Last Updated: March 2026
The cost of living in Nigeria varies depending on location, lifestyle, and household size.
Major cities such as Lagos, Abuja, and Port Harcourt generally have higher living costs compared to smaller towns and rural areas.
This guide provides an overview of essential living expenses in Nigeria, including food, rent, transportation, utilities, and other daily costs in 2026.
🏠 Housing & Rent in Nigeria
Rent remains one of the largest expenses for residents.
Lagos (Mainland)
- Mini flat (1-bedroom): ₦600,000 – ₦1,200,000 per year
- 2-bedroom apartment: ₦900,000 – ₦2,500,000 per year
Abuja
- 1-bedroom apartment: ₦800,000 – ₦1,800,000 per year
- 2-bedroom apartment: ₦1,200,000 – ₦3,500,000 per year
Rental prices depend heavily on location, security, and proximity to business districts.
🍚 Food & Grocery Costs in Nigeria
Food expenses vary by household size and consumption habits.
Average monthly grocery estimate (family of 4):
₦120,000 – ₦250,000
Staple food prices:
- 50kg bag of rice: ₦48,000 – ₦82,000
- Beans (100kg bag): ₦95,000 – ₦125,000
- 25L vegetable oil: ₦65,000 – ₦95,000
For detailed weekly breakdown, see:👉 Food Prices in Nigeria Today https://24hoursmarket.com/cost-of-living-in-nigeria-2026-updated-guide/
🚗 Transportation Costs
Transportation costs are influenced by fuel prices and city location.
Public Transport (Lagos)
- Bus fare (short distance): ₦300 – ₦800
- BRT fare: ₦500 – ₦1,500
Fuel
- Petrol (per litre): ₦875 – ₦950 (varies by state)
Rising fuel costs directly impact food and transport prices nationwide.
⚡ Utilities & Services
Electricity
Average prepaid electricity (monthly): ₦10,000 – ₦35,000 depending on usage
Internet
- Monthly broadband subscription: ₦11,000 – ₦35,000
Water
- Borehole (private supply) common in many areas
- Water tanker (where needed): ₦15,000 – ₦30,000 per refill
🎓 Education & Healthcare
Private school fees:
- Primary school: ₦150,000 – ₦800,000 per term
- Secondary school: ₦250,000 – ₦1,500,000 per term
Basic private hospital consultation: ₦10,000 – ₦30,000
Costs vary widely by state and institution quality.
📊 Is Nigeria Expensive in 2026?
Nigeria remains relatively affordable compared to many Western countries, but rising inflation and transportation costs have increased pressure on food and housing expenses.
The cost of living in Nigeria depends largely on:
- City of residence
- Household size
- Lifestyle choices
- Income level
Living in Nigeria – Key Takeaway
Food and housing remain the two biggest cost drivers. Monitoring food price trends helps households manage monthly expenses effectively.
For weekly food price updates, visit:👉 Food Prices in Nigeria Today