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🏠 Lagos Cost of Living Calculator

See wetin e really cost to live for any Lagos area

1

Where you dey 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 for Banana Island
₦3.86M
₦46,276,800/year
= 55.1× di minimum wage (₦70,000)
= 11.4× di national average salary (₦339,000)
🏠 Rent
₦3,125,000
81%
🍚 Food
₦300,000
8%
⚡ Power
₦200,000
5%
🚌 Transport
₦26,400
1%
👩‍👧 Domestic Staff
₦190,000
5%
📱 Internet/Data
₦15,000
0%
TOTAL
₦3,856,400
100%

🆚 Compare with another area

Compare with:
Banana Island
₦3.86M
/month
Yaba
₦916K
/month
Savings if you stay for YabaAnnual difference: ₦35.3M
Lagos.Cool Editorial
2 May 2026 · 2 min read

Di ₦35M question: why where you live for Lagos matter pass wetin you earn

Lagos na city where your address determine your expense pass your salary determine your lifestyle. Our calculator show fact wey most Lagosian know but never see number: total cost of living for Banana Island (₦3.8M/month) na 4.7x higher than Alimosho (₦810K/month) — ₦35.9M annual gap. Na not just rent. Na di compounding effect of Island water cost (₦140K/month vs ₦8K), domestic staff premium (40-60% higher for Island), and invisible service charge tax.

Di most surprising finding na di transport-rent trade-off. Software engineer wey live for Yaba and commute go VI by BRT dey spend ₦3.3M/year total. Move go VI go cost ₦15M/year for rent alone — ₦11.7M more. BRT ₦400 fare and dedicated lane na, per naira, di most valuable infrastructure for Lagos.

Power na di great equalizer — and di great differentiator. Band A area (Lekki, VI, Ikoyi) get 20+ hours NEPA. Band E area (Alimosho, Ikorodu) get 4-8 hours, meaning generator run 16+ hours daily. Generator cost difference alone (₦285K/month for Band E vs ₦50K for Band A) fit pass ₦2.8M/year.

Domestic staff na di line item wey nobody dey talk about. Middle-class Island family with nanny, cleaner, gateman, and driver dey spend ₦350K-₦530K/month for staff — more than many Lagosian spend for rent. For mainland, same staff na ₦180K-₦300K. Di calculator make these hidden cost visible for di first time.