Last update: Oct 2026

Cost of Living Comparison Between Lagos and Akure

For one person, living is cheaper in Akure: $276 a month against $952 in Lagos, rent and utilities included – about $8,100 less a year. Rent and utilities account for most of the difference.

46

Cost of Living Index in Lagos
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Lagos Living Index
13

Cost of Living Index in Akure
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Akure Living Index

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Lagos

🇳🇬 Nigeria

$952

/mo nomad

Akure

🇳🇬 Nigeria

$276

/mo nomad

Monthly Cost of Living

How much you'll spend in Lagos and in Akure

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Lagos and in Akure actually costs, broken down by who's living it.

A single person spends $952 per month in Lagos vs $276 in Akure, rent included.

Lagos $952
Akure $276

A couple spends around $1,852 per month in Lagos vs $444 in Akure, rent included.

Lagos $1,852
Akure $444

A family of three spends $2,753 per month in Lagos vs $613 in Akure, rent included.

Lagos $2,753
Akure $613

Lagos costs about 245% more than Akure, and outside of rent the biggest gap is in groceries.

Both Lagos and Akure are more affordable than the global median – Lagos 30% lower, Akure 80% lower.

Meal at Budget Restaurant

$3.62 ₦4,851

$1.15 ₦1,542

214.78%

Three-Course Dinner for Two, Mid-Range

$50.7 ₦67.9K

$8.68 ₦11.6K

483.76%

Fast Food Meal (McDonalds, etc)

$7.67 ₦10.3K

$7.51 ₦10.1K

2.13%

Cappuccino

$2.82 ₦3,778

$2.75 ₦3,683

2.55%

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

$0.43 ₦578

$0.21 ₦281

104.76%

Water (0.33 liter bottle)

$0.24 ₦324

$0.14 ₦191

71.43%

Local Beer (0.5 liter draught)

$0.97 ₦1,305

$1.01 ₦1,357

-3.96%

Imported Beer (0.33 liter bottle)

$1.95 ₦2,619

$2.04 ₦2,734

-4.41%

Milk (1 liter)

$3.20 ₦4,293

$1.46 ₦1,962

119.18%

White Bread (500g)

$1.49 ₦1,997

$0.61 ₦821

144.26%

Rice (white) (1kg)

$1.26 ₦1,692

$1.21 ₦1,622

4.13%

Eggs

$2.27 ₦3,044

$0.74 ₦997

206.76%

Local Cheese (1kg)

$3.42 ₦4,587

$3.56 ₦4,770

-3.93%

Chicken Fillets (1kg)

$3.77 ₦5,050

$3.77 ₦5,059

Beef Round Steak (1kg)

$4.36 ₦5,843

$2.33 ₦3,127

87.12%

Apples (1kg)

$1.63 ₦2,187

$1.46 ₦1,956

11.64%

Banana (1kg)

$1.33 ₦1,779

$0.72 ₦969

84.72%

Oranges (1kg)

$1.13 ₦1,514

$0.66 ₦880

71.21%

Tomato (1kg)

$1.49 ₦1,999

$0.87 ₦1,165

71.26%

Potato (1kg)

$1.61 ₦2,158

$0.83 ₦1,116

93.98%

Onion (1kg)

$1.52 ₦2,037

$1.00 ₦1,334

52.00%

Lettuce (1 head)

$0.89 ₦1,190

$0.82 ₦1,100

8.54%

Water (1.5 liter bottle)

$0.40 ₦531

$0.37 ₦495

8.11%

Cigarettes 20 Pack (Marlboro, Camel)

$0.55 ₦735

$0.53 ₦714

3.77%

Wine (Bottle)

$2.37 ₦3,179

$2.21 ₦2,965

7.24%

Local Beer (0.5 liter bottle)

$0.54 ₦719

$0.50 ₦676

8.00%

Imported Beer (0.33 liter bottle)

$0.50 ₦666

$0.46 ₦623

8.70%

One-way Ticket (Public Transport)

$0.38 ₦512

Public Transport Monthly Pass (Regular Price)

$21.99 ₦29.5K

Taxi Start (Normal Tariff)

$0.70 ₦934

$0.70 ₦937

Taxi (Normal Tariff) (1km)

$0.97 ₦1,296

$0.96 ₦1,283

1.04%

Taxi 1hour Waiting (Normal Tariff)

