Cost of Living Comparison Between Lagos and Oyo Cost of Living Comparison Between Lagos and Oyo

Monthly Cost of Living

A single person spends $1,120 per month in Lagos vs $714 in Oyo, rent included.

A couple spends around $1,893 per month in Lagos vs $1,272 in Oyo, rent included.

A family of three spends $2,666 per month in Lagos vs $1,831 in Oyo, rent included.

Lagos costs about 57% more than Oyo, driven mainly by Getting Around.

Both Lagos and Oyo are more affordable than the global median – Lagos 16% lower, Oyo 46% lower.

Meal at Budget Restaurant

$2.65 ₦3,615

$2.56 ₦3,489

3.52%

Three-Course Dinner for Two, Mid-Range

$50.1 ₦68.3K

$49.45 ₦67.5K

1.25%

Fast Food Meal (McDonalds, etc)

$5.48 ₦7,469

$5.37 ₦7,323

2.05%

Cappuccino

$2.12 ₦2,892

$2.19 ₦2,994

-3.20%

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

$0.34 ₦459

$0.36 ₦492

-5.56%

Water (0.33 liter bottle)

$0.22 ₦300

$0.20 ₦272

10.00%

Local Beer (0.5 liter draught)

$0.85 ₦1,153

Imported Beer (0.33 liter bottle)

$1.38 ₦1,882

$1.43 ₦1,955

-3.50%

Milk (1 liter)

$2.27 ₦3,090

$2.29 ₦3,119

-0.87%

White Bread (500g)

$1.24 ₦1,692

$1.24 ₦1,693

Rice (white) (1kg)

$2.25 ₦3,064

$2.23 ₦3,043

0.90%

Eggs

$1.69 ₦2,302

$1.77 ₦2,413

-4.52%

Local Cheese (1kg)

$6.22 ₦8,485

$6.41 ₦8,747

-2.96%

Chicken Fillets (1kg)

$4.30 ₦5,860

$4.33 ₦5,901

-0.69%

Beef Round Steak (1kg)

$5.30 ₦7,229

$5.49 ₦7,491

-3.46%

Apples (1kg)

$3.43 ₦4,686

$3.60 ₦4,910

-4.72%

Banana (1kg)

$2.12 ₦2,891

$2.13 ₦2,906

-0.47%

Oranges (1kg)

$2.16 ₦2,947

$2.13 ₦2,902

1.41%

Tomato (1kg)

$2.33 ₦3,179

$2.41 ₦3,281

-3.32%

Potato (1kg)

$2.36 ₦3,226

$2.31 ₦3,156

2.16%

Onion (1kg)

$1.96 ₦2,676

$1.93 ₦2,630

1.55%

Lettuce (1 head)

$1.92 ₦2,623

$1.98 ₦2,705

-3.03%

Water (1.5 liter bottle)

$0.35 ₦480

$0.38 ₦520

-7.89%

Cigarettes 20 Pack (Marlboro, Camel)

$1.31 ₦1,786

$1.32 ₦1,796

-0.76%

Wine (Bottle)

$2.54 ₦3,463

$2.54 ₦3,466

Local Beer (0.5 liter bottle)

$0.63 ₦857

$0.67 ₦915

-5.97%

Imported Beer (0.33 liter bottle)

$0.89 ₦1,214

$0.88 ₦1,195

1.14%

One-way Ticket (Public Transport)

$0.75 ₦1,019

$0.35 ₦475

114.29%

Public Transport Monthly Pass (Regular Price)

$35.90 ₦49.0K

$14.30 ₦19.5K

151.05%

Taxi Start (Normal Tariff)

$1.20 ₦1,639

$1.23 ₦1,679

-2.44%

Taxi (Normal Tariff) (1km)

$2.16 ₦2,949

$2.21 ₦3,020

-2.26%

Taxi 1hour Waiting (Normal Tariff)

$4.77 ₦6,506

$4.80 ₦6,551

-0.63%

Gasoline (1 liter)

$0.80 ₦1,086

$0.74 ₦1,005

8.11%

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

$20.7K ₦28.3M

$20.2K ₦27.6M

2.39%

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

$20.5K ₦28.0M

$20.6K ₦28.2M

-0.65%

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

$41.95 ₦57.2K

$41.71 ₦56.9K

0.58%

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

$9.98 ₦13.6K

$10.35 ₦14.1K

-3.57%

Internet (50+ Mbps, Unlimited Data)

$33.59 ₦45.8K

$34.55 ₦47.1K

-2.78%

Gym Membership (Monthly)

$30.93 ₦42.2K

$14.19 ₦19.4K

117.97%

Tennis Court (1 Hour on Weekend)

$12.54 ₦17.1K

$4.44 ₦6,053

182.43%

Cinema Ticket

$6.31 ₦8,612

$6.17 ₦8,414

2.27%

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

$82.6 ₦112.6K

$82.3 ₦112.3K

0.28%

International Primary School, 1 Child (Yearly)

$2,338 ₦3.2M

$2,290 ₦3.1M

2.09%

Jeans (Levis 501 Or Similar)

$18.86 ₦25.7K

$18.88 ₦25.8K

-0.11%

Summer Dress (H&M, Zara, etc)

$24.28 ₦33.1K

$24.89 ₦34.0K

-2.45%

Sport Shoes (Adidas, Nike)

$64.5 ₦88.0K

$48.00 ₦65.5K

34.42%

Men's Leather Business Shoes

$57.5 ₦78.4K

$34.60 ₦47.2K

66.18%

1-bedroom Apartment, City Center (Monthly)

$1,087 ₦1.5M

$414 ₦564.5K

162.67%

1-bedroom Apartment, Outside City Center (Monthly)

$622 ₦848.8K

$241 ₦329.0K

158.01%

3-bedroom Apartment, City Center (Monthly)

$2,735 ₦3.7M

$1,097 ₦1.5M

149.35%

3-bedroom Apartment, Outside City Center (Monthly)

$1,340 ₦1.8M

$639 ₦871.3K

109.76%

Buy Apartment in City Center (m2)

$3,181 ₦4.3M

$741 ₦1.0M

329.10%

Buy Apartment Outside City Center (m2)

$1,622 ₦2.2M

$186 ₦253.4K

773.27%

Average Monthly Net Salary (After Tax)

$120 ₦163.4K

$33.09 ₦45.1K

261.92%

20-Year Fixed Mortgage Interest Rate (Annual %)

16.33

63.30%

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

Last update for Lagos: July 28, 2026

Last update for Oyo: July 28, 2026

Cost Breakdown

A central one-bedroom costs $1,087 in Lagos versus $414 in Oyo. 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 262% 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 $49.00 in Oyo. Groceries tell a different story – $190 in Lagos vs $193 in Oyo – so Lagos wins on supermarket bills even if dining out costs more.

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 Oyo: Cost of Living - Frequently Asked Questions

Lagos costs about 57% more than Oyo, with the gap driven mainly by Getting Around. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,680 per month in Lagos and $1,071 in Oyo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Kindergarten costs $82.6 per month in Lagos and $82.3 in Oyo. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Interestingly, groceries are about 2% cheaper in Lagos – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,500 monthly budget goes further in Oyo, where all-in costs run around $714, than in Lagos at $1,120. In Oyo it covers expenses comfortably, while in Lagos it requires careful planning or may not stretch far enough.

Families tend to lean toward Oyo – 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 Oyo. 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.