Cost Of Living in Kaduna 2025

cost of living chart - average monthly expenditure in Kaduna

Average monthly spending for singles, couples, students, and families in Kaduna

Whether you're living in Kaduna or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: NGN
24,000 310,000 3.1M
MINIMUM AVERAGE MAXIMUM
$15 $200 $2,000

Monthly Expenditure ▶ Single

Currency: NGN
30,000 220,000 1.4M
MINIMUM AVERAGE MAXIMUM
$19 $140 $930

Monthly Expenditure ▶ Couple

Currency: NGN
120,000 360,000 1.9M
MINIMUM AVERAGE MAXIMUM
$77 $230 $1,200

Monthly Expenditure ▶ Family

Currency: NGN
170,000 480,000 3.1M
MINIMUM AVERAGE MAXIMUM
$110 $310 $2,000

Monthly Expenditure ▶ Student

Currency: NGN
24,000 160,000 1.1M
MINIMUM AVERAGE MAXIMUM
$15 $100 $690
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Kaduna is 220,000 NGN. Expenses can range from 30,000 NGN at the minimum level to 1.4M NGN at the highest end.


Couples

The average monthly spending of couples in Kaduna is 360,000 NGN. Expenditure can range from 120,000 NGN to 1.9M NGN per month.


Families

The average cost of living for families in Kaduna is 480,000 NGN per month. Families spend anywhere from 170,000 NGN to 3.1M NGN.


Students

The average monthly expenditure for students in Kaduna is 160,000 NGN. Students spend from 24,000 NGN to 1.1M NGN per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.



Prices and cost of goods and services in Kaduna


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Kaduna

Dining, food, and beverages costs


Fast food combo meal

320 NGN 650 NGN 1,100 NGN
MINIMUM AVERAGE MAXIMUM
$0.21 $0.42 $0.70

Restaurant meal for one

1,100 NGN 1,600 NGN 3,200 NGN
MINIMUM AVERAGE MAXIMUM
$0.68 $1 $2

Fine dining meal for one

2,100 NGN 3,200 NGN 13,000 NGN
MINIMUM AVERAGE MAXIMUM
$1.4 $2 $8.2

Cappuccino or latte

270 NGN 430 NGN 650 NGN
MINIMUM AVERAGE MAXIMUM
$0.17 $0.28 $0.42

Grocery and market costs


Milk large bottle

220 NGN 260 NGN 320 NGN
MINIMUM AVERAGE MAXIMUM
$0.14 $0.17 $0.21

12 eggs

160 NGN 220 NGN 320 NGN
MINIMUM AVERAGE MAXIMUM
$0.10 $0.14 $0.21

Fresh whole chicken

370 NGN 480 NGN 680 NGN
MINIMUM AVERAGE MAXIMUM
$0.24 $0.31 $0.44

Pack of beef

430 NGN 650 NGN 1,300 NGN
MINIMUM AVERAGE MAXIMUM
$0.28 $0.42 $0.84

Medium bag of rice

170 NGN 240 NGN 340 NGN
MINIMUM AVERAGE MAXIMUM
$0.11 $0.15 $0.22

Bag of tomatos

65 NGN 87 NGN 160 NGN
MINIMUM AVERAGE MAXIMUM
$0.04 $0.06 $0.10

Bag of apples

120 NGN 150 NGN 250 NGN
MINIMUM AVERAGE MAXIMUM
$0.07 $0.10 $0.16
Chart showing the prices and cost of commute, travel, and transportation in Kaduna

Commute, travel, and transportation costs


20 minutes taxi ride

260 NGN 320 NGN 630 NGN
MINIMUM AVERAGE MAXIMUM
$0.17 $0.20 $0.41

Average car full tank

1,600 NGN 2,200 NGN 4,300 NGN
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.8

Average car 1-day rental

1,500 NGN 2,100 NGN 3,100 NGN
MINIMUM AVERAGE MAXIMUM
$0.99 $1.3 $2

Average car price

810,000 NGN 1.6M NGN 2.2M NGN
MINIMUM AVERAGE MAXIMUM
$520 $1,000 $1,400

Bus ticket one way

51 NGN 77 NGN 150 NGN
MINIMUM AVERAGE MAXIMUM
$0.03 $0.05 $0.10

Car Service

2,100 NGN 3,100 NGN 6,200 NGN
MINIMUM AVERAGE MAXIMUM
$1.3 $2 $4
Chart showing the prices and cost of utility, energy, water, and gas for a family in Kaduna

Utility cost (monthly)


