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🏠 Cost of Living in Ikorodu

Total monthly cost for a family of 4 (mid-tier lifestyle)

₦699,000/month
₦8,388,000/year
1

Where do you live?

2

Your household

Household size
Lifestyle tier
3

Your commute

Work location
Commute mode
4

Domestic staff (optional)(optional)

Your monthly cost of living in Ikorodu
₦725K
₦8,704,800/year
= 10.4× the minimum wage (₦70,000)
= 2.1× the national average salary (₦339,000)
🏠 Rent
₦87,500
12%
🍚 Food
₦300,000
41%
⚡ Power
₦200,000
28%
🚌 Transport
₦26,400
4%
💧 Water
₦11,500
2%
👩‍👧 Domestic Staff
₦85,000
12%
📱 Internet/Data
₦15,000
2%
TOTAL
₦725,400
100%

🆚 Compare with another neighborhood

Compare with:
Ikorodu
₦725K
/month
Yaba
₦916K
/month
Cost difference moving to Ikorodu — Annual difference: ₦2.3M
Lagos.Cool Editorial
4 June 2026 · 2 min read

Cost of Living in Ikorodu

Ikorodu (₦750K-₦820K/month) is the BRT-saved budget option. ₦600-₦800 BRT to CMS makes a 30km commute viable; ₦8K-₦15K/month water (best in Lagos); Band E power is the catch — generator runs 16+ hours daily.

🔗 Related guides

🏠 Rent in Ikorodu→💧 Water in Ikorodu→🚌 Commuting from Ikorodu→👩‍🍼 Domestic staff prices in Ikorodu→

FAQ

A family of 4 living in Ikorodu at a mid-tier lifestyle spends approximately ₦699,000/month (₦8,388,000/year), broken down into rent, food, power, transport, water, and (optional) staff.
Cost of Living in Ikorodu 2026 : ₦699,000/month