$2.10 ₦2,821

$2.22 ₦2,979

-5.41%

Gasoline (1 liter)

$0.85 ₦1,137

$0.17 ₦222

400.00%

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

$11.3K ₦15.2M

$11.0K ₦14.8M

2.59%

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

$29.0K ₦38.9M

$29.1K ₦39.0M

-0.30%

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

$112 ₦149.6K

$11.23 ₦15.0K

894.12%

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

$14.92 ₦20.0K

$5.12 ₦6,860

191.41%

Internet (50+ Mbps, Unlimited Data)

$32.44 ₦43.5K

$9.03 ₦12.1K

259.25%

Gym Membership (Monthly)

$27.80 ₦37.3K

Tennis Court (1 Hour on Weekend)

$6.91 ₦9,263

Cinema Ticket

$6.23 ₦8,350

$6.35 ₦8,511

-1.89%

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

$654 ₦876.4K

$675 ₦904.1K

-3.05%

International Primary School, 1 Child (Yearly)

$20.1K ₦26.9M

$20.0K ₦26.8M

0.40%

Jeans (Levis 501 Or Similar)

$14.83 ₦19.9K

$14.78 ₦19.8K

0.34%

Summer Dress (H&M, Zara, etc)

$17.94 ₦24.0K

$18.04 ₦24.2K

-0.55%

Sport Shoes (Adidas, Nike)

$36.62 ₦49.1K

$36.10 ₦48.4K

1.44%

Men's Leather Business Shoes

$47.49 ₦63.6K

$49.03 ₦65.7K

-3.14%

1-bedroom Apartment, City Center (Monthly)

$704 ₦943.8K

1-bedroom Apartment, Outside City Center (Monthly)

$417 ₦559.5K

3-bedroom Apartment, City Center (Monthly)

$2,809 ₦3.8M

3-bedroom Apartment, Outside City Center (Monthly)

$1,498 ₦2.0M

Buy Apartment in City Center (m2)

$3,242 ₦4.3M

Buy Apartment Outside City Center (m2)

$1,607 ₦2.2M

Average Monthly Net Salary (After Tax)

$118 ₦157.9K

$36.71 ₦49.2K

220.98%

20-Year Fixed Mortgage Interest Rate (Annual %)

18.39

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

Last update for Lagos: October 26, 2026

Last update for Akure: October 26, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Lagos

$417 43.9%

Akure

- * 0% 100%

Monthly Utilities & Internet

Lagos

$159 16.7%

Akure

$25 9.2% 84% $134

Groceries & Markets

Lagos

$156 16.4%

Akure

$104 37.7% 33.4% $52

Eating Out

Lagos

$97 10.2%

Akure

$75 27.3% 22.6% $22

Clothing & Footwear

Lagos

$53 5.5%

Akure

$53 19.3% 0.9% $0.5

Sport & Entertainment

Lagos

$40 4.2%

Akure

$13 * 4.6% 68.5% $28

Getting Around

Lagos

$29 3.1%

Akure

$5.5 * 2% 81.1% $24

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Salaries in Lagos are about 3.2 times higher, 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 in Lagos versus $9 in Akure. Monthly groceries follow the same trend: $156 vs $104 – making Akure the more affordable choice for daily food spending.

Good to know

🇳🇬 Lagos

🇳🇬 Akure

🕒 Local time

22:34 10:34 PM

Same time as Lagos

🌤 Weather

👥 Population

10,404,112

387,087

💱 Currency

Nigerian Naira NGN ₦

📈 Exchange rate

10,000 NGN = 7.46 USD

10,000 NGN = 6.7 EUR

10,000 NGN = 7.46 USD

10,000 NGN = 6.7 EUR

Exchange rates and currency converter

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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: $952 in Lagos, $276 in Akure – Akure comes out roughly 71% cheaper. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $1,427 per month in Lagos and $414 in Akure. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $51 in Lagos and $9 in Akure. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 50% more in Lagos, though the gap depends on what you buy.

$1,200 covers both cities comfortably – all-in costs are $952 in Lagos and $276 in Akure, leaving budget for savings and extras in both cases.

It depends on your priorities. Lagos has an edge in some lifestyle areas, with costs from $276 in Akure to $952 in Lagos. Climate, culture, job market, and personal taste all factor in.

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