Cost Of Living For a Couple in Nigeria 2025
Average Monthly Expenditure
Currency: NGN
Average monthly spending for couples in Nigeria
How much money does a couple need in a month to survive in Nigeria?
Couples in Nigeria spend around 400,000 NGN per month on average. Depending on the lifestyle, a couple can survive with a monthly budget as low as 130,000 NGN or as high as 2.1M NGN. Location and income are very important factors and have a huge influence on expenditure and budget.
Prices and cost of goods and services in Nigeria
Dining, food, and beverages costs
Fast food combo meal
| 340 NGN | 680 NGN | 1,100 NGN |
Restaurant meal for one
| 1,100 NGN | 1,700 NGN | 3,400 NGN |
Fine dining meal for one
| 2,300 NGN | 3,400 NGN | 14,000 NGN |
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
| 450 NGN | 680 NGN | 1,400 NGN |
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
| 1,700 NGN | 2,300 NGN | 4,500 NGN |
Average car 1-day rental
| 1,700 NGN | 2,300 NGN | 3,400 NGN |
Average car price
| 850,000 NGN | 1.7M NGN | 2.3M NGN |
Bus ticket one way
Car Service
| 2,300 NGN | 3,400 NGN | 6,800 NGN |
Utility cost (monthly)
Utility Bill - Couple
| 5,300 NGN | 18,000 NGN | 120,000 NGN |
Internet and cable
| 1,700 NGN | 3,400 NGN | 4,500 NGN |
Mobile phone charges
| 1,400 NGN | 2,300 NGN | 6,800 NGN |
Leisure and activities costs
Movie ticket
| 850 NGN | 1,100 NGN | 1,700 NGN |
One month gym membership
| 2,700 NGN | 3,400 NGN | 6,800 NGN |
Cloths and accessories costs
Pair of jeans or pants
| 2,000 NGN | 2,800 NGN | 4,200 NGN |
Woman dress
| 1,900 NGN | 2,600 NGN | 8,500 NGN |
Woman shoes
| 1,800 NGN | 2,400 NGN | 5,700 NGN |
Men's shoes
| 1,500 NGN | 1,900 NGN | 3,800 NGN |
Men suit
| 1,700 NGN | 2,100 NGN | 11,000 NGN |
Regular t-shirt
| 850 NGN | 1,100 NGN | 3,400 NGN |
Housing costs / monthly rent
Studio apartment
| 28,000 NGN | 42,000 NGN | 110,000 NGN |
1-bedroom apartment
| 42,000 NGN | 68,000 NGN | 170,000 NGN |
2-bedroom apartment
| 57,000 NGN | 85,000 NGN | 230,000 NGN |
Housing costs / Buying
Studio apartment
| 5.7M NGN | 8.5M NGN | 17M NGN |
1-bedroom apartment
2-bedroom apartment
Furniture Costs
King Size Bed
| 34,000 NGN | 42,000 NGN | 57,000 NGN |
Double Bed
| 23,000 NGN | 34,000 NGN | 42,000 NGN |
Single Bed
| 20,000 NGN | 26,000 NGN | 34,000 NGN |
Living Room
| 38,000 NGN | 49,000 NGN | 170,000 NGN |
Dining Table
| 17,000 NGN | 23,000 NGN | 42,000 NGN |
Sofa or Couch
| 23,000 NGN | 31,000 NGN | 68,000 NGN |
Electronics and House Appliance Costs
TV Set
| 23,000 NGN | 34,000 NGN | 68,000 NGN |
Fridge or Freezer
| 20,000 NGN | 31,000 NGN | 42,000 NGN |
Washing Machine
| 26,000 NGN | 38,000 NGN | 68,000 NGN |
Stove or Cooker
| 24,000 NGN | 31,000 NGN | 42,000 NGN |
Mobile Phone
| 28,000 NGN | 34,000 NGN | 49,000 NGN |
Laptop or Computer
| 31,000 NGN | 38,000 NGN | 68,000 NGN |
Couple expenditure to income ratio in Nigeria
Analysing the how affordable it is for couples to live in Nigeria
One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Couples usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a couple of four ranges between 70% to 80%.
Spending to Income Ratio
84%
77% to 91%
( expenditure / income ) x 100
Couples in Nigeria spend around 84% of their monthly income.
Some couples spend as low as 77% of their income while some as high as 91%.
How do couples spend their money in Nigeria?
