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🏠 Cost of Living for Ikoyi

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

₦2,454,167/month
₦29,450,004/year
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 Ikoyi
₦2.48M
₦29,766,804/year
= 35.4× di minimum wage (₦70,000)
= 7.3× di national average salary (₦339,000)
🏠 Rent
₦1,666,667
67%
🍚 Food
₦300,000
12%
⚡ Power
₦200,000
8%
🚌 Transport
₦26,400
1%
💧 Water
₦112,500
5%
👩‍👧 Domestic Staff
₦160,000
6%
📱 Internet/Data
₦15,000
1%
TOTAL
₦2,480,567
100%

🆚 Compare with another area

Compare with:
Ikoyi
₦2.48M
/month
Yaba
₦916K
/month
Savings if you stay for Yaba — Annual difference: ₦18.8M
Lagos.Cool Editorial
4 June 2026 · 2 min read

Cost of Living for Ikoyi

Ikoyi dey run ₦2.5M-₦3M/month for 2-bed family. Di premium na for established infrastructure, Band A light, and proximity to old-money institution. Hidden cost: brackish water mean tanker delivery (₦90K-₦135K/month).

🔗 Related guide

🏠 Rent for Ikoyi→💧 Water for Ikoyi→🚌 Commute from Ikoyi→👩‍🍼 Domestic staff price for Ikoyi→

FAQ

Family of 4 wey live for Ikoyi for mid-tier lifestyle dey spend around ₦2,454,167/month (₦29,450,004/year).
Cost of Living for Ikoyi 2026 : ₦2,454,167/mo