Utility Bill - Individual

1,800 NGN 13,000 NGN 86,000 NGN
MINIMUM AVERAGE MAXIMUM
$1.2 $8.4 $56

Utility Bill - Couple

4,800 NGN 16,000 NGN 110,000 NGN
MINIMUM AVERAGE MAXIMUM
$3.1 $10 $68

Utility Bill - Family

8,400 NGN 24,000 NGN 160,000 NGN
MINIMUM AVERAGE MAXIMUM
$5.4 $15 $100

Internet and cable

1,600 NGN 3,200 NGN 4,300 NGN
MINIMUM AVERAGE MAXIMUM
$1 $2.1 $2.8

Mobile phone charges

1,300 NGN 2,200 NGN 6,500 NGN
MINIMUM AVERAGE MAXIMUM
$0.84 $1.4 $4.2

Leisure and activities costs


Movie ticket

810 NGN 1,100 NGN 1,600 NGN
MINIMUM AVERAGE MAXIMUM
$0.52 $0.70 $1

One month gym membership

2,500 NGN 3,100 NGN 6,200 NGN
MINIMUM AVERAGE MAXIMUM
$1.6 $2 $4
Chart showing the prices and cost of clothing and accessories in Kaduna

Cloths and accessories costs


Pair of jeans or pants

1,800 NGN 2,600 NGN 3,800 NGN
MINIMUM AVERAGE MAXIMUM
$1.2 $1.7 $2.5

Woman dress

1,700 NGN 2,400 NGN 7,700 NGN
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $5

Woman shoes

1,600 NGN 2,200 NGN 5,100 NGN
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $3.3

Men's shoes

1,400 NGN 1,700 NGN 3,400 NGN
MINIMUM AVERAGE MAXIMUM
$0.90 $1.1 $2.2

Men suit

1,500 NGN 1,900 NGN 10,000 NGN
MINIMUM AVERAGE MAXIMUM
$0.99 $1.2 $6.6

Regular t-shirt

770 NGN 1,000 NGN 3,100 NGN
MINIMUM AVERAGE MAXIMUM
$0.50 $0.66 $2
Chart showing the prices and cost of housing, accommodation, and rent in Kaduna

Housing costs / monthly rent


Studio apartment

26,000 NGN 38,000 NGN 100,000 NGN
MINIMUM AVERAGE MAXIMUM
$17 $25 $66

1-bedroom apartment

38,000 NGN 62,000 NGN 150,000 NGN
MINIMUM AVERAGE MAXIMUM
$25 $40 $99

2-bedroom apartment

51,000 NGN 77,000 NGN 210,000 NGN
MINIMUM AVERAGE MAXIMUM
$33 $50 $130

Housing costs / Buying


Studio apartment

5.1M NGN 7.7M NGN 15M NGN
MINIMUM AVERAGE MAXIMUM
$3,300 $5,000 $9,900

1-bedroom apartment

6.2M NGN 10M NGN 38M NGN
MINIMUM AVERAGE MAXIMUM
$4,000 $6,600 $25,000

2-bedroom apartment

10M NGN 31M NGN 62M NGN
MINIMUM AVERAGE MAXIMUM
$6,600 $20,000 $40,000
Chart showing the prices and cost of furniture in Kaduna

Furniture Costs


King Size Bed

32,000 NGN 41,000 NGN 54,000 NGN
MINIMUM AVERAGE MAXIMUM
$21 $26 $35

Double Bed

22,000 NGN 32,000 NGN 41,000 NGN
MINIMUM AVERAGE MAXIMUM
$14 $21 $26

Single Bed

19,000 NGN 25,000 NGN 32,000 NGN
MINIMUM AVERAGE MAXIMUM
$12 $16 $21

Living Room

36,000 NGN 46,000 NGN 160,000 NGN
MINIMUM AVERAGE MAXIMUM
$23 $30 $100

Dining Table

16,000 NGN 22,000 NGN 41,000 NGN
MINIMUM AVERAGE MAXIMUM
$10 $14 $26

Sofa or Couch

22,000 NGN 30,000 NGN 65,000 NGN
MINIMUM AVERAGE MAXIMUM
$14 $19 $42
Chart showing the prices and cost of electronic devices and appliances in Kaduna

