Cost of Living Comparison Between Lagos and Akure Cost of Living Comparison Between Lagos and Akure

Monthly Cost of Living

A single person spends $1,160 per month in Lagos vs $652 in Akure, rent included.

A couple spends around $1,898 per month in Lagos vs $1,050 in Akure, rent included.

A family of three spends $2,636 per month in Lagos vs $1,448 in Akure, rent included.

Lagos costs about 78% more than Akure, driven mainly by Getting Around.

Both Lagos and Akure are more affordable than the global median – Lagos 13% lower, Akure 51% lower.

Meal at Budget Restaurant

$2.60 ₦3,583

$1.48 ₦2,043

75.68%

Three-Course Dinner for Two, Mid-Range

$50.6 ₦69.6K

$17.37 ₦23.9K

191.19%

Fast Food Meal (McDonalds, etc)

$5.18 ₦7,133

$5.20 ₦7,164

-0.38%

Cappuccino

$2.10 ₦2,892

$2.21 ₦3,037

-4.98%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$0.34 ₦463

$0.36 ₦498

-5.56%

Water (0.33 liter bottle)

$0.20 ₦275

Local Beer (0.5 liter draught)

$0.83 ₦1,148

$0.85 ₦1,169

-2.35%

Imported Beer (0.33 liter bottle)

$1.38 ₦1,902

$1.38 ₦1,901

Milk (1 liter)

$2.24 ₦3,089

$2.13 ₦2,939

5.16%

White Bread (500g)

$1.21 ₦1,660

$0.98 ₦1,353

23.47%

Rice (white) (1kg)

$2.34 ₦3,227

$2.23 ₦3,075

4.93%

Eggs

$1.78 ₦2,453

$1.74 ₦2,400

2.30%

Local Cheese (1kg)

$6.31 ₦8,682

$6.31 ₦8,694

Chicken Fillets (1kg)

$4.20 ₦5,790

$4.17 ₦5,736

0.72%

Beef Round Steak (1kg)

$5.29 ₦7,291

$5.43 ₦7,475

-2.58%

Apples (1kg)

$3.56 ₦4,901

$3.47 ₦4,772

2.59%

Banana (1kg)

$2.04 ₦2,814

$2.09 ₦2,876

-2.39%

Oranges (1kg)

$2.10 ₦2,888

$2.03 ₦2,790

3.45%

Tomato (1kg)

$2.30 ₦3,164

$1.69 ₦2,332

36.09%

Potato (1kg)

$2.37 ₦3,263

$1.43 ₦1,971

65.73%

Onion (1kg)

$1.94 ₦2,665

$1.81 ₦2,492

7.18%

Lettuce (1 head)

$1.93 ₦2,660

$1.92 ₦2,648

0.52%

Water (1.5 liter bottle)

$0.38 ₦527

Cigarettes 20 Pack (Marlboro, Camel)

$1.31 ₦1,810

$1.25 ₦1,725

4.80%

Wine (Bottle)

$3.13 ₦4,306

$2.16 ₦2,979

44.91%

Local Beer (0.5 liter bottle)

$0.67 ₦925

$0.64 ₦875

4.69%

Imported Beer (0.33 liter bottle)

$0.93 ₦1,285

$0.90 ₦1,239

3.33%

One-way Ticket (Public Transport)

$0.75 ₦1,029

$0.25 ₦343

200.00%

Public Transport Monthly Pass (Regular Price)

$35.73 ₦49.2K

Taxi Start (Normal Tariff)

$1.20 ₦1,648

$1.20 ₦1,651

Taxi (Normal Tariff) (1km)

$2.22 ₦3,060

$2.19 ₦3,015

1.37%

Taxi 1hour Waiting (Normal Tariff)

$4.80 ₦6,607

$4.76 ₦6,548

0.84%

Gasoline (1 liter)

$0.74 ₦1,023

$0.45 ₦618

64.44%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$20.7K ₦28.6M

$20.0K ₦27.5M

3.71%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$20.2K ₦27.8M

$20.7K ₦28.4M

-2.36%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$40.87 ₦56.3K

$21.18 ₦29.2K

92.97%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$10.35 ₦14.2K

$10.01 ₦13.8K

3.40%

Internet (50+ Mbps, Unlimited Data)

$33.87 ₦46.6K

$17.47 ₦24.1K

93.88%

Gym Membership (Monthly)

$31.73 ₦43.7K

Tennis Court (1 Hour on Weekend)

$12.53 ₦17.2K

Cinema Ticket

$6.15 ₦8,468

$6.16 ₦8,479

-0.16%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$82.7 ₦113.8K

$65.8 ₦90.6K

25.71%

International Primary School, 1 Child (Yearly)

$2,286 ₦3.1M

$2,274 ₦3.1M

0.53%

Jeans (Levis 501 Or Similar)

$19.23 ₦26.5K

$19.15 ₦26.4K

0.42%

Summer Dress (H&M, Zara, etc)

$25.13 ₦34.6K

$24.40 ₦33.6K

2.99%

Sport Shoes (Adidas, Nike)

$63.5 ₦87.4K

$64.9 ₦89.3K

-2.20%

Men's Leather Business Shoes

$57.2 ₦78.7K

$57.0 ₦78.5K

0.23%

1-bedroom Apartment, City Center (Monthly)

$1,068 ₦1.5M

$402 ₦553.8K

165.45%

1-bedroom Apartment, Outside City Center (Monthly)

$624 ₦859.5K

$258 ₦355.4K

141.86%

3-bedroom Apartment, City Center (Monthly)

$2,673 ₦3.7M

$647 ₦890.3K

313.37%

3-bedroom Apartment, Outside City Center (Monthly)

$1,373 ₦1.9M

$528 ₦726.8K

160.09%

Buy Apartment in City Center (m2)

$3,324 ₦4.6M

Buy Apartment Outside City Center (m2)

$1,809 ₦2.5M

Average Monthly Net Salary (After Tax)

$130 ₦178.6K

$36.40 ₦50.1K

256.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

16.33

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Lagos: April 26, 2026

Last update for Akure: April 26, 2026

Cost Breakdown

A central one-bedroom costs $1,068 in Lagos versus $402 in Akure. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 256% higher in Lagos, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $51.0 in Lagos versus $17.00 in Akure. Monthly groceries follow the same trend: $192 vs $179 – making Akure the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Lagos vs Akure: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,160 in Lagos, $652 in Akure – roughly 78% apart. Lagos costs more across the board, with Getting Around showing the biggest gap.

For a comfortable life, plan on about $1,740 per month in Lagos and $978 in Akure. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Akure, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $51.0 in Lagos and $17.00 in Akure. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 7% more in Lagos, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Akure, where all-in costs run around $652, than in Lagos at $1,160. In Akure it covers expenses comfortably, while in Lagos it requires careful planning or may not stretch far enough.

Families tend to lean toward Akure – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Akure. If higher salaries, better infrastructure, or specific career opportunities are the priority, Lagos makes more sense. Both are solid long-term options with distinct trade-offs.