Lagos, Nigeria

Economic snapshot of Lagos. See how local prices compare to global benchmarks.

Cost of Living Index

Relative to the US national average (100)

25.8

Lagos is 74.2% cheaper than the US national average.

Global Standing

Where Lagos fits in the world

Living in Lagos requires an economic calibration that reflects local purchasing power and inflation reality.

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Frequently Asked Questions — Cost of Living in Lagos

About the Cost of Living in Lagos

Lagos, Nigeria, currently has a Cost of Living Index of 25.8. This index is calculated based on various economic factors including consumer prices, rent, and local purchasing power relative to the United States national average of 100.

When comparing Lagos to other global hubs, it is essential to consider the local purchasing power. While some cities may have a high cost index, they may also offer higher average salaries, balancing the overall affordability for residents.

Economic indices based on global cost-of-living data.