Last update: Nov 2026

Cost of Living Comparison Between Lagos and Oyo

For one person, living is cheaper in Oyo: $623 a month against $964 in Lagos, rent and utilities included – about $4,100 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
30

Cost of Living Index in Oyo
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Oyo Living Index

Jump to prices

Lagos

🇳🇬 Nigeria

$964

/mo nomad

Oyo

🇳🇬 Nigeria

$623

/mo nomad

Monthly Cost of Living

How much you'll spend in Lagos and in Oyo

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 Oyo actually costs, broken down by who's living it.

A single person spends $964 per month in Lagos vs $623 in Oyo, rent included.

Lagos $964
Oyo $623

A couple spends around $1,871 per month in Lagos vs $1,151 in Oyo, rent included.

Lagos $1,871
Oyo $1,151

A family of three spends $2,777 per month in Lagos vs $1,679 in Oyo, rent included.

Lagos $2,777
Oyo $1,679

Lagos costs about 55% more than Oyo, and outside of rent the biggest gap is in clothing.

Both Lagos and Oyo are more affordable than the global median – Lagos 29% lower, Oyo 54% lower.

Meal at Budget Restaurant

$3.78 ₦5,080

$3.84 ₦5,164

-1.56%

Three-Course Dinner for Two, Mid-Range

$50.0 ₦67.3K

$49.17 ₦66.1K

1.77%

Fast Food Meal (McDonalds, etc)

$7.39 ₦9,936

$7.42 ₦9,978

-0.40%

Cappuccino

$2.87 ₦3,854

$2.78 ₦3,736

3.24%

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

$0.44 ₦592

$0.43 ₦581

2.33%

Water (0.33 liter bottle)

$0.22 ₦295

$0.10 ₦137

120.00%

Local Beer (0.5 liter draught)

$1.03 ₦1,382

$0.38 ₦516

171.05%

Imported Beer (0.33 liter bottle)

$2.02 ₦2,719

$0.50 ₦674

304.00%

Milk (1 liter)

$3.14 ₦4,226

$3.11 ₦4,186

0.96%

White Bread (500g)

$1.43 ₦1,919

$0.50 ₦675

186.00%

Rice (white) (1kg)

$1.20 ₦1,614

$0.93 ₦1,251

29.03%

Eggs

$2.24 ₦3,010

$2.24 ₦3,008

Local Cheese (1kg)

$3.45 ₦4,646

$3.60 ₦4,847

-4.17%

Chicken Fillets (1kg)

$3.92 ₦5,265

$3.81 ₦5,125

2.89%

Beef Round Steak (1kg)

$4.35 ₦5,847

$4.37 ₦5,882

-0.46%

Apples (1kg)

$1.68 ₦2,261

$1.67 ₦2,252

0.60%

Banana (1kg)

$1.26 ₦1,688

$1.31 ₦1,768

-3.82%

Oranges (1kg)

$1.10 ₦1,477

$1.13 ₦1,525

-2.65%

Tomato (1kg)

$1.26 ₦1,688

$1.49 ₦2,005

-15.44%

Potato (1kg)

$1.46 ₦1,970

$1.54 ₦2,065

-5.19%

Onion (1kg)

$1.92 ₦2,580

$1.50 ₦2,018

28.00%

Lettuce (1 head)

$0.90 ₦1,212

$0.85 ₦1,139

5.88%

Water (1.5 liter bottle)

$0.40 ₦532

$0.31 ₦423

29.03%

Cigarettes 20 Pack (Marlboro, Camel)

$0.58 ₦779

$0.55 ₦736

5.45%

Wine (Bottle)

$2.64 ₦3,554

$2.45 ₦3,295

7.76%

Local Beer (0.5 liter bottle)

$0.54 ₦732

$0.38 ₦512

42.11%

Imported Beer (0.33 liter bottle)

$0.49 ₦662

$0.46 ₦623

6.52%

One-way Ticket (Public Transport)

$0.78 ₦1,048

$0.38 ₦512

105.26%

Public Transport Monthly Pass (Regular Price)

$21.97 ₦29.6K

$14.76 ₦19.8K

48.85%

Taxi Start (Normal Tariff)

$0.70 ₦938

$0.70 ₦944

Taxi (Normal Tariff) (1km)

$0.95 ₦1,275

$0.96 ₦1,291

-1.04%

Taxi 1hour Waiting (Normal Tariff)

$2.21 ₦2,968

$2.10 ₦2,822

5.24%

Gasoline (1 liter)

