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Cost of Living and Inflation in Lagos: What do you need to know?

47 local experts
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Here's what 47 local experts had to say about prices and the cost of living in Lagos.

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Moving to Lagos can be fantastically mesmerizing but crazy too. But I love ❤️ Lagos, Nigeria a lot. Cost of living now is alarming and residential accommodation cost is quite crazy but you will love Lagos. Beware of your possessions and beware of overly friendly people too.

Teresa, says: 2023

Lagos, Nigeria is a thriving city with many opportunities and if you intend to relocate here, you must do proper research before moving. The cost of living here is high but the nightlife is good. The city has a lot of fun activities and hosts a lot of professional workshops and events.

Oluchi, says: 2023

Lagos is a beautiful place filled with awesome and amazing people. The cost of living is not high; 3 bedroom flat you can get for 200k-300k. Lagos is a place where you can start up a business 👩‍💼, it’s a place of great opportunities and filled with hardworking youth, parents and families. Lagos has a huge population of people but it’s a cool place to base. With the help of God we are surviving.

Favour, says: 2023

If you are planning to move to Lagos, you have to understand that while it is a beautiful place to live in, it is also crowded. The night life is as bustling as the day life. It is in fact, a city that never sleeps.

Lagos is a place for all. There are high end places like Victoria Island, Lekki, Ajah and Ikeja. Considerably affordable places like Ogba, Magodo, Surulere and Yaba are also places one would love to settle down.

The cheapest places to live in include Agege, Ojo, Igando, Iyana-Iba,Iyana-Ipaja,Ipaja and Abule-Egba. Bear in mind that these places have the highest population and therefore the crime rate in these areas are very high. Tourists in these areas should be careful and on the look out for people who are likely to feign friendship in order to dupe them.

In Lagos, no matter the time, you can never go hungry as the street food is top notch. Do not leave Lagos without trying the street barbecued beef called Suya.

Esther, says: 2023

Lagos is crowded and a very busy place to live in. Cost of living is high: rent, food, transportation. On the good side it is a very lively place to live in.

Angela, says: 2023

If you’re moving to Lagos, you need to keep your eyes sharp and your wits around you, always. If possible, you should also borrow small madness from somebody so that you’ll be fully prepared, or you can let Lagos do it’s magic and teach you madness instead. Be prepared for a higher cost of living, hectic life style and very lively and loud (or mad whichever one you prefer) people but also all kinds of entertainment and fun available, even things you wouldn’t think existed in Nigeria. Lagos is the city that never sleeps, and if you’re a night crawler you’ll love it here. There’s lots of opportunities for day time dwellers as well. Lagos is also the city of choice, provided you have sizable pockets. If you have money you’ll most likely enjoy it here. If you don’t well, what better place to make your fortune?

The cost of living in Lagos is high. If your office location isn’t near to your residence, then traffic will be a huge concern as residents in Lagos can spend approximately 5 hours in traffic gridlock. It is also necessary to ensure that your abode is thoroughly checked before moving in as flooding is a major concern; furniture could get submerged in water after a heavy downpour if your residential location isn’t high enough. Every other thing makes Lagos one of the best places to live.

Christianah, says: 2020

When moving to my city, you should consider the climate and cost of transportation which will be very essential as the rate of fuel fluctuates. You will need to consider the fact that my city is over crowded which causes struggles or hardship in finding a good job and at the same time not been molested by senior employees.

Martina, says: 2020

It is known as a city that never sleeps. This is due to the hustling and bustling in the city. The cost of living is high but there are high tendencies of business blooming and more job opportunities. You have to be wise and smart. There are a number of homeless person who are struggling to survive and hence will do anything to make a living.

Edoghogho, says: 2020

Lagos is a cosmopolitan state and the commercial nerve centre for economic activities in Nigeria.It has population of more than 20 million people. Lagos is made up of both the mainland and Island areas.The cost of living is cheaper in the mainland compared to the island..Anyone can survive in Lagos as long as you are hardworking and diligent.

You must be at alert. No one is your friend. The cost of living in my city is expensive. You must be an early bird in order not to be delayed by traffic. You must have patience when dealing with people in my city. The food items purchase in stores my be checked carefully, to avoid buying expired food items.

Adetoro, says: 2020

Lagos is a busy city filled. One has to plan one’s daily journey before setting out. This is because one could be caught up in a traffic jam and miss important events. Another major challenge associated with living in Lagos is the expensive cost of living. Therefore, one needs to get a good job.

Mukhtar, says: 2020

Lagos, Nigeria, is a beautiful place surrounded by water. It is the centre of commercial activities in Nigeria, bustling with entertainment and affluence. It is one of the states in Nigeria with the highest standard of income; it is divided into two main parts: the island and the mainland. The Island, which is the part of Lagos very close to the beaches, comprises the big companies and is a home for the richest people of Lagos, while the mainland has mostly average to low-income earners. Lagos is a place of fun and entertainment with great nightlife. There is never really a dull moment living in Lagos.