Electronics and House Appliance Costs


TV Set

22,000 NGN 32,000 NGN 65,000 NGN
MINIMUM AVERAGE MAXIMUM
$14 $21 $42

Fridge or Freezer

19,000 NGN 30,000 NGN 41,000 NGN
MINIMUM AVERAGE MAXIMUM
$12 $19 $26

Washing Machine

25,000 NGN 36,000 NGN 65,000 NGN
MINIMUM AVERAGE MAXIMUM
$16 $23 $42

Stove or Cooker

23,000 NGN 30,000 NGN 41,000 NGN
MINIMUM AVERAGE MAXIMUM
$15 $19 $26

Mobile Phone

27,000 NGN 32,000 NGN 46,000 NGN
MINIMUM AVERAGE MAXIMUM
$17 $21 $30

Laptop or Computer

30,000 NGN 36,000 NGN 65,000 NGN
MINIMUM AVERAGE MAXIMUM
$19 $23 $42

Expenditure to Income Ratio in Kaduna

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.

Cost of living and expenditure to income ratio in Kaduna

Spending to Income Ratio

80%

73% to 87%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%3%
50% - 60%7%
60% - 70%13%
70% - 80%24%
80% - 90%23%
90% - 100%12%
100% - 110%7%
110% - 120%4%
120% - 130%3%
130% - 140%3%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Kaduna is 80% This means that on average, people spend around 80% of their income for living. According to the distribution table, 13% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
72%
Spending-Income-Ratio
66%
78%

Couple
76%
Spending-Income-Ratio
70%
83%

Family
84%
Spending-Income-Ratio
77%
91%
Distribution of monthly cost of living expenses in Kaduna

How do people spend their money in Kaduna?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

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 Expenditure21%

21% of total expenses on average (10% to 29%)

LOW$4.6   7,200 NGN
AVERAGE$60   93,000 NGN
HIGH$600   930,000 NGN
Per Month

People living in Kaduna typically spend from 10% to 29% of their total monthly expenditure on housing with 21% being the average. The average spend on housing is 93,000 NGN with expenditure ranging from 7,200 NGN to 930,000 NGN. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile9%

9% of total expenses on average (6% to 13%)

LOW$0.77   1,200 NGN
AVERAGE$10   16,000 NGN
HIGH$100   160,000 NGN
Per Month

Utility expenditure like electricity, water, and gas in Kaduna ranges from 6% to 13% of total expenses with 9% being the average. The average monthly cost of utilities is 16,000 NGN with 1,200 NGN and 160,000 NGN being the upper and lower limits.

Transport, Fuel, Commute6%

6% of total expenses on average (2% to 10%)

LOW$1.5   2,400 NGN
AVERAGE$20   31,000 NGN
HIGH$200   310,000 NGN
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 2,400 NGN to 310,000 NGN on commuting with 31,000 NGN being the norm for most people in one month. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 2% or as high as 10%.

Food and Groceries Cost29%

29% of total expenses on average (21% to 35%)

LOW$3.9   6,000 NGN
AVERAGE$50   78,000 NGN
HIGH$500   780,000 NGN
Per Month

The average outlay on groceries in a month in Kaduna is 78,000 NGN. The cost of groceries can range between 6,000 NGN to 780,000 NGN. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.

Healthcare and Medical Services11%

11% of total expenses on average (6% to 14%)

LOW$1.1   1,700 NGN
AVERAGE$14   22,000 NGN
HIGH$140   220,000 NGN
Per Month

People in Kaduna allocate 6% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 11%. The range of medical expenses range from 1,700 NGN to 220,000 NGN with 22,000 NGN being the norm.

Leisure and Shopping3%

3% of total expenses on average (2% to 7%)

LOW$0.62   960 NGN
AVERAGE$8   12,000 NGN
HIGH$80   120,000 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 960 NGN to 120,000 NGN with 12,000 NGN being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 3% for most residents.

Education and Schooling5%

5% of total expenses on average (3% to 11%)

LOW$0.93   1,400 NGN
AVERAGE$12   19,000 NGN
HIGH$120   190,000 NGN
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 19,000 NGN per month with 1,400 NGN being the minimum spent amount and 190,000 NGN being the maximum.

Other Expenses15%

15% of total expenses on average (10% to 22%)

LOW$2   3,100 NGN
AVERAGE$26   40,000 NGN
HIGH$260   400,000 NGN
Per Month
Percentage of people who manage to save money from their income every month in Kaduna

How much money can you save in Kaduna every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Kaduna manage to save money from their income every month?


Saving Money
44%
Not Saving
56%

Almost 44% of the surveyed people in Kaduna said that they can save some money at the end of each month while 56% said that aren't saving anything.