$0.92 ₦1,241

$0.85 ₦1,149

8.24%

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

$11.4K ₦15.3M

$11.3K ₦15.2M

0.49%

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

$30.8K ₦41.5M

$28.3K ₦38.0M

9.04%

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

$113 ₦152.1K

$14.83 ₦19.9K

662.85%

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

$14.67 ₦19.7K

$14.55 ₦19.6K

0.82%

Internet (50+ Mbps, Unlimited Data)

$35.64 ₦47.9K

$33.28 ₦44.8K

7.09%

Gym Membership (Monthly)

$28.38 ₦38.2K

$15.13 ₦20.4K

87.57%

Tennis Court (1 Hour on Weekend)

$6.90 ₦9,277

$4.72 ₦6,344

46.19%

Cinema Ticket

$6.35 ₦8,536

$6.01 ₦8,088

5.66%

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

$661 ₦889.3K

$661 ₦889.1K

0.03%

International Primary School, 1 Child (Yearly)

$18.6K ₦25.0M

$19.8K ₦26.6M

-6.08%

Jeans (Levis 501 Or Similar)

$14.47 ₦19.5K

$6.11 ₦8,217

136.82%

Summer Dress (H&M, Zara, etc)

$18.12 ₦24.4K

$17.73 ₦23.8K

2.20%

Sport Shoes (Adidas, Nike)

$36.71 ₦49.4K

$15.21 ₦20.5K

141.35%

Men's Leather Business Shoes

$47.80 ₦64.3K

$10.64 ₦14.3K

349.25%

1-bedroom Apartment, City Center (Monthly)

$702 ₦943.9K

$438 ₦588.3K

60.43%

1-bedroom Apartment, Outside City Center (Monthly)

$423 ₦568.8K

$255 ₦342.4K

66.11%

3-bedroom Apartment, City Center (Monthly)

$2,801 ₦3.8M

$1,110 ₦1.5M

152.28%

3-bedroom Apartment, Outside City Center (Monthly)

$1,515 ₦2.0M

$676 ₦908.5K

124.29%

Buy Apartment in City Center (m2)

$3,241 ₦4.4M

$750 ₦1.0M

331.97%

Buy Apartment Outside City Center (m2)

$1,652 ₦2.2M

$186 ₦250.3K

787.55%

Average Monthly Net Salary (After Tax)

$120 ₦161.0K

$33.91 ₦45.6K

252.96%

20-Year Fixed Mortgage Interest Rate (Annual %)

18.39

83.90%

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

Last update for Lagos: November 1, 2026

Last update for Oyo: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Lagos

$423 43.9%

Oyo

$255 40.9% 39.8% $168

Monthly Utilities & Internet

Lagos

$163 17%

Oyo

$63 10.1% 61.7% $101

Groceries & Markets

Lagos

$155 16%

Oyo

$143 22.9% 7.8% $12

Eating Out

Lagos

$99 10.2%

Oyo

$91 14.7% 7.3% $7.2

Clothing & Footwear

Lagos

$53 5.5%

Oyo

$22 3.6% 57.6% $30

Sport & Entertainment

Lagos

$41 4.3%

Oyo

$27 4.4% 33.9% $14

Getting Around

Lagos

$31 3.2%

Oyo

$22 3.5% 28.7% $8.8

Cost Breakdown

A central one-bedroom costs $702 in Lagos versus $438 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 in Lagos are about 3.5 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $50 in Lagos versus $49 in Oyo. Monthly groceries follow the same trend: $155 vs $143 – making Oyo the more affordable choice for daily food spending.

Good to know

🇳🇬 Lagos

🇳🇬 Oyo

🕒 Local time

00:16 12:16 AM

Same time as Lagos

🌤 Weather

👥 Population

10,404,112

736,100

💱 Currency

Nigerian Naira NGN ₦

📈 Exchange rate

10,000 NGN = 7.44 USD

10,000 NGN = 6.62 EUR

10,000 NGN = 7.44 USD

10,000 NGN = 6.62 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 Oyo: Cost of Living - Frequently Asked Questions

Lagos costs about 55% more than Oyo, and outside of rent the gap comes mainly from clothing. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,446 per month in Lagos and $934 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: a one-bedroom in the center costs $438 there versus $702 in Lagos.

Public transport costs about 33% less in Oyo. For daily commuters, that gap adds up to noticeable savings over a year.

Groceries cost about 8% more in Lagos, though the gap depends on what you buy.

It depends on your priorities. Lagos has an edge in some lifestyle areas, with costs from $623 in Oyo to $964 in Lagos. Climate, culture, job market, and personal taste all factor in.

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