Lagos is the second most cheapest city to live in the word, and the cheapest city to live in Africa, according to the Economist Intelligence Unit’s annual Cost of Living ranking, which was released on Thursday.

The report examines the world’s most and least expensive cities by comparing factors such as wages and the prices of more than 150 items – including bread, wine, cigarettes and unleaded petrol.

The cost of living in each city is ranked in comparison with New York City, where New York receives an index score of 100 and one extra point equates to a 1 per cent increase in living costs. This is called the WCOL (World Cost of Living) Index.

The cost of living in Africa’s largest city (Lagos) is not as expensive as it was last year, according to the report. This year, Nigeria’s biggest city, Lagos, fell 16 places to 132nd place meaning the city is second most cheapest city to live in the world and the cheapest city to live in Africa followed by Algiers in Algeria.

“The relative cost of living in Lagos has more than halved since 2008, which might signal renewed interest from foreign investors, with price levels so low by international standards.” The Economist Intelligence Unit’s.

Coincidentally, the report also concluded that cheaper cities tend also to be less liveable. Which technically means Lagos is the most unlivable city in Africa.

See full list of cheapest cities in the image below.
The ten cheapest cities in the world

Lalasticlala

http://listwand.com/2018/03/lagos-ranked-second-cheapest-city-to-live-in-the-world/

I totally agree!
Lagos state is the best place for affordability.

cheapest ke........nonsense list

Lol..
Which word we go come use qualify IBADAN

GoggleB:
Lol..
Which word we go come use qualify IBADAN

Abeg help me ask them oo they feel they can judge us all the way from their side

Mariangeles:
I totally agree!
Lagos state is the best place for affordability.

The guys below you don't concur..

hajoke2000:
cheapest ke........nonsense list

lol

tstx:
The guys below you don't concur..

Then they should file a report to The Economist Intelligence Unit...

Mariangeles:
Then they should file a report to The Economist Intelligence Unit...

my thoughts exactly...

One thing is unique about lagos as a city ..


At one extreme end of the spectrum you can find an expensive lifestyle, dominated by the rich and the wealthy, on the other extreme of the spectrum you will find abject poverty in its real practical definition dominated by those with real low low income or no income at all...two square meal a day is a major headache ...

And at the middle ..you find the not too rich and not too poor individuals ..one trying to get to the rich and wealthy Class while the other running away from the poverty stricken life.

Lagos is a clear sample of the Nigerian economy. .and that is why it is qualified to be used as a measuring index ..

Eko oni baje ooo

chriskosherbal:
One thing is unique about lagos as a city ..


At one extreme end of the spectrum you can find an expensive lifestyle, dominated by the rich and the wealthy, on the other extreme of the spectrum you will find abject poverty in its real practical definition dominated by those with real low low income or no income at all...two square meal a day is a major headache ...

And at the middle ..you find the not too rich and not too poor individuals ..one trying to get to the rich and wealthy Class while the other running away from the poverty stricken life.

Lagos is a clear sample of the Nigerian economy. .and that is why it is qualified to be used as a measuring index ..

Eko oni baje ooo

nicely said

mynd44