Magodo Phase 2 affordable?

Magodo Phase 2 cost around 278% of average Lagos professional take-home pay. Significantly above the average professional's budget.

How Magodo Phase 2 take compare with Egbe?

Magodo Phase 2 cost ₦942,500/month vs Egbe for ₦677,333/month — difference na ₦265,167/month.

🏠 Cost of Living for Magodo Phase 2

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

₦942,500/month

₦11,310,000/year

Where you dey live?

Your household

Household size

Lifestyle tier

Your commute

Work location

Commute mode

Domestic staff (optional)(optional)

Your monthly cost of living for Magodo Phase 2

₦968,900₦969K

₦11,626,800/year

= 13.8× di minimum wage (₦70,000)

= 2.9× di national average salary (₦339,000)

🏠 Rent

₦312,500

₦3.8M

32%

🍚 Food

₦300,000

₦3.6M

31%

⚡ Power

₦200,000

₦2.4M

21%

🚌 Transport

₦26,400

₦316.8K

💧 Water

₦17,500

₦210.0K

👩‍👧 Domestic Staff

₦97,500

₦1.2M

10%

📱 Internet/Data

₦15,000

₦180.0K

TOTAL

₦968,900

₦11.6M

100%

🆚 Compare with another area

Compare with:

Magodo Phase 2

₦968,900₦969K

/month

Yaba

₦915,933₦916K

/month

Savings if you stay for Yaba — Annual difference: ₦635.6K

Lagos.Cool Editorial

4 June 2026 · 2 min read