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

Monthly Cost of Living

A single person spends $942 per month in Lagos vs $275 in Akure, rent included.

A couple spends around $1,840 per month in Lagos vs $441 in Akure, rent included.

A family of three spends $2,739 per month in Lagos vs $607 in Akure, rent included.

Lagos costs about 242% more than Akure, driven mainly by Groceries & Markets.

Both Lagos and Akure are more affordable than the global median – Lagos 32% lower, Akure 80% lower.

Meal at Budget Restaurant

$3.71 ₦4,919

$1.10 ₦1,458

237.27%

Three-Course Dinner for Two, Mid-Range

$50.0 ₦66.3K

$8.73 ₦11.6K

473.08%

Fast Food Meal (McDonalds, etc)

$7.52 ₦9,969

$7.53 ₦9,979

-0.13%

Cappuccino

$2.86 ₦3,792

$2.82 ₦3,731

1.42%

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

$0.44 ₦585

$0.21 ₦277

109.52%

Water (0.33 liter bottle)

$0.23 ₦303

$0.14 ₦188

64.29%

Local Beer (0.5 liter draught)

$1.02 ₦1,349

$1.02 ₦1,350

Imported Beer (0.33 liter bottle)

$2.06 ₦2,725

$1.95 ₦2,585

5.64%

Milk (1 liter)

$3.10 ₦4,102

$1.47 ₦1,942

110.88%

White Bread (500g)

$1.46 ₦1,929

$0.59 ₦778

147.46%

Rice (white) (1kg)

$1.27 ₦1,677

$1.18 ₦1,567

7.63%

Eggs

$2.27 ₦3,009

$0.77 ₦1,017

194.81%

Local Cheese (1kg)

$3.46 ₦4,583

$3.45 ₦4,577

0.29%

Chicken Fillets (1kg)

$3.84 ₦5,091

$3.99 ₦5,284

-3.76%

Beef Round Steak (1kg)

$4.37 ₦5,792

$2.30 ₦3,044

90.00%

Apples (1kg)

$1.66 ₦2,198

$1.46 ₦1,937

13.70%

Banana (1kg)

$1.31 ₦1,735

$0.73 ₦964

79.45%

Oranges (1kg)

$1.10 ₦1,456

$0.64 ₦844

71.88%

Tomato (1kg)

$1.29 ₦1,707

$0.93 ₦1,239

38.71%

Potato (1kg)

$1.38 ₦1,833

$0.83 ₦1,104

66.27%

Onion (1kg)

$1.38 ₦1,827

$0.93 ₦1,230

48.39%

Lettuce (1 head)

$0.85 ₦1,124

$0.83 ₦1,102

2.41%

Water (1.5 liter bottle)

$0.39 ₦521

$0.37 ₦487

5.41%

Cigarettes 20 Pack (Marlboro, Camel)

$0.56 ₦736

$0.54 ₦713

3.70%

Wine (Bottle)

$2.61 ₦3,455

$2.19 ₦2,902

19.18%

Local Beer (0.5 liter bottle)

$0.54 ₦722

$0.50 ₦665

8.00%

Imported Beer (0.33 liter bottle)

$0.47 ₦618

$0.49 ₦652

-4.08%

One-way Ticket (Public Transport)

$0.41 ₦537

Public Transport Monthly Pass (Regular Price)

$19.88 ₦26.4K

Taxi Start (Normal Tariff)

$0.65 ₦861

$0.70 ₦928

-7.14%

Taxi (Normal Tariff) (1km)

$0.96 ₦1,276

$0.97 ₦1,290

-1.03%

Taxi 1hour Waiting (Normal Tariff)

$2.24 ₦2,963

$2.21 ₦2,935

1.36%

Gasoline (1 liter)

$0.83 ₦1,097

$0.17 ₦221

388.24%

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

$11.2K ₦14.8M

$11.3K ₦15.0M

-1.09%

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

$13.5K ₦17.9M

$13.4K ₦17.8M

0.54%

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

$113 ₦150.2K

$11.00 ₦14.6K

930.27%

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

$16.22 ₦21.5K

$5.14 ₦6,807

215.56%

Internet (50+ Mbps, Unlimited Data)

$32.40 ₦42.9K

$9.19 ₦12.2K

252.56%

Gym Membership (Monthly)

$27.70 ₦36.7K

Tennis Court (1 Hour on Weekend)

$6.95 ₦9,206

Cinema Ticket

$4.84 ₦6,413

$4.83 ₦6,397

0.21%

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

$680 ₦901.4K

$653 ₦865.8K

4.11%

International Primary School, 1 Child (Yearly)

$19.7K ₦26.2M

$19.6K ₦26.0M

0.68%

Jeans (Levis 501 Or Similar)

$14.96 ₦19.8K

$14.44 ₦19.1K

3.60%

Summer Dress (H&M, Zara, etc)

$18.14 ₦24.0K

$18.10 ₦24.0K

0.22%

Sport Shoes (Adidas, Nike)

$36.42 ₦48.3K

$36.85 ₦48.8K

-1.17%

Men's Leather Business Shoes

$48.47 ₦64.2K

$49.04 ₦65.0K

-1.16%

1-bedroom Apartment, City Center (Monthly)

$725 ₦960.5K

1-bedroom Apartment, Outside City Center (Monthly)

$420 ₦556.1K

3-bedroom Apartment, City Center (Monthly)

$2,792 ₦3.7M

3-bedroom Apartment, Outside City Center (Monthly)

$1,494 ₦2.0M

Buy Apartment in City Center (m2)

$3,197 ₦4.2M

Buy Apartment Outside City Center (m2)

$1,623 ₦2.2M

Average Monthly Net Salary (After Tax)

$118 ₦156.0K

$36.86 ₦48.9K

219.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

18.05

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

Last update for Lagos: September 6, 2026

Last update for Akure: September 7, 2026

Cost Breakdown

Salaries run about 219% 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 $50.0 in Lagos versus $9.00 in Akure. Monthly groceries follow the same trend: $153 vs $104 – 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: $942 in Lagos, $275 in Akure – roughly 242% apart. Lagos costs more across the board, with Groceries & Markets showing the biggest gap.

For a comfortable life, plan on about $1,412 per month in Lagos and $413 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 $50.0 in Lagos and $9.00 in Akure. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 47% 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 $275, than in Lagos at $942. 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.