Percentage of people saving money by population group in Kaduna

GroupSaversNon Savers
Singles50%50%
Couples46%54%
Families41%59%

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.


Savings to income ratio in Kaduna

Saving to Income Ratio

7.2% 14% of income 25%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

6,800 NGN
$4.4
88,000 NGN
$57
880,000 NGN
$570
MINIMUM AVERAGE MAXIMUM

For most people, 7.2% to 25% of their monthly income is what they can allocate to their savings, with 14% being the average. The amount of money that people can save is approximately 88,000 NGN on average with savings ranging from 6,800 NGN to 880,000 NGN.

50% of surveyed singles reported some of their income going to savings while 46% of couples said the same. 41% of families confirmed their ability to save money.


How much money do people actually save in Kaduna?

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.


Singles

Saving to Income Ratio

10% 17% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

6,800 NGN
$4.4
61,000 NGN
$40
410,000 NGN
$260
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%35%
10% - 20%27%
20% - 30%17%
30% - 40%10%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 10% to 27% of their monthly income to savings, with 17% being the average for most singles. The average amount of money that singles are able to save is 61,000 NGN with 6,800 NGN and 410,000 NGN being the minimum and maximum respectively.


Couples

Saving to Income Ratio

8.1% 15% of income 26%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

34,000 NGN
$22
100,000 NGN
$66
540,000 NGN
$350
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%39%
10% - 20%29%
20% - 30%20%
30% - 40%5%
40% - 50%5%
> 50%2%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 8.1% to 26% of their monthly income, with 15% being the average for most couples. The average amount of money that couples can save is 100,000 NGN with 34,000 NGN and 540,000 NGN being the minimum and maximum respectively.


Families

Saving to Income Ratio

7.2% 13% of income 24%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

48,000 NGN
$31
140,000 NGN
$88
880,000 NGN
$570
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%42%
10% - 20%32%
20% - 30%21%
30% - 40%2%
40% - 50%2%
> 50%1%

Interpretation and Analysis

Families in Kaduna can save anywhere between 7.2% to 24% of their monthly income, with 13% being the average for most families. The average amount of money that families can put aside is 140,000 NGN with 48,000 NGN and 880,000 NGN being the minimum and maximum respectively.

Reasons that make it difficult for people to save money in Kaduna

Saving Challenges in Kaduna

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Kaduna. Listed below are the answers given by the survey participants.


Reason% People
Low Income4%
High Expenses7%
Debt and Loans10%
Lack of Budgeting Skills13%
Impulsive Spending13%
Financial Emergencies8%
Living the moment4%
Will do it later24%
Inflation15%
Social Pressure2%
Market Instability1%

Around 4% of the people 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. 10% of the residents said that they are burdened with debt and find it challenging to save money. 13% 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. 13% blamed impulsive spending as the reason for saving inability. Around 8% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 4% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 24% 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. 15% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 2% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 1% blamed market instability and price fluctuations.

Where do people choose to put their savings in Kaduna

Typical saving choices for people in Kaduna

Where do people choose to put their savings?


Saving Type% People
Emergency Funds13%
Gold15%
Savings Accounts16%
Retirement Accounts9%
Cash Savings24%
Real Estate8%
Investment4%
Stocks3%
Bonds4%
Mutual Funds1%
Certificates of Deposit2%
A typical and healthy budgeting structure. The 50-30-20 rule

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.

Income and cost of living compatibility. Is it affordable or economical to live in Kaduna

Affordable living in Kaduna

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Kaduna?


Yes
38%
No
62%

Around 38% of surveyed residents think that living in Kaduna is affordable with proper budgeting while 62% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting. Are there plenty of low-cost options in Kaduna

Low-cost alternatives in Kaduna

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 residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options47%

Few low-cost options53%


Based on the survey, 47% of the people living in Kaduna have no problem finding low-cost alternatives to support a frugal lifestyle while 53% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

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 residents of Kaduna whether they have an emergency fund and the answers were as follows.

Yes35%

No65%


Based on the survey, 65% of the people living in Kaduna said that they don't have an emergency fund while 35% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Kaduna

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 residents of 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 residents 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 and targets of people living in Kaduna

Financial goals of people in Kaduna

In an attempt to understand the economic situation in Kaduna, 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 Fund9%
Debt Reduction49%
Retirement Savings12%
Education Funding6%
Homeownership19%
Investing5%
Travel or Lifestyle4%
Healthcare Expenses17%
Financial Independence2%

Around 9% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 49% said their number one priority is to pay off high-interest debt or loans and improve credit. 12% 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. 5% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 4% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 17% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Kaduna

What does the retirement lifestyle look like in Kaduna and how much retirement savings are required?