We asked thousands of couples about their spending habits and expenditure break down.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing and accomodation expenditure for couples
Accomodation Cost26%
26% of total expenses on average (19% to 36%)
| LOW | $29 45,000 NGN |
| AVERAGE | $87 140,000 NGN |
| HIGH | $470 720,000 NGN |
| Per Month |
Couples in Nigeria typically spend from 19% to 36% of their total monthly expenditure on housing with 26% being the average. The average monthly spend on housing is 140,000 NGN with expenditure ranging from 45,000 NGN to 720,000 NGN. This cost mainly goes for rent but it also includes other accommodation-related expenses.
Electricity, utilities, energy, water, internet, and mobile expenditure for couples
Cost of utilities8%
8% of total expenses on average (6% to 12%)
| LOW | $3.4 5,300 NGN |
| AVERAGE | $12 18,000 NGN |
| HIGH | $75 120,000 NGN |
| Per Month |
Utility expenditure like electricity, water, and gas in Nigeria ranges from 6% to 12% of total expenses with 8% being the average for most couples. The average monthly cost of utilities is 18,000 NGN with 5,300 NGN and 120,000 NGN being the upper and lower limits for a couple of four.
Transport, fuel, and commute expenditure for couples
Cost of transport and fuel8%
8% of total expenses on average (2% to 13%)
| LOW | $10 16,000 NGN |
| AVERAGE | $31 48,000 NGN |
| HIGH | $160 250,000 NGN |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether a couple resides near school and work, but roughly speaking a couple would expect to spend from 16,000 NGN to 250,000 NGN in a month on commuting with 48,000 NGN being the norm for most couples. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 2% or as high as 13%.
Food, groceries, and basic shopping expenditure for couples
Food and Groceries Cost18%
18% of total expenses on average (13% to 23%)
| LOW | $12 19,000 NGN |
| AVERAGE | $36 56,000 NGN |
| HIGH | $190 300,000 NGN |
| Per Month |
The average outlay on groceries and basic houshold items for a typical couple in a month in Nigeria is 56,000 NGN. The cost of groceries can range between 19,000 NGN to 300,000 NGN. Couples spend on average about 18% on food and groceries with upper and lower bounds of 13% and 23% respectively.
Healthcare and medical services expenditure for couples
Cost of healthcare15%
15% of total expenses on average (9% to 19%)
| LOW | $9.4 15,000 NGN |
| AVERAGE | $28 44,000 NGN |
| HIGH | $150 230,000 NGN |
| Per Month |
Couples in Nigeria allocate 9% to 19% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 15%. The range of medical expenses range from 15,000 NGN to 230,000 NGN with 44,000 NGN being the norm for most couples.
Leisure and shopping expenditure for couples
Cost of leisure and shopping3%
3% of total expenses on average (1% to 6%)
| LOW | $5.1 7,900 NGN |
| AVERAGE | $15 24,000 NGN |
| HIGH | $82 130,000 NGN |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 7,900 NGN to 130,000 NGN with 24,000 NGN being the average. Speaking of percentages, that equates to 1% to 6% of total expenses with an average of 3% for most couples.
Education and schooling expenditure for couples
Cost of education and schooling1%
1% of total expenses on average (0.00% to 3%)
| LOW | $1.7 2,600 NGN |
| AVERAGE | $5.1 7,900 NGN |
| HIGH | $27 42,000 NGN |
| Per Month |
Spending on education can vary drastically between different couples. On average, education constitutes 1% of the monthly expenditure of couples with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 7,900 NGN per month with 2,600 NGN being the minimum spent amount and 42,000 NGN being the maximum.
Other Expenses21%
21% of total expenses on average (15% to 27%)
| LOW | $15 23,000 NGN |
| AVERAGE | $44 68,000 NGN |
| HIGH | $230 360,000 NGN |
| Per Month |
What percentage of couples in Nigeria are able to save money and how much can they save?
Percentage of couples that reported their ability to save money
Almost 50% of surveyed couples in Nigeria said that they can save some money at the end of each month while 50% reported that they have to utilize their whole income to survive.
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
How much money do couples manage to add to their savings?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Saving to Income Ratio
Average Monthly Saved Amount
38,000 NGN
$24 | 110,000 NGN
$73 | 600,000 NGN
$390 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 37% |
| 10% - 20% | 28% |
| 20% - 30% | 19% |
| 30% - 40% | 7% |
| 40% - 50% | 6% |
| > 50% | 3% |
Interpretation and Analysis
Couples that are able to save money can put anywhere from 9% to 29% of their monthly income to their savings, with 17% being the average for most couples. The average monthly amount of money that couples can put aside is 110,000 NGN with 38,000 NGN and 600,000 NGN being the minimum and maximum respectively.