A lot of people migrate from other parts of Nigeria to Lagos because it is one of the most developed cities in Nigeria. Due to this reason, traffic jams occur daily and the cost of living is really high. Lagos is full of opportunities for people of different walks of life to make a living.

Austin, says: 2020

Lagos is a very busy city but it has lots of places to relax after your day’s job. To be able to survive in Lagos, you must have a strong spirit because there are lots of things that will discourage you from living in Lagos. Housing and feeding expenses are very high in Lagos.

Lagos is one of the largest business hub in West Africa. It’s a place of endless opportunities, affordable and serves as home to many individuals from different parts of the world. Security is an added advantage for her residents. Lagos has many road network for easier access to smaller towns within the city.

Lagos is a city of over 20 million inhabitants. Anyone moving to Lagos must be aware of the chaotic traffic and the shortage of affordable housing. The weather are not so challenging as the climate remains warm year-round. The rainy season may pose a challenge due to the perennial flooding associated with the undeveloped parts of Lagos.

Someone moving to Lagos should have a good knowledge of the following. Firstly, it will not be advisable to move about late at night. Also, you should have a good grasp on the major bus-stops in the city as this would help for easy movement. Notwithstanding, you can always get access to cheap food at the local markets and supermarkets.

Anthony, says: 2020

Lagos is a beautiful city, and being a former capital of Nigeria, it is one of the business hub of my country. My city is well known for its high population, hence prices of goods and services are relatively on the high side, including accommodation. Lagos harbors one of Nigeria’s major sea and land ports including a major International airport. Living in Lagos is interesting and could be stressful occasionally owing to the rowdiness and several other factors.

The basic things to watch out for are traffic congestion and high cost of accommodation. Also, there are great recreational centres to have fun with special ones. There’s also availability of jobs which affords you the opportunity of choosing which is best suit for you. One thing also worthy of note is the hospitality of its people dwelling there.

Lagos is quite noisy, motorbikes are one of the fastest means of transportation due to the hectic traffic on major roads of the city, the cost of getting an apartment is quiet on the high side too but once you can afford it or have a better job it shouldn’t be a problem, the electricity supply may not be regular so there should be an option of getting a generator.

Abdulfatai, says: 2020

It is a busy and crowded city. Lagos is overly populated but it is a land of opportunities. It has many recreational centers. Lagos is home to all people who is why it is no man’s land. The cost of living is on the high side. The biggest seaport is in Lagos.

Okpoto, says: 2020

The first thing know is that Lagos is very noisy and traffic is terrible. Accommodation is quite expensive. You should get used to the beautiful and colorful parties held every weekend called “Owambe. “

Abiola, says: 2020

Lagos is a densely populated city, anyone moving to the city of Lagos should know the cost of transportation. Housing is also a major factor to be considered, as a number of young professionals have had quite an experience securing suitable accommodation close enough to their workplace which will in turn allow for productivity.

Anyone moving to Lagos Nigeria, should bear the following in mind:
– The cost of living in certain parts of Lagos is quite high.
– The healthcare system is functional but it costs a pretty penny to get quick service.
– Commuting in Lagos is affordable and there are tricycles to get you practically anywhere.
– Traffic can be nerve racking.
– If you want to get to your destination in good time, leave early.

Any one moving to Lagos has to consider the high cost of living and the very busy road life the city Lagos has to offer. On the positive side, there are lots of opportunities and chances to succeed but in all I think Lagos is a great place.

Benita, says: 2020

If moving to Lagos, Nigeria, know its average living cost. Securing accommodation is quite expensive, ranging from 100,000 Naira to 250,000 Naira annually. Nevertheless, finding a job is easy because Lagos is one of largest economic states in Nigeria.

Osariemen, says: 2020

Lagos is a city full of life, with a population of over nine million people. You’re sure to meet one of every kind. The weather is never too hot or cold, but traffic can hold you down at the same spot for hours, even on sundays!. If you rent a house in Lagos it better be on a good road.

Alexander, says: 2020

You must move ahead of time to be able to beat traffic. There is also high crime rate in the City, one therefore has to be extra alert. Keep maps on your phone handy always, as the Street naming and coding are, to say the least, irregular. If you’re buying anything, haggle as prices are hardly fixed.

Darlington, says: 2020

It is a densely populated city with a high cost of living. It is also known for its high crime rate and social vices. However, it is a city that provides its young minds with a wide range of career options to pick from. As regards the weather, Lagos has moderate rainfall and sunshine.