Retirement age

The retirement age for most employees in Nigeria is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Kaduna:
AgeAmount
25800,000 NGN
301.6M NGN
352.8M NGN
404M NGN
456M NGN
508.4M NGN
5510M NGN
6012M NGN
6515M NGN

Retirement Income Distribution

We asked residents of Kaduna about their retirement income sources and below are the results.

Source% People
Pensions11%
Savings24%
Investments11%
Social Security6%
Annuities6%
Part-time Job18%
Real Estate19%
Dividends and Interest6%

Retirement Monthly Expenses in Kaduna

18,000 NGN
$12
160,000 NGN
$100
1.1M NGN
$690
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Kaduna

Debt, loans, and mortgages in Kaduna


Percentage of people who are in debt


In Debt
31%
Debt Free
69%

According to the survey, 31% of the people in Kaduna have some kind of debt, loan, mortgage, or credit card payments while 69% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Kaduna

Debt-to-income ratio in Kaduna

Debt to income ratio

30%

23% to 37%

( 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 30% of the people's monthly income in Kaduna goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%4%
50% - 60%23%
40% - 50%17%
30% - 40%19%
20% - 30%7%
10% - 20%7%
0% - 10%24%

According to our data, 4% of the debtors in Kaduna pay 60%+ of their income as debt settlement while 23% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 17% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 19% dedicated 30% to 40% of income for same. Things are looking brighter for 7% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Kaduna

Debt% People
Real Estate Mortgage5%
Auto Loan10%
Student Loan5%
Credit Card33%
Personal Loan48%

5% of debtors in Kaduna confirm that real estate mortgages constitutes the main part of their outstanding debt while 33% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 10% of people and personal loans rose at 48%. Lastly, student loans are the main source of debt for 5% of debtors in Kaduna.


About credit score and debt management

Managing 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 Kaduna

Besides measuring the loan-to-income ratio, we asked residents of Kaduna 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
Never47%
Once a year25%
Twice a year14%
Three times a year10%
Four times a year5%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Kaduna

Housing costs, accommodation, and housing affordability in Kaduna

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Kaduna

Monthly Rent Prices

Studio apartment monthly rent cost

26,000 NGN 38,000 NGN 100,000 NGN
MINIMUM AVERAGE MAXIMUM
$17 $25 $66

1-bedroom apartment monthly rent cost

38,000 NGN 62,000 NGN 150,000 NGN
MINIMUM AVERAGE MAXIMUM
$25 $40 $99

2-bedroom apartment monthly rent cost

51,000 NGN 77,000 NGN 210,000 NGN
MINIMUM AVERAGE MAXIMUM
$33 $50 $130

3-bedroom apartment monthly rent cost

62,000 NGN 100,000 NGN 280,000 NGN
MINIMUM AVERAGE MAXIMUM
$40 $66 $180

Furnished apartment monthly rent cost

120,000 NGN 310,000 NGN 620,000 NGN
MINIMUM AVERAGE MAXIMUM
$79 $200 $400

Townhouse monthly rent cost

100,000 NGN 150,000 NGN 440,000 NGN
MINIMUM AVERAGE MAXIMUM
$66 $99 $280

House monthly rent cost

120,000 NGN 310,000 NGN 620,000 NGN
MINIMUM AVERAGE MAXIMUM
$79 $200 $400

Villa monthly rent cost

150,000 NGN 380,000 NGN 620,000 NGN
MINIMUM AVERAGE MAXIMUM
$99 $250 $400

The monthly rental cost of a studio apartment in Kaduna ranges between 26,000 NGN and 100,000 NGN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 38,000 NGN to 150,000 NGN. Two-bedroom rentals rate ranges between 51,000 NGN and 210,000 NGN per month. The monthly rental for a three-bedroom apartment ranges from 62,000 NGN to 280,000 NGN. The average rent of a townhouse in Kaduna is around 150,000 NGN while house rental costs can be as high as 310,000 NGN per month. Finally, if you want to rent a villa, expect to pay anywhere from 150,000 NGN to 620,000 NGN per month.



