and moved to ogun (illogbo to be precise) he owns a petty shop. You won't believe that he has completed a 3 bedroom bunglaw as I speak to you.

Come to the east, you'll marvel at the houses built by teachers, traders, farmers...etc. Despite the fact that their monthly income is peanuts compared to what people who own such structures in lagos earn.

How many lagosians who earn up to 250k can boast of a 750corner piece of land? None if you ask me, cos the standard of living in that city is so high.

I will always tell people, you'll make it easier when you put your efforts in less densely populated states and cities. Lagos is a place where you can work for 15-20 years and despite the fair income you receive, you'll still have nothing to show for your years of labour.

Reasons are

1. Food: farming is very rare in lagos so they practically import every form of consumable agricultural produce from abroad and other states. These produce include yam, onion, meat, eggs, rice, garri...to mention but a few. When they bring them to lagos, their prices doubles, and you as a resident of the state have no option but to buy it at the hiked rate unless you want to die of starvation.

2. Transportation: I remember when I came to lagos last year for a cousins wedding. I boarded a bus from CMS to Ajah and I was asked to pay N250, the equivalent of the distance of that journey in the east and the price you'll be asked to pay will be more cheaper compared to what I paid that day.

3. Accommodation: its no longer news that to get a comfortable 2-3bedroom flat in lagos will require you budgeting 500-800k. The big question is how much is your monthly income? So many opt for face-me-I-face-you accommodation which is much cheaper.

This is just but a few of the challenges lagosians go through. So the issue isn't about your monthly income, cos even those that earn up to 400k aren't finding it easy in Lagos. May God see them through.

N200, 000.

bigass:
single 400K
married with no children 650K(combined)
Married with 2 children 800K(combined)

na wao...dear such jobs that pay that much is quite rare to come by..i think a salary of 200k without much olingo life for a single guy is owk..it all boils down to spending pattern and lifestyle

200k net pay if you are a bachelor. Willing to live in an average area on the mainland, buy a car and marry within three years of employment

I don't just know the hype industries have given Lagos, Is Lagos and Ibadan the only south Western region business can grow?
What has happened to Ondo, Osun, OYO and the likes
I know of someone who has spent over 15 years in Lagos with no house of his own, make person live for one room till Landlord say kiloshele, u dey use style collect house from me abi?

Kachisbarbie:
People saying 150k are not being realistic. Decent is relative, there are houses in Ikotun that pay 3k a mth, in Ijegun_ we might even get something cheaper, though it might not be decent to me, but decent to another.
Aside some banks, oil coys, telecom, few private firms and big schools...how many jobs in Lagos pay that much?

You can survive in Lagos, with even 50k. It just depends on how you prioritise. I don't even get the hype about that city, yes_ it's heavily industrialised ,that's just about it. No sanity, noisemakers everywhere, air and water pollution, traffic... etc.

If I am transferred to Lag. I will honourably resign...I can't die before my time.

Take style talk say you're silently praying to be transfered to Lag.

kkoncept:
So I saw this this morning and it got me thinking, what is your definition of a decent life in Lagos? What is the lowest income you can take if you are paying your rent and feeding yourself and also have plans.

Based on your question, one can conclude you are asking about a single person, not a person with a family.

You will need to calculate it based on the cost of essential and modern everyday needs.

House rent, bills, connectivity, transportation, socialising, clothing, grocery, hand-outs and savings.


For House rent, most people would want to live in a decent middle-class area. So forget most of the places on this list:

https://www.nairaland.com/2526066/hierarchy-top-10-areas-live

So to live decently, you will be looking at areas like Iwaya, Shomolu, Festac, Ajah etc for a 1-2 bedroom flat to rent so as to get easy access to where the jobs are.

That should set you back around N60K per month

For Bills, one will assume you have no generator, so you will just be paying Nepa bills and maybe thrash-collection bills, also you will be buying gas for cooking. You are not staying in any expensive estate, so no service charges. Lets assume the only health challenges you have is the rare case of headache and malaria once in a while.

Lets say, this should set you back about N5K per month.

For Connectivity, a mobile and internet access is essential to most lives nowadays. Maybe you have to have at least 3K for calls and another N2K for MB.

Lets say, this should set you back about N5K per month.

For Transportation, I don't have a jack arsse clue how much danfo bus rides cost in Lagos nowadays. Let me just assume a short journey is N50. So you have to get to work and also get around to buy stuff or visit friends and family. I will be assuming 3 to 4 buses to get to work for 21 days a month and add another 20% for other journeys. Nothing like going to London or Dubai for holiday for someone at a decent life o.

Lets say, this should set you back about N5.25K per month.

For Socialising, the time you meet up with your friends to have beer and peppersoup or when you decide to take that secretary you see on the way to work with big yansh (like Happiness87) out so you can have a chance to hit it. Since you said decent life, forget those LASU and Unilag hot girls because they cost yafun yafun to maintain.

Budget about N20K per month for this. You no dey pop champagne.

For Clothing, you need to by clothes and shoes for work and events. Avoid Aso Ebis. Waste of money.

Lets say, this should set you back about N8K per month.

For Groceries, you go chop now? You go dey cook for house and also taking some food to work.

Lets say, this should set you back about N10K per month.

For Hand-outs, this is Naija. You must to have someone coming to meet you to "assist him/her" if you have a job. You also have to give something-something to parents, grand-parents and other family.

Lets say, this should set you back about N10K per month.

Then if you want to plan for the future and other contingencies while still living a decent life, you need to save about 20% of your take home pay just in case.

So your spend should be 80% of your take home pay.

So far, we have calculated you should be spending about N105K per month. So you need to be saving about N26K a month.

So if you are a single person living a decent life in Lagos, you would be living in a middle-class area, socialising moderately, have no car or generator and have savings for your future & the unexpected. That person would need about N130K per month| N1.56m per annum take-home pay (i.e. after all taxes and deductions).

From my understanding of Nigerian taxation, that means you should have a job paying at least N2m a year to get that take-home pay.

That should tell you not many people live a decent life in Naija.

Reading comments. Am so bored . help!

strange comments here