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🏠 Cost of Living for Victoria Island

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

₦2,040,000/month
₦24,480,000/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 Victoria Island
₦2.07M
₦24,796,800/year
= 29.5× di minimum wage (₦70,000)
= 6.1× di national average salary (₦339,000)
🏠 Rent
₦1,250,000
60%
🍚 Food
₦300,000
15%
⚡ Power
₦200,000
10%
🚌 Transport
₦26,400
1%
💧 Water
₦115,000
6%
👩‍👧 Domestic Staff
₦160,000
8%
📱 Internet/Data
₦15,000
1%
TOTAL
₦2,066,400
100%

🆚 Compare with another area

Compare with:
Victoria Island
₦2.07M
/month
Yaba
₦916K
/month
Savings if you stay for Yaba — Annual difference: ₦13.8M
Lagos.Cool Editorial
4 June 2026 · 2 min read

Cost of Living for Victoria Island

Victoria Island cost (₦2.2M-₦2.8M/month) na CBD premium — you dey pay to waka go work for finance, oil & gas, or consulting. Domestic staff add ₦300K-₦450K. Water inside service charge run ₦80K-₦150K/month equivalent.

🔗 Related guide

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

FAQ

Family of 4 wey live for Victoria Island for mid-tier lifestyle dey spend around ₦2,040,000/month (₦24,480,000/year).
Cost of Living for Victoria Island 2026 : ₦2,040,000/mo