Apartment and house prices in Kaduna

Cost of buying a property

Studio apartment price

5.1M NGN 7.7M NGN 15M NGN
MINIMUM AVERAGE MAXIMUM
$3,300 $5,000 $9,900

1-bedroom apartment price

6.2M NGN 10M NGN 38M NGN
MINIMUM AVERAGE MAXIMUM
$4,000 $6,600 $25,000

2-bedroom apartment price

10M NGN 31M NGN 62M NGN
MINIMUM AVERAGE MAXIMUM
$6,600 $20,000 $40,000

3-bedroom apartment price

34M NGN 51M NGN 150M NGN
MINIMUM AVERAGE MAXIMUM
$22,000 $33,000 $99,000

Townhouse price

44M NGN 100M NGN 380M NGN
MINIMUM AVERAGE MAXIMUM
$28,000 $66,000 $250,000

House price

51M NGN 310M NGN 440M NGN
MINIMUM AVERAGE MAXIMUM
$33,000 $200,000 $280,000

Villa price

62M NGN 340M NGN 510M NGN
MINIMUM AVERAGE MAXIMUM
$40,000 $220,000 $330,000

The average price of a studio apartment in Kaduna can range from 5.1M NGN to 15M NGN depending on location. One bedroom cost can be anywhere from 6.2M NGN to 38M NGN. A villa can cost you 340M NGN on average with prices ranging from 62M NGN to 510M NGN.


If you're leasing or purchasing, housing costs in Kaduna 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


26 x71 monthly income 170
MINIMUM AVERAGE MAXIMUM

Property prices in Kaduna can be x71 to x170 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x71 multiples of the average monthly salary in Kaduna.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


16% 25% of income 34%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Kaduna is around 25%. This means that people pay 25% of their income for rent. Those figures can range from 16% to 34% 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
23%

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.


FROM
1.7%
AVERAGE
2.7%
TO
3.6%

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.


480 NGN 6,200 NGN 62,000 NGN
MINIMUM AVERAGE MAXIMUM

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 Kaduna

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Kaduna

Utility Bill Cost / Electricity + Water + Gas / Individual

1,800 NGN 13,000 NGN 86,000 NGN
MINIMUM AVERAGE MAXIMUM
$1.2 $8.4 $56

Utility Bill Cost / Electricity + Water + Gas / Couple

4,800 NGN 16,000 NGN 110,000 NGN
MINIMUM AVERAGE MAXIMUM
$3.1 $10 $68

Utility Bill Cost / Electricity + Water + Gas / Family

8,400 NGN 24,000 NGN 160,000 NGN
MINIMUM AVERAGE MAXIMUM
$5.4 $15 $100

Internet and cable cost

1,600 NGN 3,200 NGN 4,300 NGN
MINIMUM AVERAGE MAXIMUM
$1 $2.1 $2.8

Mobile phone bill and charges

1,300 NGN 2,200 NGN 6,500 NGN
MINIMUM AVERAGE MAXIMUM
$0.84 $1.4 $4.2

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 expenditure for individuals on electricty, water, and gas in Kaduna ranges between 1,800 NGN and 86,000 NGN with average being 13,000 NGN, meanwhile the expenditure of couples is slightly higher at 16,000 NGN with 4,800 NGN and 110,000 NGN being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 24,000 NGN. The cost of internet and WiFi is unchanged among the three groups and ranges from 1,600 NGN to 4,300 NGN with 3,200 NGN being the average internet bill. Finally, the average monthly mobile charges is around 2,200 NGN but can range between 1,300 NGN and 6,500 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


3.6% 6.3% of income 10%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Kaduna is around 6.3%. This means that people pay 6.3% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.6% to 10% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Kaduna

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Kaduna

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

320 NGN 650 NGN 1,100 NGN
MINIMUM AVERAGE MAXIMUM
$0.21 $0.42 $0.70

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Kaduna is approximatly 650 NGN with meal cost ranging from 320 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 1,600 NGN 3,200 NGN
MINIMUM AVERAGE MAXIMUM
$0.68 $1 $2

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 1,100 NGN and 3,200 NGN with 1,600 NGN being the average price of a plate for one person at a regular restaurant in Kaduna.

Fine dining meal for one price

2,100 NGN 3,200 NGN 13,000 NGN
MINIMUM AVERAGE MAXIMUM
$1.4 $2 $8.2

The price range of a meal at fine-dining restaurant is 2,100 NGN to 13,000 NGN with the average cost being 3,200 NGN for one person. This is what you would expect to pay a top-tier diner in Kaduna.

Beverage prices, cappuccino, latte etc..

