Cost of living in Nigeria, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at April 2020. What is it like to live in Nigeria?
Nigeria is in Western Africa, bordering the Gulf of Guinea, between Benin and Cameroon.
The climate varies between equatorial in the south, tropical in the centre, and arid in the north.
The official language is English. It is the main business language. ‘Pidgin' English is also widely spoken.
The main religions are Islam, Christianity and indigenous beliefs.
The economy of Nigeria is one of the fastest growing in the world but is struggling to leverage the country's vast wealth in fossil fuels in order to displace the crushing poverty that affects about 57 percent of its population. The oil sector provides 80% of GDP, 95% of foreign exchange earnings, and about 65% of government revenues.
Nigerians are generally friendly and welcoming to expatriates and foreign visitors. Expatriate dress code is generally formal. This is usually in the form of suits and ties for men, and suits or separates for women. The safety risk for expatriates in Nigeria is high, but extreme in the north. Risks include petty crime, armed crime, carjacking, while in the north risks include shootings, bombings, and kidnappings, and in the Niger delta region risks include kidnap-for-ransom, carjacking's, armed robberies and illegal roadblocks. Other risks include internal flight safety.
The currency of Nigeria is the Nigerian Naira (NGN). Nigeria is still mainly a cash based economy although the use of credit and debit cards is increasing. It is illegal to change money on the street. Credit card fraud is common. Check with your card issuer if you intend to use your international credit or debit card in Nigeria.
Health care facilities are generally below international standards and in some parts may only be very basic. Serious tropical illnesses such as malaria, typhoid, lassa fever and yellow fever occur.
The population is 186 Million (2019 est.), and the inflation rate (CPI) is 12.2% for Nigeria as at February 2020.
The Xpatulator Hypothetical Tax for Nigeria is based on the current personal income tax rates which are progressive up to 24%.
Within Nigeria we also cover
Abuja, Ibadan, Kano, and Lagos.
Cost Of Living
What is the cost of living in Nigeria?
The cost of living for expatriates in Nigeria as at April 2020 is average in comparison to other places in the world. We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Nigeria is as follows:
1) Alcohol and/or Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$440. Average price in a store for a midrange bottle of wine is USD$7.57, domestic/local beer (500ml) USD$1.13, imported/international beer (330ml) USD$1.87 and a pack of 20 cigarettes is USD$1.08. 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$670. Average price for an international brand of mens jeans is USD$19, a quality international brand of running shoes USD$54, mens leather shoes suitable for office wear USD$65 while a medium size international summer dress from a global chain store is USD$26. 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$166. Average price for a monthly standard plan internet subscription is USD$40, while the benchmark mobile tariff is USD$0.05 per minute. 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$26700. Average annual private international school fee (excluding extras) USD$17,419 for Primary School, and USD$19,384 for High School. 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$2950. Average price for a 6kg front loader Washing Machine is USD$832, and USD$714 for a 46+'' LED UHD TV. 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$790. Average grocery prices in a major international retail store for 1 kg apples is USD$3.42, 1 kg oranges USD$2.28, 1 head lettuce USD$1.11, 1 kg potatos USD$2.26, 1 kg boneless, skinless, chicken breast USD$4.93, 1 kg cheddar cheese USD$4.60, 1 dozen large eggs USD$1.81, 500g loaf white bread USD$1.18, 1 L full cream milk USD$2.91, and 1.5 L water USD$0.60. 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$660. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$53, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,639. 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2150. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$3,046 in a central location, and USD$1,680 in a suburban location, per month, excluding utilities. 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$630. Average price for dry cleaning (1 mens 2 pc suit) is USD$12.26, while an international newspaper is USD$3.77. 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$355. Average cost for a mens haircut and blow dry is USD$28, while a womens hair colour, cut and blow dry - medium length is USD$142. 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$310. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$7.20, and an international fitness, recreation or sports club membership cost for one adult is USD$46 per month. 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$530. Average cappuccino price (regular, medium) is USD$2.60, coke/pepsi (330ml) USD$0.44, burger meal (international franchise or similar) USD$6.12, and a mid-range international restaurant meal for 2 USD$21.61. 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$530. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$0.40, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$19,391. How does the cost of living in Nigeria compare?
Nigeria is 5.5% more expensive than USA for groceries, -24.1% cheaper for household costs than UK, and 11.6% more expensive for transport costs than India.
What is the quality of life / hardship in Nigeria?
Nigeria is ranked as an extreme hardship location.The hardship premium for Nigeria for an expat from Australia, is for example 20%, i.e. host location (Nigeria) premium of 30% minus home (Australia) location premium of 10%.
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