Cost of Living in Nigeria in 2023-2024 (forecast)

Restaurants in Nigeria

Meal, Inexpensive Restaurant 0.07$ 1.64$ – 4.87$
Meal for 2 People, Mid-range Restaurant, Three-course 22.78$ 13.89$ – 65.46$
McMeal at McDonalds (or Equivalent Combo Meal) 5.87$ 5.22$ – 7.45$
Domestic Beer (0.5 liter draught) 2.64$ 1.39$ – 4.29$
Imported Beer (0.33 liter bottle) 1.9$ 1.64$ – 4.29$
Cappuccino (regular) 3.9$ 3.39$ – 5.22$
Coke/Pepsi (0.33 liter bottle) 1.24$ 1.19$ – 1.39$
Water (0.33 liter bottle) 1.84$ 2.13$ – 3.26$

Markets in Nigeria

Milk (regular), (1 liter) 5.08$ 2.03$ – 4.87$
Loaf of Fresh White Bread (500g) 1$ 2.64$ – 2.29$
Rice (white), (1kg) 0.57$ 3.64$ – 4.22$
Eggs (regular) (12) 3.34$ 3.93$ – 5.32$
Local Cheese (1kg) 5.03$ 3.03$ – 8.73$
Chicken Fillets (1kg) 1.3$ 2.55$ – 8.16$
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 1.76$ 2.68$ – 8.11$
Apples (1kg) 1.42$ 2.29$ – 6.87$
Banana (1kg) 2.55$ 1.9$ – 6.87$
Oranges (1kg) 0.15$ 2.26$ – 4.22$
Tomato (1kg) 3.47$ 1.58$ – 4.58$
Potato (1kg) 0.51$ 3.39$ – 5.22$
Onion (1kg) 1.03$ 1.32$ – 2.55$
Lettuce (1 head) 3.79$ 1.19$ – 4.45$
Water (1.5 liter bottle) 2.68$ 1.19$ – 3.52$
Bottle of Wine (Mid-Range) 2.87$ 4.93$ – 8.73$
Domestic Beer (0.5 liter bottle) 0.38$ 3.39$ – 2.92$
Imported Beer (0.33 liter bottle) 3.83$ 2.58$ – 4.29$
Cigarettes 20 Pack (Marlboro) 0$ 2.64$ – 3.29$

Transportation in Nigeria

One-way Ticket (Local Transport) 3.39$ 1.26$ – 3.64$
Monthly Pass (Regular Price) 18.43$ 12.67$ – 28.78$
Taxi Start (Normal Tariff) 1.74$ 1.54$ – 4.29$
Taxi 1km (Normal Tariff) 1.71$ 3.84$ – 4.58$
Taxi 1hour Waiting (Normal Tariff) 0.58$ 4.93$ – 7.51$
Gasoline (1 liter) 2.24$ 1.21$ – 2.39$
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 7733.87$ 6447.73$ – 12893.46$
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19340.19$ 10316.17$ – 25783.91$

Utilities (Monthly) in Nigeria

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 18.97$ 12.96$ – 41.67$
Mobile Phone Monthly Plan with Calls and 10GB+ Data 5.45$ 7.45$ – 9.73$
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 30.65$ 22.34$ – 41.67$

Sports And Leisure in Nigeria

Fitness Club, Monthly Fee for 1 Adult 25.42$ 11.02$ – 39.67$
Tennis Court Rent (1 Hour on Weekend) 8.93$ 4.22$ – 11.02$
Cinema, International Release, 1 Seat 2.51$ 4.58$ – 9.45$

Childcare in Nigeria

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 63.1$ 34.23$ – 131.91$
International Primary School, Yearly for 1 Child 1540.18$ 387.74$ – 6448.73$

Clothing And Shoes in Nigeria

1 Pair of Jeans (Levis 501 Or Similar) 12.03$ 7.45$ – 20.34$
1 Summer Dress in a Chain Store (Zara, H&M, …) 15.82$ 9.45$ – 40.67$
1 Pair of Nike Running Shoes (Mid-Range) 38.52$ 20.34$ – 67.46$
1 Pair of Men Leather Business Shoes 37.38$ 22.34$ – 65.46$

Rent Per Month in Nigeria

Apartment (1 bedroom) in City Centre 562.91$ 194.37$ – 1161.23$
Apartment (1 bedroom) Outside of Centre 364.32$ 105.13$ – 710.03$
Apartment (3 bedrooms) in City Centre 1192.44$ 389.74$ – 3224.86$
Apartment (3 bedrooms) Outside of Centre 804.25$ 196.37$ – 1935.72$

Buy Apartment Price in Nigeria

Price per Square Meter to Buy Apartment in City Centre 625$ 259.83$ – 1209.87$
Price per Square Meter to Buy Apartment Outside of Centre 256.85$ 66.46$ – 646.57$

Salaries And Financing in Nigeria

Average Monthly Net Salary (After Tax) 124.5$ 3$ – 1$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.06$ 13$ – 23$

These data are based on 2303 entries in the past 29 months from 475 different contributors.

Last update: August 2023

Our data for each country is based on all entries from all cities in that country.

Cost Of Living in Nigeria in 2023

The cost of living in Nigeria has been on the rise in recent years. Housing costs in major cities like Abuja are quite high, with the average monthly rent for a one-bedroom apartment being around 194$ – 1161$. Food prices have also increased, with a standard basket of groceries for a family of four now costing about 400$ per month. Transportation can take a bite out of the average household’s budget too, with bus and metro tickets costing 12$ – 28$ per ride on average. However, some costs are more affordable in Nigeria, like healthcare which is heavily subsidized. The monthly energy bill for an average sized house comes out to only 12$ – 41$. While salaries have increased moderately, the overall cost of living in Nigeria still remains relatively high compared to other places. People moving here should factor the rising cost of living into their budgets.

Abuja Weather

Abuja Map

Cost Of Living Rates & Safety Index in Nigeria