Oluwatomisin, says: 2020

If you have decided to move to the city of Lagos. Be aware that the road can be very bad and busy, making the daily trip from the workplace to the home uncomfortable. The cost of living in Lagos is expensive and the environment can be noisy. However, Lagos has good, high classed restaurants and shopping malls. Many tourists from all over the world visit Lagos for its beautiful venues.

Ibebuogu, says: 2020

Jobs are hard to find and get hired. Some schools are not high standard. Bad roads and unstable electricity. Some officers lack integrity. Market prices are very high and some people have the tendency to steal. There are a lot of cultists but just stay safe and you’ll be fine.

Daniel, says: 2020

If you want to relocate to Lagos, know the following :
– Lagos is a very busy place, more like a marketplace even and you can get to buy things at a very cheap price.
– You’re going to deal with lots of traffic.
– More so it is a very fun place to stay in.

Samuel, says: 2020

Lagos is a beautiful city with hospitable people, beautiful landscape, good hotels for every budget, loves to have fun and has many night spots for night crawlers. Due to the population of my city, the city experiences a lot of vehicular traffic which could be frustrating. My city is known for its peace.

Sylvester, says: 2020

Maximum vehicular movement resulting in heavy traffic jam mostly during office closing hours, air pollution as a result of fumes from industries and vehicles, heavily congested with human, high cost of living, average robbery rate, presence of jobs and availability of market for your business/produce and mostly importantly, a high rate of fraudulent activities.

Chinecherem, says: 2020

Ejigbo is one of the outstanding cities in Lagos State. My city is a non-congested place so there is low air pollution, low traffic congestion, constant electricity supply, constant water supply and lastly the tax and bills over here are quite affordable.

Wilson, says: 2020

Living in Lagos requires a “go-getter” attitude and resilience. This is because Lagos is a metropolitan city and is busy, most people would say it’s a “dog eat dog” world and only the strongest survive. The cost of living is high compared to other states in Nigeria. The high point of living in Lagos, Nigeria, is this: Lagos is a land of opportunities.

Abimbola, says: 2020

Lagos is an expensive place. Accommodation is more expensive in Lagos than in other states; other items such as food, public transport fares, and gas are more expensive here, too. Thus, anyone looking to move here should already be earning a modest monthly income — say, 200,000 at least.

Chinecherem, says: 2020

It is expensive, living in my city. It will also be an interesting experience living here, as there is a great variety of people. you must be careful; you cannot trust everyone. Social life is really great here too; nightlife is rich, with clubs, bars and several events, all happening at the same time every night. You’ll love it, moving here!

Tomilola, says: 2020

Traffic is too much here because most of our road is rough in some areas but unlike Victoria Garden city, lekki and ajah that the road is good, house is too cost because of highly demand in it, a lot of people live in my city and most of them is doing business.

Lagos is the fastest developing metropolitan city in Nigeria. It is densely populated with a whopping figure of about 25 million inhabitants over only 450 square kilometers of area. traffic is hectic, especially during the peak periods, usually in the mornings and evenings. The cost of residential or hotel accommodation is slightly higher than in other cities in Nigeria.

Lagos, Nigeria, is the commercial nerve centre of Nigeria. It has many commercial node points and a being a good tourist haven. it used to be the former Federal capital. it is densely populated with a lot of People in different sphere of life. There are many Tourists attractions and major places of commercial interests. Lagos houses different income classes.

Ugosam, says: 2020

Someone who plans to move to my city, must have at least 500,000 naira to settle down. Because house rent is very expensive and standard of living in my city is very high. Someone moving to my city must have at least Degree to get a job else he or she must have enough money to start business of his or her own to survive in my City.

Melissa, says: 2020

Lagos is a chaotic city with attendant traffic jam. There are highbrow residential area and you can also find slumps, Your income determines where you will reside. Due to high rents some residence choose to live in the outskirts of the time. The social malaise evident everywhere and it stares you in the face everywhere you go.

Ifeoma, says: 2020

Epileptic power supply in my city is terrible. Traffic is also a major concern in my city as you can stay for hours on the road before arriving at your destination. Cost of housing via rent is pretty much expensive. There’s really a high level of noise pollution in the environment especially in the slums part of the city.

Daniel, says: 2020

Moving to Lagos is a life changing decision, as it is one of the busiest city in the world. An individual moving to Lagos from a pretty much quiet place will have to consider that the city is characterized with noise. Lagos is a city of commerce and jobs are readily available, transportation within the city is very cheap and there are a lot of fun activities to choose from.

Gracious, says: 2020

Moving to Lagos state can be very hectic. Issues ranging from heavy traffic to a high cost of living are the ordeals of the day. It is best to have a friend or family member help out when searching for an apartment to avoid fraudulent agents. When picking an apartment, make sure the previous occupant cleared up all utility bills.

Chikadibia, says: 2020
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