270 NGN 430 NGN 650 NGN
MINIMUM AVERAGE MAXIMUM
$0.17 $0.28 $0.42

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Kaduna is around 430 NGN. Price ranges between 270 NGN and 650 NGN depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

220 NGN 260 NGN 320 NGN
MINIMUM AVERAGE MAXIMUM
$0.14 $0.17 $0.21

The average price of a large bottle of milk in Kaduna is 260 NGN. The maximum what you would pay for milk is 320 NGN and the minimum being 220 NGN depending on the brand of milk and other properties.

12 eggs price

160 NGN 220 NGN 320 NGN
MINIMUM AVERAGE MAXIMUM
$0.10 $0.14 $0.21

A dozen eggs costs around 220 NGN on average with 160 NGN and 320 NGN being the lower and upper limits respectively.

Fresh whole chicken price

370 NGN 480 NGN 680 NGN
MINIMUM AVERAGE MAXIMUM
$0.24 $0.31 $0.44

The price range of a fresh whole chicken in Kaduna is between 370 NGN and 680 NGN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 480 NGN.

Pack of beef price

430 NGN 650 NGN 1,300 NGN
MINIMUM AVERAGE MAXIMUM
$0.28 $0.42 $0.84

The price of a regular pack of beef or meat is around 650 NGN. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

170 NGN 240 NGN 340 NGN
MINIMUM AVERAGE MAXIMUM
$0.11 $0.15 $0.22

A bag of rice in Kaduna costs around 240 NGN on average with prices rangeing between 170 NGN and 340 NGN depending on the brand and quality.

Bag of tomatos price

65 NGN 87 NGN 160 NGN
MINIMUM AVERAGE MAXIMUM
$0.04 $0.06 $0.10

A bag of tomatoes costs anywhere from 65 NGN to 160 NGN. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

120 NGN 150 NGN 250 NGN
MINIMUM AVERAGE MAXIMUM
$0.07 $0.10 $0.16

A bag of apples costs 150 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


18% 25% of income 31%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Kaduna is around 25%. This means that people spend 25% of their income on grocery and basic household items. The expenditure can range from 18% to 31% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 35,000 NGN per month on grocery and food with expenditure fluctuating between 4,800 NGN and 230,000 NGN depending on location and the type of person. The average cost of food and groceries for a couple is around 50,000 NGN per month. That number can be get as low as 17,000 NGN or a high as 270,000 NGN. Families' spending on grocery ranges from 30,000 NGN to 560,000 NGN with the location, income, and size of the family being the most determinite factors.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Kaduna

Housing cost for a single person27%

27% of total expenses on average (15% to 39%)

LOW$7   11,000 NGN
AVERAGE$50   78,000 NGN
HIGH$330   520,000 NGN
Per Month

Utilities, Electricity, Water, Internet, Mobile10%

10% of total expenses on average (6% to 15%)

LOW$1.2   1,800 NGN
AVERAGE$8.4   13,000 NGN
HIGH$56   86,000 NGN
Per Month

Transport and Fuel Cost4%

4% of total expenses on average (2% to 10%)

LOW$1.6   2,400 NGN
AVERAGE$11   17,000 NGN
HIGH$74   120,000 NGN
Per Month

Food and Groceries Cost20%

20% of total expenses on average (14% to 25%)

LOW$3.1   4,800 NGN
AVERAGE$22   35,000 NGN
HIGH$150   230,000 NGN
Per Month

Healthcare Cost13%

13% of total expenses on average (7% to 17%)

LOW$1.8   2,700 NGN
AVERAGE$13   19,000 NGN
HIGH$84   130,000 NGN
Per Month

Leisure and Shopping Expenditure1%

1% of total expenses on average (1% to 4%)

LOW$0.97   1,500 NGN
AVERAGE$7   11,000 NGN
HIGH$46   72,000 NGN
Per Month

Education Cost1%

1% of total expenses on average (0.00% to 3%)

LOW$0.39   600 NGN
AVERAGE$2.8   4,300 NGN
HIGH$19   29,000 NGN
Per Month

Other Expenses23%

23% of total expenses on average (15% to 27%)

LOW$3.5   5,400 NGN
AVERAGE$25   39,000 NGN
HIGH$170   260,000 NGN
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Kaduna

Housing cost for a couple24%

24% of total expenses on average (17% to 34%)

LOW$26   41,000 NGN
AVERAGE$79   120,000 NGN
HIGH$420   650,000 NGN
Per Month

Utilities, Electricity, Water, Internet, Mobile9%

9% of total expenses on average (7% to 13%)

LOW$3.1   4,800 NGN
AVERAGE$10   16,000 NGN
HIGH$68   110,000 NGN
Per Month

Transport and Fuel Cost8%

8% of total expenses on average (2% to 13%)