Saving Challenges in Nigeria
Reasons that make it difficult for couples to save money
We wanted to understand what is stopping couples from maximizing their savings in Nigeria. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 4% |
| High Expenses | 7% |
| Debt and Loans | 12% |
| Lack of Budgeting Skills | 12% |
| Impulsive Spending | 12% |
| Financial Emergencies | 7% |
| Living the moment | 5% |
| Will do it later | 21% |
| Inflation | 14% |
| Social Pressure | 3% |
| Market Instability | 2% |
Around 4% of the couples said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 12% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% of couples blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 21% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 14% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for couples in Nigeria
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 13% |
| Gold | 13% |
| Savings Accounts | 17% |
| Retirement Accounts | 9% |
| Cash Savings | 22% |
| Real Estate | 9% |
| Investment | 5% |
| Stocks | 4% |
| Bonds | 4% |
| Mutual Funds | 2% |
| Certificates of Deposit | 3% |
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Nigeria
Income and cost of living compatibility
We asked couples one simple question and recorded their answers.
Is it affordable or economical to live in Nigeria?
Around 42% of surveyed couples think that living in Nigeria is affordable with proper budgeting while 58% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Nigeria
People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked couples how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options52%
Few low-cost options48%
Based on the survey, 52% of the couples living in Nigeria have no problem finding low-cost alternatives to support a frugal lifestyle while 48% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds For Couples
An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked couples of Nigeria whether they have an emergency fund and the answers were as follows.
Yes39%
No61%
Based on the survey, 61% of the couples living in Nigeria said that they don't have an emergency fund while 39% said that they do.
Financial Literacy in Nigeria
Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.
Financial Leteracy37%
We asked couple guardians and parents in Nigeria whether they acquired any adequate personal financial training in their lives. Approximately 63% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 37% said that they know about the general principles of personal finance from sources other than their own experience.
Difficulty in Budgeting and Financial Planning
We wanted to understand whether couples of Nigeria have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 62% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 38% said that they have everything under control.
Struggles with finance62%
Easily manages finances38%
Financial goals of couples in Nigeria
In an attempt to understand the economic situation in Nigeria, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 9% |
| Debt Reduction | 44% |
| Retirement Savings | 11% |
| Education Funding | 6% |
| Homeownership | 19% |
| Investing | 6% |
| Travel or Lifestyle | 6% |
| Healthcare Expenses | 15% |
| Financial Independence | 4% |
Around 9% of couples said that their main goal is to establish an emergency fund to cover unexpected expenses while 44% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 15% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Debt, loans, and mortgages in Nigeria
Percentage of couples who are in debt
According to the survey, 34% of the couples in Nigeria have some kind of debt, loan, mortgage, or credit card payments while 66% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Nigeria
Debt to income ratio
33%
25% to 41%
( monthly debt payment / monthly income ) x 100
Interpretation
The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 33% of a couple's monthly income in Nigeria goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 19% |
| 40% - 50% | 15% |
| 30% - 40% | 17% |
| 20% - 30% | 9% |
| 10% - 20% | 11% |
| 0% - 10% | 25% |
According to our data, 3% of the debtors in Nigeria pay 60%+ of their income as debt settlement while 19% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 9% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Nigeria
| Debt | % People |
|---|
| Real Estate Mortgage | 7% |
| Auto Loan | 14% |
| Student Loan | 4% |
| Credit Card | 31% |
| Personal Loan | 44% |
7% of debtors in Nigeria confirm that real estate mortgages constitutes the main part of their outstanding debt while 31% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 14% of people and personal loans rose at 44%. Lastly, student loans are the main source of debt for 4% of debtors in Nigeria.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in Nigeria
Besides measuring the loan-to-income ratio, we asked couples of Nigeria how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 49% |
| Once a year | 24% |
| Twice a year | 13% |
| Three times a year | 9% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Nigeria
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Nigeria
Monthly Rent Prices
Studio apartment monthly rent cost
| 28,000 NGN | 42,000 NGN | 110,000 NGN |
1-bedroom apartment monthly rent cost
| 42,000 NGN | 68,000 NGN | 170,000 NGN |
2-bedroom apartment monthly rent cost
| 57,000 NGN | 85,000 NGN | 230,000 NGN |
3-bedroom apartment monthly rent cost
| 68,000 NGN | 110,000 NGN | 310,000 NGN |
Furnished apartment monthly rent cost
| 140,000 NGN | 340,000 NGN | 680,000 NGN |
Townhouse monthly rent cost
| 110,000 NGN | 170,000 NGN | 490,000 NGN |
House monthly rent cost
| 140,000 NGN | 340,000 NGN | 680,000 NGN |
Villa monthly rent cost
| 170,000 NGN | 420,000 NGN | 680,000 NGN |
The monthly rental cost of a studio apartment in Nigeria ranges between 28,000 NGN and 110,000 NGN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 42,000 NGN to 170,000 NGN. Two-bedroom rentals rate ranges between 57,000 NGN and 230,000 NGN per month. The monthly rental for a three-bedroom apartment ranges from 68,000 NGN to 310,000 NGN. The average rent of a townhouse in Nigeria is around 170,000 NGN while house rental costs can be as high as 340,000 NGN per month. Finally, if you want to rent a villa, expect to pay anywhere from 170,000 NGN to 680,000 NGN per month.
