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Cost of Living in Nigeria | Expat Exchange
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Lagos, Nigeria

Cost of Living in Nigeria

By Joshua Wood, LPC

Last updated on Jan 02, 2024

Summary: The cost of living in Nigeria is generally considered to be relatively low compared to other countries. A nice 1 bedroom apartment in Nigeria can cost anywhere from $500 to $1,000 per month, while a nice 2 bedroom apartment can cost from $800 to $1,500 per month. The cost of dinner at a moderately priced restaurant in Nigeria is usually around $10 to $15 per person.

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Is the cost of living in Nigeria high?

We asked people how much they someone comfortably live on in Nigeria, they wrote:

"The cost of living in Nigeria varies depending on the city and lifestyle. Generally, basic necessities such as food, transportation, and housing are relatively inexpensive. However, the cost of luxury items such as electronics, imported goods, and entertainment can be quite high. Additionally, the cost of utilities such as electricity and water can be quite expensive," explained one expat.

Will I save money living in Nigeria?

"Living in Nigeria can be significantly cheaper than living in the United States. The cost of living in Nigeria is generally lower than in the United States, with the cost of basic necessities such as food, housing, and transportation being much lower. Additionally, the cost of entertainment and leisure activities is also much lower in Nigeria than in the United States. As a result, living in Nigeria can be a much more affordable option than living in the United States," remarked one in Nigeria.

What is the average cost of housing in Nigeria?

If you are thinking about moving to Nigeria, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Nigeria varies greatly depending on the location and type of housing. Generally, housing in Nigeria is relatively affordable compared to other countries, with prices ranging from low-cost rental apartments to luxury villas. The average cost of housing in Nigeria is typically lower than in other countries, making it an attractive option for those looking for a place to live," said one person in Nigeria.

What are typical rental prices for expats in Nigeria?

"The rental price for a nice 1 bedroom apartment in Nigeria can vary depending on the location, but generally ranges from $500 to $1,000 per month. The rental price for a nice 2 bedroom apartment in Nigeria can also vary depending on the location, but generally ranges from $800 to $1,500 per month," said one expat.

What appliances are typically included in a rental?

We asked foreigners in Nigeria what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Nigeria, rental properties typically include a refrigerator, stove, oven, washing machine, and air conditioning unit. Other common appliances may include a microwave, dishwasher, and water heater. Furniture may also be included in the rental, such as beds, couches, tables, and chairs," wrote an expat living in Nigeria.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Lagos, Nigeria

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