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Lagos, Nigeria

Cost of living · 2024 · Africa · Rent +6.4% vs 2023

1-Bed Rent NGN 550,000 per month
3-Bed Rent NGN 1,100,000 per month
Groceries NGN 130,000 per month
Transport Pass NGN 22,000 per month
Utilities NGN 55,000 per month
Restaurant Meal NGN 4,000 per person

Rent trend in Lagos (2022–2026)

Cost breakdown in Lagos (2024)

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Estimated monthly budget in Lagos

Based on 2024 data. Includes rent, groceries, transport, utilities and occasional dining out.

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Single person
NGN 789,000
🏠 Rent NGN 550,000
🛒 Groceries NGN 130,000
🚌 Transport NGN 22,000
💡 Utilities NGN 55,000
🍽️ Dining out NGN 32,000
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Family (3–4 people)
NGN 1,588,500
🏠 Rent 3-bed NGN 1,100,000
🛒 Groceries NGN 325,000
🚌 Transport ×2 NGN 44,000
💡 Utilities NGN 71,500
🍽️ Dining out NGN 48,000

Cost comparison — cities in Nigeria (2024)

City 1-Bed Rent Groceries Transport Utilities vs Lagos
Lagos NGN 550,000 NGN 130,000 NGN 22,000 NGN 55,000
Abuja NGN 480,000 NGN 120,000 NGN 19,000 NGN 48,000 -12.7%

Other Africa cities (2024)

Frequently asked questions

What is the cost of living in Lagos in 2024?

In 2024, a single person living in Lagos needs approximately NGN 789,000/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around NGN 1,588,500/month. Lagos is considered a relatively expensive city by global standards.

How much is rent in Lagos in 2024?

A 1-bedroom apartment in Lagos costs approximately NGN 550,000/month in 2024. A 3-bedroom apartment runs around NGN 1,100,000/month. Rent has changed +6.4% vs 2023.

How much do groceries cost in Lagos?

Monthly grocery costs for one person in Lagos are approximately NGN 130,000 in 2024. This covers basic supermarket shopping including food and household essentials.

What does public transport cost in Lagos?

A monthly public transport pass in Lagos costs NGN 22,000 in 2024, covering unlimited bus, metro and tram travel within the city.

How much are utilities in Lagos?

Monthly utility costs in Lagos average NGN 55,000 in 2024, covering electricity, heating/cooling, water and internet for a standard apartment.

Is Lagos expensive to live in?

Lagos is located in Nigeria (Africa). With a 1-bed rent of NGN 550,000/month and total single-person expenses around NGN 789,000/month, it is relatively expensive by global standards.

How much does eating out cost in Lagos?

A typical restaurant meal for one person in Lagos costs approximately NGN 4,000 in 2024. Budget around NGN 32,000/month if dining out a few times a week.

How have living costs in Lagos changed over time?

LifeIndexed tracks cost of living data for Lagos from 2022 to 2026. 1-bed rent has increased by 77.5% over this period (from NGN 484,000 in 2022 to NGN 858,880 in 2026). Use the year tabs above to compare costs across years.

What is the monthly budget needed to live comfortably in Lagos?

To live comfortably in Lagos in 2024, a single person needs approximately NGN 789,000/month. This covers rent (NGN 550,000), groceries (NGN 130,000), transport (NGN 22,000), utilities (NGN 55,000) and dining out occasionally. A family of 3–4 should budget around NGN 1,588,500/month.

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