Apartment and house prices in Nigeria
Cost of buying a property
Studio apartment price
| 5.7M NGN | 8.5M NGN | 17M NGN |
1-bedroom apartment price
2-bedroom apartment price
3-bedroom apartment price
Townhouse price
| 49M NGN | 110M NGN | 420M NGN |
House price
| 57M NGN | 340M NGN | 490M NGN |
| $37,000 | $220,000 | $310,000 |
Villa price
| 68M NGN | 380M NGN | 570M NGN |
| $44,000 | $240,000 | $370,000 |
The average price of a studio apartment in Nigeria can range from 5.7M NGN to 17M NGN depending on location. One bedroom cost can be anywhere from 6.8M NGN to 42M NGN. A villa can cost you 380M NGN on average with prices ranging from 68M NGN to 570M NGN.
If you're leasing or purchasing, housing costs in Nigeria will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio
( average property price / average monthly income ) x 100
| 29 | x79 monthly income | 188 |
Property prices in Nigeria can be x79 to x188 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x79 multiples of the average monthly salary in Nigeria.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Nigeria is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 18% to 38% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
Housing affordability index
The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.
Housing Affordability Index
26% Property Taxes
Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.
Home Maintenance Costs
Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.
| 530 NGN | 6,900 NGN | 69,000 NGN |
Urban vs. rural living costs
Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.
Monthly costs and expenses of energy and basic utilities in Nigeria
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Nigeria
Utility Bill Cost / Electricity + Water + Gas / Couple
| 5,300 NGN | 18,000 NGN | 120,000 NGN |
Internet and cable cost
| 1,700 NGN | 3,400 NGN | 4,500 NGN |
Mobile phone bill and charges
| 1,400 NGN | 2,300 NGN | 6,800 NGN |
Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.
The average monthly energy and water consumption of couples is around 18,000 NGN. The cost of internet and WiFi ranges from 1,700 NGN to 4,500 NGN with 3,400 NGN being the average internet bill. Finally, the average monthly mobile charges is around 2,300 NGN but can range between 1,400 NGN and 6,800 NGN depending on consumption. Mobile charges include both calling minutes as well as data packages.
Energy / Utility expense to income ratio
( monthly utility expenses / monthly income ) x 100
The average utility-to-income ratio in Nigeria is around 7%. This means that people pay 7% of their income for energy, water, internet, and mobile charges. Those figures can range from 4% to 11% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Nigeria
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Nigeria
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
| 340 NGN | 680 NGN | 1,100 NGN |
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Nigeria is approximatly 680 NGN with meal cost ranging from 340 NGN to 1,100 NGN. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
| 1,100 NGN | 1,700 NGN | 3,400 NGN |
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 1,100 NGN and 3,400 NGN with 1,700 NGN being the average price of a plate for one person at a regular restaurant in Nigeria.
Fine dining meal for one price
| 2,300 NGN | 3,400 NGN | 14,000 NGN |
The price range of a meal at fine-dining restaurant is 2,300 NGN to 14,000 NGN with the average cost being 3,400 NGN for one person. This is what you would expect to pay a top-tier diner in Nigeria.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Nigeria is around 450 NGN. Price ranges between 280 NGN and 680 NGN depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Nigeria is 270 NGN. The maximum what you would pay for milk is 340 NGN and the minimum being 230 NGN depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 230 NGN on average with 170 NGN and 340 NGN being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Nigeria is between 390 NGN and 710 NGN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 500 NGN.
Pack of beef price
| 450 NGN | 680 NGN | 1,400 NGN |
The price of a regular pack of beef or meat is around 680 NGN. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Nigeria costs around 250 NGN on average with prices rangeing between 180 NGN and 350 NGN depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 68 NGN to 170 NGN. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 160 NGN on average. A bag of apples denotes 1Kg or 1lb depending on location.
Grocery and food expenditure to income ratio
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Nigeria is around 28%. This means that couples spend 28% of their income on grocery and basic household items. The expenditure can range from 20% to 34% depending on salary and location.
Expenditure on food and grocery for couples
Couples' spending on grocery ranges from 19,000 NGN to 300,000 NGN with the location, income, and size of the couple being the most determinite factors.
