Cost of living in Nigeria is 57.17% lower than in United States(aggregate data for all cities, rent is not taken into account).



Restaurants

Meal, Inexpensive Restaurant 500.00 ₦
Meal for 2 People, Mid-range Restaurant, Three-course 8,000.00 ₦
McMeal at McDonalds (or Equivalent Combo Meal) 2,000.00 ₦
Domestic Beer (0.5 liter draught) 300.00 ₦
Imported Beer (0.33 liter bottle) 500.00 ₦
Cappuccino (regular) 788.81 ₦
Coke/Pepsi (0.33 liter bottle) 123.38 ₦
Water (0.33 liter bottle) 87.53 ₦

Markets

Milk (regular), (1 liter) 916.85 ₦
Loaf of Fresh White Bread (500g) 358.42 ₦
Rice (white), (1kg) 732.82 ₦
Rice (white), (50kg) 36,000 ₦
Eggs (regular) (12) 487.07 ₦
Local Cheese (1kg) 1,744.79 ₦
Chicken Fillets (1kg) 1,468.75 ₦
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 1,545.77 ₦
Apples (1kg) 1,164.06 ₦
Banana (1kg) 560.08 ₦
Oranges (1kg) 571.33 ₦
Tomato (1kg) 676.56 ₦
Potato (1kg) 644.26 ₦
Onion (1kg) 465.00 ₦
Lettuce (1 head) 304.76 ₦
Water (1.5 liter bottle) 165.32 ₦
Bottle of Wine (Mid-Range) 1,500.00 ₦
Domestic Beer (0.5 liter bottle) 291.93 ₦
Imported Beer (0.33 liter bottle) 501.72 ₦
Cigarettes 20 Pack (Marlboro) 350.00 ₦

Transportation

One-way Ticket (Local Transport) 200.00 ₦
Monthly Pass (Regular Price) 9,000.00 ₦
Taxi Start (Normal Tariff) 500.00 ₦
Taxi 1km (Normal Tariff) 400.00 ₦
Taxi 1hour Waiting (Normal Tariff) 1,712.50 ₦
Gasoline (1 liter) 151.56 ₦
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 6,000,000.00 ₦
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 8,878,260.87 ₦

Utilities (Monthly)

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 8,257.78 ₦
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 19.94 ₦
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 15,137.80 ₦

Sports And Leisure

Fitness Club, Monthly Fee for 1 Adult 14,826.92 ₦
Tennis Court Rent (1 Hour on Weekend) 2,596.00 ₦
Cinema, International Release, 1 Seat 2,000.00 ₦

Childcare

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 36,131.61 ₦
International Primary School, Yearly for 1 Child 668,488.37 ₦

Clothing And Shoes

1 Pair of Jeans (Levis 501 Or Similar) 6,490.20 ₦
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,880.95 ₦
1 Pair of Nike Running Shoes (Mid-Range) 20,273.81 ₦
1 Pair of Men Leather Business Shoes 23,708.33 ₦

Rent Per Month

Apartment (1 bedroom) in City Centre 279,163.97 ₦
Apartment (1 bedroom) Outside of Centre 194,824.56 ₦
Apartment (3 bedrooms) in City Centre 820,698.90 ₦
Apartment (3 bedrooms) Outside of Centre 470,862.07 ₦

Buy Apartment Price

Price per Square Meter to Buy Apartment in City Centre 308,101.92 ₦
Price per Square Meter to Buy Apartment Outside of Centre 164,166.67 ₦

Salaries And Financing

Average Monthly Net Salary (After Tax) 70,843.14 ₦

Nice one
Lalasticlala

Look at 50kg rice that was 8k before now 36k. Op you should have done food Price comparison from 2000- 2020

Cost of living in Nigeria is expensive jare

This is a nice info
Lalasticlala pls help push to Frontpage

Everything is now expensive

Cost of living? Your life

Worse

Everything don spoil


We must hault the economy by force and lets start it again


By the time we unleash hell on the government they will beg us to reason that is if they survive


Am not going back to that corrupt nigeria anymore is either restructure or they kill us

Wait until this protest and hullabaloo end. Then you will really know the cost of things.

Duh. It's about the wage level to start with.

- What's the inflation rate?

- How many Nigerians are able to save after monthly expenses are met?

- How many are even able to meet basic living expenses?!

Don't let me vex this afternoon abeg.

Food prices have skyrocketed. Rice, the most consumed cereal in Nigeria, has increased from N9K to N30+ between 2015 and 2020.

This was another reason for the anger demonstrated during the protests. Buhari must reopen our borders.

In the current Nigeria, if you can afford one "unsquared" meal a day, my brother, thank God oo.

There is hunger in the land. People are angry.

Nigeria with bad elders and leaders...

Welcome to Nigeria

Another nonsensical rubbish failed image redeeming trash by quacks in ABuja. this country is just total nonsense

Cost of living in Nigeria is relative. There is always an option

We all know that the cost of living in Nigeria is cheaper compare to some developing country. You can get a standard 2 bedroom in Lagos for €500 annual while that will only take you for a month.

If not that I have propelled myself never to be shock again, I would have been rushed from market ground to the hospital.

I bought a sachet tomato paste @ #60, I was like its owkay, then the following week I was told to bring #120 to get it. Aaaah because of the 1st paragraph I jejely gave them the money without any comment.

But deep down me I was boiling and these questions were rumbling in my brain simultaneously;
Where are we going to?
When is it going to be better?
What is happening?
How much I'm I earning?

For real

You didn't consider how much the average Nigerian earns in a month. 30k salary can't buy a bag of rice. A sachet of tomato paste is #120 and #150 in some areas.

These things may seem cheap to you, but many of the average Nigerians can't afford them

I don’t understand the point of this thread.

Is very equivalent. The hardship too much

Please someone should tell Buhari to open the borders.. let food come in.. especially rice. While he monitors the price and market..

It's so clear we aren't self sufficient yet
The farmers are scared because of security challenges...

People are dying of hunger.... Everything is expensive..

Somebody please tell Buhari
I know he's very far from reality

Things are very cost now in this country today, bag of foreign rice, beans, garri, semovita are costing #29000, #35000, #23000, #4000 each. This government is roasting people in fire especially poors and needs and favouring some riches.

The problem is the economy. Many Nigerians are low income earners who cannot afford their basic needs.

If government creates favourable laws and policies which improve the economy, the citizens will establish organizations and industries that will employ the low income earners and increase the standard of living.

By this, the government doesn't necessarily need to create direct jobs.