LOW$9.3   14,000 NGN
AVERAGE$28   43,000 NGN
HIGH$150   230,000 NGN
Per Month

Food and Groceries Cost18%

18% of total expenses on average (13% to 23%)

LOW$11   17,000 NGN
AVERAGE$33   50,000 NGN
HIGH$170   270,000 NGN
Per Month

Healthcare Cost15%

15% of total expenses on average (9% to 19%)

LOW$8.5   13,000 NGN
AVERAGE$26   40,000 NGN
HIGH$140   210,000 NGN
Per Month

Leisure and Shopping Cost2%

2% of total expenses on average (0.00% to 5%)

LOW$4.6   7,200 NGN
AVERAGE$14   22,000 NGN
HIGH$74   120,000 NGN
Per Month

Education Cost1%

1% of total expenses on average (0.00% to 3%)

LOW$1.5   2,400 NGN
AVERAGE$4.6   7,200 NGN
HIGH$25   38,000 NGN
Per Month

Other Expenses22%

22% of total expenses on average (16% to 28%)

LOW$13   20,000 NGN
AVERAGE$39   61,000 NGN
HIGH$210   330,000 NGN
Per Month


Family
Average monthly expenses and break out of spending for families living in Kaduna

Housing cost for a family23%

23% of total expenses on average (18% to 33%)

LOW$35   54,000 NGN
AVERAGE$99   150,000 NGN
HIGH$640   1,000,000 NGN
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (5% to 10%)

LOW$5.4   8,400 NGN
AVERAGE$15   24,000 NGN
HIGH$100   160,000 NGN
Per Month

Transport and Fuel Expenses4%

4% of total expenses on average (2% to 6%)

LOW$11   17,000 NGN
AVERAGE$31   48,000 NGN
HIGH$200   310,000 NGN
Per Month

Food and Groceries Cost22%

22% of total expenses on average (15% to 28%)

LOW$20   30,000 NGN
AVERAGE$56   86,000 NGN
HIGH$360   560,000 NGN
Per Month

Healthcare Expenses12%

12% of total expenses on average (8% to 17%)

LOW$9.8   15,000 NGN
AVERAGE$31   48,000 NGN
HIGH$160   250,000 NGN
Per Month

Leisure and Shopping Cost1%

1% of total expenses on average (0.00% to 5%)

LOW$5.4   8,400 NGN
AVERAGE$15   24,000 NGN
HIGH$100   160,000 NGN
Per Month

Education Cost13%

13% of total expenses on average (6% to 21%)

LOW$15   23,000 NGN
AVERAGE$43   67,000 NGN
HIGH$280   440,000 NGN
Per Month

Other Expenses17%

17% of total expenses on average (10% to 22%)

LOW$8.7   13,000 NGN
AVERAGE$25   38,000 NGN
HIGH$160   250,000 NGN
Per Month


Student
Cost of living and expenses break down for students living in Kaduna

Housing costs for Student15%

15% of total expenses on average (10% to 21%)

LOW$3.7   5,800 NGN
AVERAGE$25   38,000 NGN
HIGH$170   260,000 NGN
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses8%

8% of total expenses on average (6% to 12%)

LOW$0.62   960 NGN
AVERAGE$4.1   6,400 NGN
HIGH$28   43,000 NGN
Per Month

Transport and Fuel Cost3%

3% of total expenses on average (3% to 9%)

LOW$1.1   1,700 NGN
AVERAGE$7.2   11,000 NGN
HIGH$48   75,000 NGN
Per Month

Food and Groceries Expenditure24%

24% of total expenses on average (18% to 28%)

LOW$3.1   4,800 NGN
AVERAGE$21   32,000 NGN
HIGH$140   210,000 NGN
Per Month

Healthcare Cost10%

10% of total expenses on average (7% to 13%)

LOW$0.93   1,400 NGN
AVERAGE$6.2   9,600 NGN
HIGH$41   64,000 NGN
Per Month

Leisure and Shopping Cost1%

1% of total expenses on average (1% to 5%)

LOW$0.77   1,200 NGN
AVERAGE$5.2   8,000 NGN
HIGH$35   53,000 NGN
Per Month

Education Cost18%

18% of total expenses on average (11% to 23%)

LOW$2.9   4,600 NGN
AVERAGE$20   30,000 NGN
HIGH$130   200,000 NGN
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$2.3   3,600 NGN
AVERAGE$16   24,000 NGN
HIGH$100   160,000 NGN
Per Month
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